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Share A man walks by a poster advertising the renminbi (RMB) currency (Chinese yuan) in Hong Kong. AFP How will the digital renminbi change China? Mon, 10 May 2021 While many central banks are still investigating the possibility of issuing a digital currency, China has rolled out a digital currency via a series of pilot programmes since last year. The eRMB, known officially as DC/EP, by itself will not help the renminbi to challenge the US dollar’s global dominance. Its true significance instead lies in its potential to alter the balance between China’s technology giants and traditional ...

While many central banks are still investigating the possibility of issuing a digital currency, China has rolled out a digital currency via a series of pilot programmes since last year. The eRMB (my term as opposed to the more awkward official DC/EP) by itself will not help the renminbi to challenge the US dollar’s global dominance. Its true significance instead lies in its potential to alter the balance between China’s technology giants and traditional majority state-owned banks, thus indirectly enhancing the banks’ international competitiveness. The pilot programmes employ a two-tier ...

Vietnam’s social networks run race with the world’s technology giants Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công  02/05/2021    09:00 GMT+7 Governments around the world are trying to restrain the power of technology giants, which presents a great opportunity for Vietnam’s social networks to establish their foothold with their own characteristics. Social media is one of the fastest growing technology trends, with 3.8 billion users as of the end o...

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. French anti-trust watchdog says banks could be marginalised by Big Tech giants 30 April 2021 6 France's competition watchdog has warned of the dangers posed by the encroachment of Big Tech firms into the payments sector. Following a year-long fintech-specific inquiry, the Autorité de la concurrence trains its guns on the looming threat posed by Big Tech giants to upset the competitiv...

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