Does Didi's crash point to the future of U.S.-China financial frictions?
While the rivals are said by some to be in the midst of a "new Cold War," some financial businesses linking the two are thriving.
China’s digital currency will rise but not rule
A new version of the renminbi will fail to challenge the U.S. dollar's global dominance.
Virtual currencies have assumed a new prominence in business and finance, raising important questions about their role, viability and regulation. As the largest trading market for bitcoin, Japan can play an important role in answering these questions.
What exactly is bitcoin good for anyway?
Perhaps it's a payment system. If so, it's inferior to credit cards and grossly overvalued.
Cabinet: Bitcoin is not a currency
Under Japanese law, bitcoins are not recognized as currency and transactions using it should be taxed based on the income, corporate and consumption tax laws, the Cabinet announces.
