BSN, CHINA IS ALL SET TO COMPLETE ITS INTEGRATION WITH CBDC
The Chinese Blockchain Service Network is aiming to draw a finishing line in its integration procedure with 30 different public blockchainsChina is still at...
Central Bank Digital Currency (CBDC) explained along with its benefits
Every country, including China, has been trying to establish its own Central Bank Digital Currency (CBDC)CBDC is a currency specified and regulated by financial...
Turkey to begin a pilot test of CBDC after Q2 2021
Turkey revealed the launch of a pilot test program for its digital currency after Q2 2021The president of Turkey found that CBDC could be...
Yuan Digital currency on the second litmus test
1,00,000 lucky lottery winners were given 200 RMB eachDifferent e-Commerce platforms can be used for transactions Digital Yuan is on the second time test...
Digital change is essential however we don’t uphold private cryptocurrencies- German Finance Minister
Germany's Finance Minister Olaf Scholz has referenced secretly given cryptocurrencies resources.The European Union (EU), including Germany, is quickening innovative work on the Central Bank...
Tether may surpass Ethereum by 2022, gains second position
Report said that stagnant market cap of ETH, which is currently at $43.2 billion but remained under $30 billion in 2019 and 2020Tether will...
Chinese Government Gave Digital Yuan to People in Lottery
To promote and create awareness for the Digital Yuan, Chinese authorities are distributing $1.49 million as a lotteryAround 2 million people had applied for...
Central Bank of Japan to Test Digital Yen by 2021: Report
The report talks about the future possibility of a surge in the public demand for the Central Bank Digital Currency (CBDC)BoJ announced they would...
Korea to Pilot Run CBDC Development but Doesn’t Plan to Launch on Full Scale
Bank of Korea on Wednesday announced a pilot test for the Digital CurrencyCentral bank in April has already commented that the country has launched...
ECB Issued Report on Roadmap to Develop Digital Euro
Moving ahead in the same story, on October 2, ECB released a ‘Report on a Digital Euro’ECB aims to develop a minimum viable product...
ECB in a Report Says that Stablecoins’ Name is Misleading and Shall be Renamed
European Central Bank (ECB) in their recent report of September said the term ‘stablecoin’ to be potentially misleadingEurozone’s primary financial institute mentioned that stablecoins...
China-Japan in Race to Development of CBDC
China had already started conducting pilot runs for its Digital Yen in April 2020Japan too has decided to join the race and has accelerated...
Bank of England Says That Cryptocurrencies are Unsuitable for Payment
The Bank of England has updated its stance regarding cryptocurrency regulation.A virtual meeting was arranged by Brooking Institute where the governor of the Bank...
Brazil Explores the Benefits of Central Bank Digital Currency
Brazil too has decided to jump in the race with Brazil's Central Bank or Banco Central do Brasil (BCB) establishing a group which will...
China’s Digital Yuan in the 2022 Winter Olympic Games
China has been conducting extensive tests on digital currency and it plans to use it during the 2022 Beijing Winter Olympics scheduled.The Chinese central...
Qatar Moves Forward With its National Financial Technology Strategy
The COVID-19 pandemic has trembled the economical status of many nations.Qatar's Fintech strategy widely involves the issuance of a central bank digital currency.
The COVID-19...
Digital Dollar a Potential Competition to Bitcoin, Predicts Raghuram Rajan
Cryptocurrency Bitcoin and Libra by Facebook could also play a role even if central banks start issuing their own digital currencies, says former Reserve...
Former RBI Governor Raghuram Rajan comments on Bitcoin having a place with CBDCs
Former RBI Governor and economist says Libra and Bitcoin will play part in CBDCsThe banker who predicted the 2008 crisis compares Bitcoin to goldRaises...
Bank of England to hold Meeting on Central Bank Digital Currency
Bank of England and other central banks will consider application and designs for a CBDC on August 19Hosted by Official Monetary and Financial Institutions...
Thailand’s Central Bank Considering DeFi Use For Digital Baht
The Central Bank of Thailand is exploring the option of digitizing its national currency Thai BahtDeFi industry has been making waves due to its...
