Crypto in Europe, China, Nigeria Turn To CBDC Digital Cash Experiments – Bloomberg

Bloomberg Markets European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.
Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
Prognosis explores health, wellness, and the ways in which modern science is allowing us to live better – in both the long term, and day-to-day
Turkish Bank Rally Accelerates as Earnings Impetus Draws Buyers
BOE Rate Hikes Aren’t Saving the Pound From Recession Fears
Tencent’s Sales Fall for First Time as China’s Economy Sinks
Tencent Says Meituan Stake-Sale Report Is Not Accurate
Dodge Tries to Reinvent Itself for EV Era With First New Model in Nearly a Decade
Brexit Dominates Truss, Sunak’s Bid for Northern Ireland Votes
More People Are Fleeing Cuba Now Than During 1980 and 1994 Crises
Scion of $63 Billion Media Fortune Revamps Wealth With Tech Bets
Carlyle’s CEO Drama Exposes Fault Lines Between Old Guard and New
Glazer Family Open to Selling a Stake in Manchester United FC, Sources Say
Ayesha Curry Joins Board of Gardening Startup Back to the Roots
Target’s Having a Much Harder Time Than Walmart
Rushdie Attack Shows the Hard Truths of Iran’s Soft Power
Liz Cheney’s Defense of Democracy Needs a Political Strategy
AMC’s CEO Will Do Whatever It Takes to Keep His Company a Meme Forever
Pension Veteran Tears Into Public Funds for ‘Bogus Benchmarking’
Ohio Raises a Volunteer Army to Fight Election Hacking
NYC Denies Every Hurricane Ida Property Damage Claim, Citing 1907 Rule
Ron DeSantis Sued by Prosecutor He Suspended Over Florida Abortion Ban
‘Hating ESG’: Advocates Are Looking to Replace the Label
UK Allows Farmers to Graze Preserved Lands as Drought Persists
Biden’s Pause on Oil, Gas Leases on Public Land Is Reinstated — for Now
Why Downtown Won’t Die
Venezuela Dismantles Chavez Propaganda in Capitalist Makeover
After Police Chief’s Racist Tirade, Mississippi City Lands in Court
Crypto Ads Starring Matt Damon, Tom Brady Vanish From Television
Genesis CEO Steps Down as Crypto Broker Slashes Its Workforce
Coinbase Insider Trading May Be Wider Than US Case: Study
Six projects around the world provide clues to the next stage of digital cash. 

Illustrator: Steven Wilson
When the U.S. and its allies decided to punish Russia for its invasion of Ukraine, they used their power over the global financial system to isolate the nation, crippling its economy and crushing the value of the ruble. But what if, in the future, countries don’t need those U.S.-dominated payment networks?
That’s one of the big questions also being asked now about China’s digital yuan and the European Central Bank’s plans for a digital euro, just two of the many so-called central bank digital currencies (CBDCs) that are being tested or studied around the world. CBDCs have emerged amid the rise of thousands of cryptocurrencies, which are quickly disrupting traditional payment systems and pushing central bankers to innovate to compete.