U.S. Risks Falling Behind China With Stablecoin Interest Ban, Coinbase Chief Says
Share:
- Coinbase believes a U.S. stablecoin interest ban could give China an edge.
- China will allow interest on digital yuan starting Jan 1, boosting its appeal for users.
- GENIUS Act debate heats up as crypto firms and banks clash over implementation.
A top executive at Coinbase says the United States could lose ground in the global crypto if it bans interest or rewards on U.S. stablecoins. This warning comes as China is making its own digital currency more appealing.
The debate is happening as U.S. lawmakers discuss how to enforce the GENIUS Act. At the same time, China’s central bank has changed its approach to the digital yuan.
Why Coinbase Is Concerned
In a tweet, Coinbase’s chief policy officer, Faryar Shirzad, said the issue became more serious after China announced it may allow interest payments on its digital currency, known as the e-CNY.
He explained …
Read The Full Article U.S. Risks Falling Behind China With Stablecoin Interest Ban, Coinbase Chief Says On Coin Edition.
In This News
Funds
Share:
In This News
Funds
Share:
Read More
US Investors Might Be Leaving Bitcoin and Ethereum ETFs for International Markets
Bitcoin spikes 6% on softer US inflation but the CPI record still has holes after the shutdown
U.S. Risks Falling Behind China With Stablecoin Interest Ban, Coinbase Chief Says
Share:
- Coinbase believes a U.S. stablecoin interest ban could give China an edge.
- China will allow interest on digital yuan starting Jan 1, boosting its appeal for users.
- GENIUS Act debate heats up as crypto firms and banks clash over implementation.
A top executive at Coinbase says the United States could lose ground in the global crypto if it bans interest or rewards on U.S. stablecoins. This warning comes as China is making its own digital currency more appealing.
The debate is happening as U.S. lawmakers discuss how to enforce the GENIUS Act. At the same time, China’s central bank has changed its approach to the digital yuan.
Why Coinbase Is Concerned
In a tweet, Coinbase’s chief policy officer, Faryar Shirzad, said the issue became more serious after China announced it may allow interest payments on its digital currency, known as the e-CNY.
He explained …
Read The Full Article U.S. Risks Falling Behind China With Stablecoin Interest Ban, Coinbase Chief Says On Coin Edition.
In This News
Funds
Share:
In This News
Funds
Share:
Read More
US Investors Might Be Leaving Bitcoin and Ethereum ETFs for International Markets