Federal Board Accepts of Working on Digital Dollar
Lael Brainard, Governor of Federal Board in a webcast commended that US is under the process of building the digital currencyThe United States Congress...
Fed Shares Research and Experimentation Undertaken to understand CBDC better
Federal Reserve shared the news of in-depth research and experimentation being undertaken to gain better idea about the strength, scope and threats involved in...
The Bank Of Japan Will Conduct An Empirical Test On Central Bank Digital Currency
The Bank of Japan is preparing to officially start an empirical test on Digital Currency (CBDC) issued by the Central Bank.
Even though there...
Kazushige Kamiyama Appointed as Head of Digital Currencies by BOJ
Kamiyama will head the Payments and Settlement Department to carry out efficient research in issuing a digital currency
The Bank of Japan along...
Czeck Central Bank Member Questions The Viability Of Digital Currency
Tomas Holub, a board member of the Czech National Bank, has different views regarding the central bank digital currency.
In a recent interview,...
World’s Fifth-largest Bank Is Expected To Release Its Digital Currency
Mitsubishi UFG Financial Group has finally set another deadline for its stablecoin after missing the previous ones.
It plans to launch MUFG Coin...
Bank Of Japan (BoJ) Keen Over Issuing Their Very Own Digital Yen
Bank of Japan (BoJ) has started experimenting with its CBDC, which could lead to an alternative to the conventional Japanese Yen.
As of now, the...
Bank Of England Considering The Issuance Of Digital Currency
The Bank of England is currently analyzing whether they should be creating digital currency or not.
The officials published a discussion paper on...
Singapore’s Project Ubin Completes Final Phase, Set For Commercial Rollout
The Monetary Authority of Singapore has announced that the digital payments network of the country is ready for a rollout.
The final phase...
Lithuania to launch its own Central Bank Digital Currency – LBCOIN
Lithuania will launch the world’s first digital collector tokens on 23rd July 2020 with much fervor and enthusiasm.
The digital tokens are currently for pre-sale...
The Pilot Tests For The Digital Dollar May Begin Soon As It Gets Approval
David Treat, global blockchain lead at Accenture said that the US could propel the digital dollar project more quickly if it gets a...
Central Bank of Sweden Releases Economic Review of CBDC
An economic review published by the central bank of Sweden revealed insights on the central bank digital currencies (CBDCs) case.
It is...
BIS Latest Report Reveals A Major Shift Towards CBDC
Recently, the Bank for International Settlements (BIS) has revealed in its exclusive report that the central bank digital currency (CBDC) has the potential...
Associazione Bancaria Italiana Announces Its Intention To Trial A Digital Euro
Italian Banking Association or the ABI announced that they were looking forward to trial their first ever digital Euro.
Associazione Bancaria Italiana is...
Thai Central Bank Enters CBDC Bandwagon With Its Prototype
The Bank of Thailand (BoT) is the latest central monetary regulator to claim its resurgence towards centrally issued and controlled digital currency.
...
Singapore In Discussion With People’s Bank of China On CBDC
The Monetary Authority of Singapore reported today that it is working with the People's Bank of China on CBDC application.
In recent years,...
Bank Of Korea Introduces A New Legal Advisory Council For Its CBDC
Recently on Monday, June 15th, 2020, Bank of Korea (BOK) released a group that aims at giving legal advice to the central bank-issued...
Bank Of Korea’s Mid-Long Term Development Strategy Highlighted Digital Currency
Bank of Korea has decided to strengthen its research and development capabilities and is aiming to prepare digital currencies.
‘BOK2030’ is the new...
Philadelphia Federal Reserve Reveals The Impact Of CBDC On Financial System
Recently, the Federal Reserve Bank of Philadelphia’s Research Analysts introduced a paper. That details the effect of CBDC (Central Bank Digital Currency) on...
Former CFTC Chairman Published Whitepaper For Digital Dollar
Today, the Digital Dollar Project, an association of Digital Dollar Foundation and Accenture, has published its first whitepaper.
However, the digital dollar foundation...
