Tag: Yuan

China Is Easing

China Is Easing

China is cutting rates again in an effort to bolster the local economy which has slowed due to COVID lockdowns and the bursting of the local property bubble. We touch on a few near-term implications of this slowdown. More importantly, from a strategic perspective China's easing will likely result in the U.S. expanding its trade … Continue reading China Is Easing

China Bans Crypto Transactions

China Bans Crypto Transactions

China today outlawed digital currency transactions as it ramps-up its digital Yuan effort. Our guess - as we previously wrote - is that the Fed will take similar action once it rolls out the digital USD. Read more about China's actions HERE. Related TEK2day reports & articles: article: A Digital Dollar Is Comingarticle: The Fed … Continue reading China Bans Crypto Transactions

The Fed & Treasury Are Clearing The Runway For The Digital Dollar

The Fed & Treasury Are Clearing The Runway For The Digital Dollar

The Fed, Treasury and the SEC fired a shot at stablecoins. It feels to us that the three Federal agencies are clearing a path for the digital dollar. Stablecoins are crypto currencies that are pegged to a fiat currency and thus behave similarly to fiat currencies and therefore represent a potential threat to fiat currencies. … Continue reading The Fed & Treasury Are Clearing The Runway For The Digital Dollar