Insider Intelligence delivers leading-edge research to clients in a variety of forms, including full-length reports and data visualizations to equip you with actionable takeaways for better business decisions.
In-depth analysis, benchmarks and shorter spotlights on digital trends.
Learn More
Interactive projections with 10k+ metrics on market trends, & consumer behavior.
Learn More
Proprietary data and over 3,000 third-party sources about the most important topics.
Learn More
Industry KPIs
Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.
Learn More
Client-only email newsletters with analysis and takeaways from the daily news.
Learn More
Analyst Access Program
Exclusive time with the thought leaders who craft our research.
Learn More

About Insider Intelligence

Our goal at Insider Intelligence is to unlock digital opportunities for our clients with the world’s most trusted forecasts, analysis, and benchmarks. Spanning five core coverage areas and dozens of industries, our research on digital transformation is exhaustive.
Our Story
Learn more about our mission and how Insider Intelligence came to be.
Learn More
Rigorous proprietary data vetting strips biases and produces superior insights.
Learn More
Our People
Take a look into our corporate culture and view our open roles.
Join the Team
Contact Us
Speak to a member of our team to learn more about Insider Intelligence.
Contact Us
See our latest press releases, news articles or download our press kit.
Learn More
Advertising & Sponsorship Opportunities
Reach an engaged audience of decision-makers.
Learn More
Browse our upcoming and past webinars and other events.
Learn More
Tune in to eMarketer's daily, weekly, and monthly podcasts.
Learn More

China and India go all in on CBDCs as support for Bitcoin payments seesaws

What we’ve noticed: As the crypto payments market gains steam, lawmakers and regulators across the globe are trying to figure out how to regulate digital currencies effectively to ensure safety and legitimacy—a debate that took on a new sense of urgency after El Salvador became the first country to accept Bitcoin as legal tender.

Asia-Pacific leads the way: Here are the latest crypto payment moves from two of the biggest global markets.

  • China imposed strict regulations on Bitcoin mining and trading in May, which led to falling prices and a global trading slump. But the country is ramping up efforts to launch a central bank digital currency (CBDC): China has given out a total of $41.5 million in digital yuan through its pilot programs, and there are reports that it could be ready to roll out the CBDC after the Beijing Winter Olympics in early 2022. While 90% of the world’s central banks are looking into developing CBDCs, China is gearing up to be the first major economy to bring one to market.
  • Regulators in India are reportedly preparing to classify Bitcoin as an asset class “soon,” according to The New Indian Express—a complete reversal from a bill proposed in January that would have banned private digital currencies like Bitcoin and facilitated building a framework for a CBDC. Further pointing to changes, crypto exchange Coinbase said it will build out its presence in India, anticipating that interest in Bitcoin and a potential CBDC will hold in the country.

The bigger picture: When it comes to digital currencies, countries like CBDCs because they have parity with corresponding fiat currencies and can fit within the global banking system: Just days after international financial institutions called for global collaboration to make CBDC interoperable, central banks of Singapore and France successfully tested a cross-border network involving multiple CBDCs supported by JPMorgan’s blockchain infrastructure, Onyx. Bitcoin, on the other hand, faces an uphill climb toward being accepted as a currency amid concerns about its high volatility and utility as a payment method, but payment players are nevertheless diving into the space—signaling the asset may be able to overcome this skepticism. But for CBDCs and broader crypto payments to break into the mainstream, continued work toward interoperability will be key to ensure payment utility and enable cross-border transactions.