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Fed Chair Jerome Powell is lukewarm on digital currencies but the multiple impacts of COVID-19, and the progress of China and other states on CBDCs, have reignited calls for a…
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DOI: 10.1108/OXAN-DB256845
ISSN: 2633-304X
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Momentum to create central bank digital currencies (CBDCs) is growing, with China starting large-scale trials for its digital yuan. Faced with the threat of being left behind, US…
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DOI: 10.1108/OXAN-DB260957
ISSN: 2633-304X
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Chinese provinces have banned cryptocurrency 'mining' (the creation of new units of cryptocurrency using complex computer calculations), affecting over 90% of global capacity.
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DOI: 10.1108/OXAN-DB262935
ISSN: 2633-304X
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In early February, Presidents Xi Jinping and Vladimir Putin announced a strategic partnership “without limits”, and the Chinese government has maintained a broadly supportive…
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DOI: 10.1108/OXAN-DB268691
ISSN: 2633-304X
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After two years of crackdowns on the sector, this plan promises both consolidation and gradual development, with a particular focus on data and objectives related to the 'common…
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DOI: 10.1108/OXAN-DB267358
ISSN: 2633-304X
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The proposal will underline the centrality of national security considerations to digital policies. Partially, this is a result of the increased potency of technologies and their…
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DOI: 10.1108/OXAN-DB260678
ISSN: 2633-304X
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CHINA: Digital currency will extend state’s reach
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DOI: 10.1108/OXAN-ES252285
ISSN: 2633-304X
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The proposals identified areas where the euro could potentially become more dominant, such as the issuance of green bonds, digital currencies, and international trade in raw…
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DOI: 10.1108/OXAN-DB259761
ISSN: 2633-304X
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Trials will be expanded across China, providing greater experience with the system's operations and greater awareness among Chinese consumers.
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DOI: 10.1108/OXAN-DB259720
ISSN: 2633-304X
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In September, the deputy governor of the People’s Bank of China (PBoC) announced that four of city-level trials would be expanded to the provincial scale in the near future to…