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India Central Bank, RBI, Considers Rolling Out Digital Rupee In A ‘Phased’ Manner
The Reserve Bank of India (RBI) is working on a phased implementation strategy for its central bank digital currency (CBDC) program. India Considers Running CBDC Pilot Programs The Deputy Governor of RBI, T. дальше »
2021-7-23 16:44 | |
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You Wouldn’t Need Crypto If You Have CBDC; ECB & Fed Selling Their Digital Fiat As Better Than Bitcoin
Federal Reserve Chairman Jerome Powell on Wednesday came out strongly supporting a digital dollar, saying it could undercut the need for cryptocurrencies and stablecoins. When asked during the congressional hearing if having a digital currency issued by the central bank would be a more viable alternative than cryptos in the payments system, Powell agreed and […] The post You Wouldn’t Need Crypto If You Have CBDC; ECB & Fed Selling Their Digital Fiat As Better Than Bitcoin first appeared on BitcoinExchangeGuide. дальше »
2021-7-15 16:35 | |
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China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. дальше »
2021-7-12 19:30 | |
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MAS launches a CBDC challenge to attract FinTech firms into Singapore
The Singapore Monetary Authority (MAS) has rolled out a global challenge for retail central bank-issued digital currencies (CBDCs). The regulator seeks to attract FinTech firms and financial institutions across the globe into the country. дальше »
2021-6-30 02:11 | |
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China has started paying builders in Xiong’an region with digital yuan
China has always been vocal about blockchain technology and the launch of central bank digital currency (CBDC). The country is also on the right track to roll out the first-ever government-issued digital currency for its citizens. дальше »
2021-6-16 14:45 | |
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Brazil’s Central Bank Delays CBDC Timeline to 2024
Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. дальше »
2021-6-13 06:09 | |
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China Pays $ 6.2 Million in Beijing Lottery for CBDC Trial
Beijing will give out 200,000 red envelopes worth 200 yuan to lucky applicants in a lottery to be launched in June. Fintech expert Su Xiaorui said that the giveaway is a trial to ensure the pilot work for digital renminbi has been done in an organized and market-oriented manner. дальше »
2021-6-3 23:00 | |
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Russia’s Central Bank Chief Says CBDCs Are Necessary For Financial Systems
Russia’s Central Bank Chief Elvira Nabiullina said her country's decision to create a central bank digital currencies (CBDC) is due to its perceived benefits. Digital Ruble Prototype Would Be Launched This Year Speaking in a CNBC interview, the apex bank governor said Russia aims to roll out its Digital Ruble prototype by the end of […] The post Russia’s Central Bank Chief Says CBDCs Are Necessary For Financial Systems first appeared on BitcoinExchangeGuide. дальше »
2021-6-3 20:36 | |
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Billionaire Ray Dalio Believes Digital Yuan Could Become Global Reserve Currency; Could Run on Ethereum
According to billionaire investor Ray Dalio, the CBDC race seems to be heating up, and China may emerge a winner. Digital Yuan To Outpace Digital Dollar Bridgewater Associates founder Ray Dalio pointed out that China's digital yuan could serve as a threat to the continued dominance of the US dollar in the global marketplace. дальше »
2021-6-1 20:38 | |
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Federal Reserve Governor Pushes for Central Bank Digital Currency
Lael Brainard has begun to press harder for a digital dollar after chairman Jerome Powell stated the Fed was in no rush to roll out a CBDC. The post Federal Reserve Governor Pushes for Central Bank Digital Currency appeared first on BeInCrypto. дальше »
2021-5-24 19:41 | |
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Korea approaching CBDC launch with a trial project
South Korea’s central wants to carry out a testnet for its central bank digital currency (CBDC). According to the announcement, the main reason for the test is to test whether CBDC can be used for settlement and remittance for goods and services. дальше »
2021-5-24 13:18 | |
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Has England intensified efforts to roll out its own CBDC?
