The United States has issued digital currency for at least 10 years

According to China Daily, Harvard economist Kenneth Rogoff predicts that the United States is at least a decade away from issuing its own central bank digital currency (CBDC), and the People’s Bank of China is far ahead of other major central banks.

Kenneth Rogoff predicts that the growth of the digital yuan will eventually boost the international use of the yuan. Global accounting firm PricewaterhouseCoopers found that the U.S. ranks 18th in central bank digital currency innovation, trailing not only China but smaller countries such as the Bahamas, Ecuador and Turkey.

Read more about

Disclaimer

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

Advertisement

More from this stream

Recomended

U.S. Economy Faces Mixed Outlook as Stock Market Braces for 2024 Shifts

Michael Hartnett, a strategist at Bank of America, recently said that the continued rebound in U.S. Treasury prices suggests a slowdown in economic growth.

Norwegian Sovereign Wealth Fund Challenges Tesla on Labor Rights

Tesla and a group of Swedish auto mechanics are in a growing dispute.

U.S. Consumer Inflation Expectations Drop, Boosting Stock Market

The University of Michigan in America shared some fresh numbers. They tell us folks think prices won't rise as much as they thought before. This is making the stock market in America get better.

Oil Countries Urge Rejection of Anti-Fossil Fuel Agreements at Climate Talks

The boss of the Oil Exporting Countries Club, Mr. Haitham Al Ghais, wrote a letter to 13 countries. He asked them to say no to any deals at the big climate talks that are mean to fossil fuels.