• Sat. Oct 31st, 2020

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China held a $1.5 million lottery to test a new digital currency

China is taking its digital currency tests to a new level by giving away more than 10 million yuan ($1.5 million) in a new lottery (via CNBC). The state-run People‚Äôs…

EMERGING MARKETS-Indonesia stocks, currency steady after virus-scarred week

* Indonesia stocks swing sharply through the session * 10-year Indonesia bond yields rise to highest since late-July * Graphic: Foreign flows into Asian stocks tmsnrt.rs/2ReJOMr * Goldman Sachs bullish…

How China Is Closing In on Its Own Digital Currency

Not all the details are out, but according to new patents registered by the PBOC and official speeches, it could work something like this: Consumers and businesses would download a…