The Bank of England (BoE) is publishing a job opening, indicating there is a vacancy for a senior expert on central bank digital currencies (CBDC). The job opening is a confirmation that the country is thinking about the design, feasibility, ad implementation of its CBDC. дальше »
2021-5-2 15:55 | |
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Hainan Province to Conduct Digital Yuan Campaign This April
Hainan, an island province in South China would carry out a campaign to raise awareness and promote the benefits of using the forthcoming digital yuan, later in April. The campaign follows China’s efforts to expand the scope of its central bank digital currency (CBDC) trials across different parts of the country. Digital Yuan Campaign inRead More дальше »
2021-4-9 15:00 | |
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Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot
The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year […] дальше »
2021-4-9 14:00 | |
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Korea’s Shinhan Bank Completes Digital Won CBDC Pilot
Shinhan Bank of South Korea has announced the completion of its central bank digital currency (CBDC) pilot. The project was carried out in conjunction with LG CNS and the team claims the pilot is in a bid to get the bank ready for the eventual launch of the nation’s digital won by the Bank ofRead More дальше »
2021-3-11 02:00 | |
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China to Launch Biggest Digital Yuan Trial in Chengdu
China is leading the race to launch the world’s first fully adopted Central Bank Digital Currency (CBDC). It had earlier announced the commencement of trials for its digital yuan. The government gave out digital yuan to citizens as part of the test, encouraging retailers to accept it as a payment medium. дальше »
2021-3-3 13:44 | |
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Chinese Commercial Bank Tests Biometric Hardware Wallet for Digital Yuan Payments
The Postal Savings Bank of China (PSBC), a Chinese commercial bank, has created another hardware wallet for digital yuan payment, as part of China’s efforts to carry out large-scale trials for its proposed central bank digital currency (CBDC) project. дальше »
2021-2-19 16:00 | |
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China-based BSN Readies International CBDC Platform
China’s Blockchain Service Network (BSN) laid out its plans for 2021 on Jan. 15. The company expects to build a universal digital payment network (UPDN) over the course of five years. However, its goals for 2021 include launching a beta-test version of the UPDN in the second half of the year. дальше »
2021-1-17 13:52 | |
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Association of Russian Banks cites risks associated with digital ruble
Digital currency plans across nations seem to be drawing out concerns from a host of commercial banks. As a result, several questions have emerged with regard to a CBDC’s impact on private banking sThe post Association of Russian Banks cites risks associated with digital ruble appeared first on AMBCrypto. дальше »
2021-1-13 19:00 | |
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Bankers Fear Sweden’s Proposed Digital Currency May Fundamentally Change Banking
Swedish bankers have expressed concerns over the country’s proposed CBDC dubbed e-krona according to a Reuters report on Tuesday. This pipeline CBDC has been in the works for over a year and is being considered for mainstream roll out by Riksbank, Sweden’s monetary authority. дальше »
2021-1-6 17:56 | |
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Suzhou Government to Airdrop $3 Million in Digital Yuan for CBDC Trial
The Suzhou government is set to carry out a test on China’s central bank digital currency (CBDC) by conducting a digital yuan airdrop via a lottery program, which will see the distribution of $3 million worth of digital yuan to some lucky winners. дальше »
2020-12-5 14:00 | |
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Lebanon plans to roll out its digital currency next year
Lebanese central bank has concluded plans to roll out its digital currency next year. The country’s central bank will become the latest monetary regulator to make a move towards the launch of a central bank digital currency (CBDC). дальше »
2020-11-11 16:06 | |
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Australia’s Reserve Bank, ConsenSys, Others Launch CBDC Proof of Concept
Reserve Bank of Australia (RBA) has joined forces with other financial institutions and ConsenSys Software to launch a research project on wholesale central bank digital currency. The initiative aims to find out the use cases, benefits, as well as implications of the wholesale form of CBDCs, according to a press release on November 2, 2020. дальше »
