CBDC

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...