🇨🇳 China won't use #digitalyuan to bypass sanctions and bail out Russia, says Turrin. West 10 years behind China on #CBDC. De-dollarization is unstoppable. Interview on @AsiaSquawkbox. Cashless my 5⭐ bestseller on China's #CBDC.

CB⚡DC DAILY: THE DAY THE MUSIC DIED🤘🏼. "CBDC for thee but not for me". "They [CBDC opponents] point to China’s pilot of the e-yuan as a future vision that includes the policing of Americans’ spending habits. What they neglect to say is that the government already tracks illicit

Tether to launch USDT in U.S. through foreign issuer route, plus new local stablecoin. Fascinating development as Tether won't comply with the EU's MiCAR regulations but will comply with the GENIUS Act. Foreign issuers need to have local regulatory guidance, for Tether in El

The GENIUS Act hangover. money laundering with stablecoins is a real problem. Shanghai Authorities Uncover $6.5 Billion USDT Stablecoin Scheme . Shanghai authorities have uncovered a significant illegal foreign exchange scheme involving the USDT stablecoin, amounting to $6.5

CB⚡DC DAILY: ROCKSTARS 🤘🏼. Anti-CBDC Surveillance Act shouldn't prevent wholesale CBDC, tokenized reserves . "The current version of the Anti-CBDC bill has refined its language to block only retail central bank digital currencies. Earlier drafts could potentially have prevented.

AI bubble is worse than the dot-com crash that erased trillions, economist warns — overvaluations could lead to catastrophic consequences . "Torsten Sløk, chief economist at American asset company, Apollo Global Management, has warned that the AI companies and their stock prices

House passes GENIUS Act for stablecoins, approves crypto market infrastructure bill - BUT AT WHAT COST? . "On the one hand, the passage of the GENIUS Act is something to celebrate, providing much needed regulatory clarity to an area which is rapidly expanding. On the other

Chinese worry Nvidia H20 chips are poisoned wine for AI industry - Asia Times . Yes, the ban was lifted, but is there still a market left for Nvidia's depowered chip?. “This is not a simple lifting of the export restrictions, but a carefully designed measure for the United States

STABLECOIN SPECIAL: BANKS, RISKS & CHINA UNVEILED . This Week's Topics:. 🔹 Part 1: Banks Bet Big on Stablecoins Joining in $250B Boom. 🔹 Part 2: Banks Spend Heavily on Blockchain Innovation. 🔹 BIS Hits Stablecoin Threats to TradFi Stability and Monetary Sovereignty. 🔹

Citi: West Rushes to Catch Asia's Decade-Long RTP Boom. I'm glad to see the West copying tech that is "Made in Asia."🤣 . Citi’s report on real-time payments (RTPs) is a “must-read” that preaches their economic benefits, a concept that Asia has been aware of since 2014!. Citi is

ASEAN accelerates de-dollarization.US erratic policies prompt move as renminbi gains traction, experts say . "ASEAN economies are accelerating the move away from the US dollar as geopolitical uncertainties, monetary shifts and increasing currency volatility prompt

Asian investors trim US assets amid dollar weakness, but full pullback proves ‘difficult’. The proportion of US assets in Asia’s securities portfolios fell by 0.7 percentage points, to 40.8 per cent in the first quarter from a peak of 41.5 per cent in the fourth quarter of 2024,

Instant view: Markets gyrate on brief scare that Trump will fire Fed's Powell . JUAN PEREZ, SENIOR DIRECTOR OF TRADING, MONEX USA, WASHINGTON:. “What can kill the value of the U.S. dollar, what can absolutely destroy faith in the U.S. dollar, is attacking in any way, shape, or

1/4 🧵 #DEDOLLARIZATION DAILY: . The loss of faith in the dollar is accelerating, and the movement to fire the Fed's Powell is simply seen as proof that this is the time to get out. Asia has made this call and is voting by reducing dollar holdings, dropping them by 0.7% in

CB⚡DC DAILY: STABLECOINS vs CBDC🤘🏼. Crypto Bros are finally figuring out that the GENIUS Act isn't #crypto taking over payments, but Government and banks taking over stablecoins!. The difference between stablecoins and CBDC is so slight that the US would have been much better

Bank of England: stablecoins are no substitute for commercial bank money . On this he is 100% correct they won't substitute for com. bank money, but they will supplement it for payments. The Governor highlighted the “urgent need” for innovation in payments and the

Stablecoin Has Long Road to Mainstream Payments, Mastercard Says . -Mastercard Inc.'s chief product officer, Jorn Lambert, says stablecoins are a long way from becoming a viable everyday payment tool, according to Lambert. -Lambert says attributes like a seamless and predictable

🔥Stablecoin Daily: Unstable at Any Speed❓⚠️ . Bank of America joins JPMorgan and Citi in Pursuit of a Stablecoin but are they ready for mainstream payments? Mastercard says NO! Bank of Englad say NO substitute for bank money!. BofA CEO Brian Moynihan said on Wednesday the

Citigroup considers issuing its own stablecoin, CEO says . "We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where we're very active," she said. "This is a good opportunity for us.".

STABLECOIN MANIA! . Citi and JPMorgan both looking at launching stablecoins!. 1️⃣ Will they or won't they? . 2️⃣ Who'd ever have dreamed we'd see these bastions of financial orthodoxy dive into stablecoins?. 3️⃣ Both JPM and Citi also betting big on deposit tokens. Jamie

This article from @ZongyuanZoeLiu accurately describes the situation in China where it is doubling down on its high-tech investments after "swiftly and surgically" responded with tighter export controls. 👉China Is Winning Trump’s Trade War . Since the Sino-American trade