2020-11-3 00:00 | |
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Canada Calls for Coordinated Global Collaboration on CBDC Development
Canada says international collaboration is necessary to get the best out of central bank digital currency (CBDC) development. Countries like The Bahamas and Cambodia have already launched their sovereign digital currencies with China conducting live testing protocols. дальше »
2020-10-31 21:00 | |
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Kenyan Central Bank Is Considering Issuing A CBDC As It Feels ‘Left Out’ By Booming Private Cryptocurrencies
The Kenyan central bank is having serious discussions with international players about pursuing a retail central bank digital currency, a top official said Monday. Patrick Njoroge, governor at the Central Bank of Kenya (CBK) told U. дальше »
2020-10-27 22:46 | |
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CBDC’s Are Coming Fast But Will Not Replace Bitcoin – Raoul Pal
According to the Real Vision founder and CEO Raoul Pal, governments and Central Banks are much more prepared to roll out central bank digital currencies than most people think. The changes that have taken place in regulatory frameworks and overall interest in developing central digital currencies show that central banks are taking cryptocurrency technology seriously. […] дальше »
2020-10-20 00:09 | |
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Bahamas Central Bank Confirms CBDC ‘Sand Dollar’ to Launch In Less Than 30 Days
The Bahamas Central Bank has confirmed that its pipeline CBDC ‘Sand dollar’ will roll out next month as anticipated. This will mark the first retail-oriented CBDC to be integrated with fundamental financial market pillars as the world gradually shifts to digital payments. дальше »
2020-9-29 17:14 | |
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The Bahamas Resorts to CBDC ‘Sand Dollar’
The Bahamas has announced a Central Bank Digital Currency (CBDC), dubbed the “Sand Dollar. ” If the Sand Dollar launches next month as planned, The Bahamas will become the first nation to roll out a centralized digital currency nationwide. дальше »
2020-9-17 20:38 | |
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Mastercard rolled out a testing platform for CBDC
The credit card giant, Mastercard, recently launched a new testing platform that will help central banks with conducting tests of their CBDCs. The platform is highly customizable, and as such, it will allow precise evaluations of cryptocurrency systems. дальше »
2020-9-11 13:32 | |
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Brazil Fast Tracks CBDC Launch; Central Bank President Calls for Roll Out In Next Two Years
Speaking at a Bloomberg-sponsored event, Roberto Campos Neto, president of the Banco Central, praised digital currency payment systems as the future of financial systems claiming the country is in the pipeline of launching their CBDC in the coming two years. дальше »
2020-9-4 17:27 | |
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Central Banks’ Board Members to Discuss Ways of Better Using Blockchain in CBDC Rollout
As part of the OMFIF Digital Monetary Institute debate on how blockchain and distributed ledger technology (DLT) benefit central banks’ plans of rolling out digital currencies, a virtual discussion will be held on August 19, bringing together board members and specialists of several central banks according to a notification on Aug 18. дальше »
2020-8-19 01:00 | |
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China’s State Banks Test Digital Wallet App for CBDC Payments
China’s state-run commercial banks are conducting large-scale internal testing of a digital wallet application in preparation for rolling out a central bank digital currency (CBDC). Employees at state-run banks in cities including Shenzhen have started internally testing an app that will be used for transferring money and making payments, a Reuters report stated. дальше »
2020-8-7 14:25 | |
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China’s Digital Currency Targets Alipay and WeChat Pay
China is dedicated to becoming the first country to roll out a central bank digital currency (CBDC). Its Digital Currency Electronic Payment (DCEP) system aims to replace all physical currency in the country, including coinage. дальше »
2020-8-5 19:05 | |
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Cambodia’s Project Bakong CBDC Set for Roll Out in the Next Few Months
