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Articles on central bank digital currencies

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China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency. peng song/Moment Collection/Getty Images

War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency – and be a serious contender against the US dollar

Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
Global central banks, like the Bank of Canada, are considering their own digital currencies as a backstop to prepare for a future where cryptocurrency dethrones cash as king. THE CANADIAN PRESS/Adrian Wyld

Central bank digital currencies could mean the end of democracy

Central banks worldwide are racing to implement national digital currencies, yet democratic considerations are hardly discussed in public. This has to change.

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