Warwick Powell

Warwick Powell


The digital yuan/RMB is securing a seat at the table

The digital yuan/RMB is securing a seat at the table

(ATF) Last week, the People’s Bank of China 'airdropped' via lottery 10 million digital yuan or renminbi (eCNY or eRMB) to 50,000 residents in Luohu district in Shenzhen. Each resident received 200 eCNY (about US$30) into a digital wallet on their phones. This money could be spent at a range ...

Continue reading

A new era of digital currencies with Chinese characteristics

A new era of digital currencies with Chinese characteristics

(ATF) So what’s the deal with digital currencies? Currency wars? Bitcoin, Libra and everything else in between? Central bank digital currencies versus decentralised cryptocurrencies?Much recent discussion has pitched the issue in the context of the evolving imbroglio that is global geopolitics post-Covid-19. With increasing tensions between the world’s two largest ...

Continue reading