Cambodia’s central bank is getting set to launch the country’s central bank digital currency (CBDC) in conjunction with almost a dozen commercial banks. APAC nations continue to develop sovereign digital currencies mainly to challenge U. дальше »
2020-7-29 23:00 | |
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Bank of Thailand Extends Testing Of Digital Baht; Integration With Hong Kong Later In 2020
Thailand is currently in its third developmental phase of building its central bank digital currency (CBDC), a local newspaper, and Nation Thailand reported on Thursday. The paper stated that the Assistant Governor of the Bank of Thailand, Vachira Arromdee, who said the bank is already rolling out its CBDC to large companies. The Bank of […] дальше »
2020-7-17 17:21 | |
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Bank of Japan to Conduct Proof of Concept for Its Digital Yen
The Bank of Japan (BOJ), the 138-year old Japanese central bank, has announced plans to carry out a technical feasibility study for its central bank digital currency (CBDC). The bank says it intends to carry out a proof of concept (PoC), while also collaborating with other central banks and relevant agencies to reach the bestRead MoreRead More. дальше »
2020-7-4 21:00 | |
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Cambodia’s Central Bank Rolls Out Blockchain Payment System Whitepaper; It’s Not A CBDC
After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states. дальше »
2020-6-22 21:04 | |
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Blockchain Bites: Bitmain’s $4B Valuation, Cambodia’s CBDC and BTC-e’s Bust
Bitmain's ousted co-founder is offering to buy his rival out of the company at a $4B valuation, significantly less than at the company's height. дальше »
2020-6-22 19:28 | |
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Bank of Thailand (BoT) to Develop A Prototype Payments System For Business Using CBDC
Thailand's Central Bank (BoT) has announced that it will roll out a prototype for digital currency payments within the country's business ecosystems. The initiative will be based on an ongoing CBDC project dubbed ‘Inthanon, ‘ which kicked off two years ago in collaboration with Thai's leading financial institutions. дальше »
2020-6-20 19:54 | |
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Swiss Financial Regulator, FINMA, Licenses Local Bank To Carry Out The Crypto Transactions
Switzerland’s top financial regulator, Financial Market Supervisory Authority (FINMA) grants local banks, InCore, the first license to transact digital currencies. This adds to the accelerated efforts from the Swiss government in the blockchain field so far in 2020 with the government looking to implement a central bank digital currency (CBDC). InCore, first Swiss bank licensed […] дальше »
2020-5-31 16:23 | |
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CBDCs have a hand to play in crypto awareness
Central Bank Digital Currency [CBDC], a hot topic in the crypto community is turning out to be a bit controversial. From having implications on various monetary policies to its effects on the US dollaThe post CBDCs have a hand to play in crypto awareness appeared first on AMBCrypto. дальше »
2020-5-30 23:00 | |
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South Korean Central Bank to Roll Out Pilot Program to Test CBDC Through Dec 2021
On April 6, South Korea’s central bank has made the announcement that it started a pilot program for assessing the logistics of a central bank digital currency (CBDC). While the bank doesn’t plan to introduce a CBDC very soon, it still had created the pilot scheme to make sure that it’s prepared to do just […] дальше »
2020-4-7 19:01 | |
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Cambodia to Launch Digital Currency with Support of 11 Banks
Two years after reports of a Cambodian cryptocurrency, the country is set to launch a central bank digital currency (CBDC) payment system. Project Bakong to Feature Centralized Digital Currency According to Cambodian daily Phnom Penh Post, the country’s central bank is set to roll out “Project Bakong,” a blockchain-powered money transfer platform that features a CBDC. дальше »
2020-1-31 17:00 | |
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Bitcoin's rise might be perfect catalyst for an Iranian CBDC
Yet another crisis has rocked the Middle East, with the United States of America, unsurprisingly, in the mix. On 3 January, Qasem Soleimani, the military leader of Iran's Quds Force was taken out by aThe post Bitcoin's rise might be perfect catalyst for an Iranian CBDC appeared first on AMBCrypto. дальше »
2020-1-5 18:00 | |
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