Jerome Powell Confirms US Will Not Issue CBDC Under His Leadership In a recent announcement, Jerome Powell, the Chairman of the Federal Reserve, has made it clear that the United States will not be issuing a Central Bank Digital Currency (CBDC) during his tenure. This decision comes as a confirmation of Powell’s stance on the […]
China’s CBDC Struggles Amid Slow Adoption
China’s central bank digital currency (CBDC), also known as the digital yuan, was anticipated to be a groundbreaking innovation in the financial sector, positioning China as a leader in the digital currency arena. However, the reality of its public adoption reveals a stark contrast. Reports indicate that awareness and acceptance of the digital yuan are […]