2023-7-15 16:10 |
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency? origin »
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Kyrgyzstan’s central bank has proposed amendments to the law to legalize its digital currency as a legal tender. The National Bank of Kyrgyzstan has initiated public discussions on constitutional law amendments aimed at integrating its own digital currency — known…
2024-8-9 13:02 | |
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To make CBDCs successful, global and local financial institutions need to invest in digital currency education, analyze various use cases, and create their digital currency strategy.
2023-9-11 18:24 | |
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Leading digital currency keeps dropping since CPI release day
2023-5-12 13:56 | |
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The Special Administrative Region passed a bill that would create a legal framework for accepting digital currency, but would also allow China to monitor Chinese nationals visiting the territory; the largest cryptocurrency by market cap is trading above $19.5K.
2022-10-18 02:24 | |
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Macau is inching closer to the eventual adoption of a digital currency as it strives to develop a more comprehensive set of measures to prevent the flow of dirty money and tax evasion in the largest gambling hotspot in the planet.
2022-10-18 17:15 | |
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The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.
2022-7-15 23:00 | |
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U.S Rep. Jim Himes (D-Conn.) published a report supporting the introduction of a central bank digital currency on Wednesday.
2022-6-22 18:04 | |
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Crypto adoption across the world is growing at a much faster pace. New data suggested four in five American retail organizations are expecting digital currency payments in the next five years. TheyThe post Report: 'Digital currency will become legal tender in the next...' appeared first on AMBCrypto.
2022-6-10 04:30 | |
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Major General Zaw Min Tun said rolling out a digital currency would "help improve financial activities in Myanmar."
2022-2-5 00:32 | |
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Being the first most valued digital currency by market cap has given Bitcoin a lot of free PR and padded its credibility significantly. However, being the second most valued digital currency and holding onto the spot for years, is almost equally just as commendable for Ethereum.
2021-8-6 21:33 | |
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AXIA Coin (AXC), an asset-supported digital currency, just completed a successful launch on KuCoin. Starting July 12, traders had the opportunity to mine AXC by staking USDT, KCS, or ETH on the populaThe post AXIA Coin launch on KuCoin signals new contender in the digital currency space appeared first on AMBCrypto.
2021-7-17 06:13 | |
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The digital currency project could be ready for a pilot phase within the next… The post Nigeria’s Central Bank Could Launch Digital Currency By End of 2021 appeared first on Coin Journal.
2021-6-22 14:20 | |
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Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […]
2021-6-12 04:30 | |
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Kalashnikov firearms manufacturer has expressed its desire to switch to settlements using digital currency. The post AK-47 Gunmaker Sets Sights on Digital Currency appeared first on BeInCrypto.
2021-6-4 19:43 | |
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The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency.
2021-4-19 12:37 | |
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Riksbank, Sweden’s central bank, has finished the initial part of its digital currency experiment. The authority unveiled this news through a report, noting that it ran into some serious issues that it must address before Swedes can use the e-krona for daily purchases.
2021-4-8 23:06 | |
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The ECCB has launched a regional central bank digital currency in partnership with Caribbean fintech outfit Bitt.
2021-4-2 15:52 | |
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Critics of the digital currency have visions of the future every bit as silly as maximalist's.
2021-3-1 22:08 | |
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China’s central bank and the Hong Kong Monetary Authority (HKMA) are gearing up to conduct a pilot test of the e-yuan central bank digital currency (CBDC) system. The move further broadens the scope of the digital currency electronic payment (DCEP) with plans to introduce the currency in Macau as well.
2020-12-7 18:00 | |
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On Monday, local Chinese media The Paper reported that the district of Suzhou in Xiangcheng would launch a lottery to give away the country’s central bank digital currency (CBDC) in a bid to test the real-use cases of the digital currency.
2020-11-23 20:50 | |
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Chinese billionaire Jack Ma highlights the importance of digital currency adoption
2020-10-25 13:55 | |
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Despite not being ready to introduce its own digital currency, the Reserve bank of...
The post New Zealand will not adopt a digital currency for now appeared first on Coin Journal.
2020-10-20 12:58 | |
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XDC, the first Corda Network digital currency has been launched today by Cordite Society Ltd, a co-operative society registered in the UK, who have leveraged the existing UK legal structure for mutual societies to operate a digital currency, providing the first onshore legal structure for decentralized finance.
2020-10-20 07:19 | |
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In late September, the Bahamas announced that it would officially launch its central bank digital currency known as the “Sand dollar” this month. According to reports, the country’s central bank is planning to make the CBDC interoperable on a global scale.
2020-10-18 00:20 | |
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New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.
2020-10-14 22:00 | |
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China is promoting its central bank digital currency with a public $1.5 million giveaway.
2020-10-10 11:09 | |
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Coinspeaker PBOC Argues that China Needs to Be Leader in National Digital Currency Space to Shake Global Dollar DependencyNow China needs to establish a new payment system network to support its digital currency growth.
2020-9-21 15:14 | |
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The People’s Bank of China has approved the deployment of its Digital Currency Electronic...
The post China will demo its digital currency in major cities appeared first on Coin Journal.
2020-8-17 11:43 | |
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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.
2020-8-5 19:05 | |
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US legislators have proposed the development of a US dollar digital currency that will rival the soon to be launched Yuan cryptocurrency. According to the lawmakers, the move would help… The post US Legislators Want USD Digital Currency appeared first on CoinCentral.
2020-7-22 18:18 | |
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During the 4th quarter of 2020, Japan’s largest financial firm (MUFG), also the fifth-largest bank in the world will kickstart the launch of its own digital currency, that is if everything goes as planned.
2020-7-16 08:18 | |
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Chinese food delivery and e-commerce giant Meituan Dianping is the latest establishment to trial China’s digital currency electronic payment (DCEP) project; the country’s planned central bank digital currency (CBDC).
2020-7-15 19:00 | |
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England’s premier bank announced Monday it is considering digital currency research and development. The post Bank of England mulls digital currency as Chinese efforts surge appeared first on CryptoSlate.
2020-7-15 10:00 | |
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The digital currency developed by the Chinese central banks and government will certainly be something to behold. It now seems that the first trial run of the currency is underway. It has been rumored for some time now, but China’s national digital currency has finally arrived.
2020-4-22 05:00 | |
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France's central bank is calling for digital currency proposals with an experiment that moves it to the front of Europe's CBDC debate.
2020-3-31 20:10 | |
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Sweden is getting closer and closer to issuing its own central bank digital currency (CBDC), as it already started testing the e-krona. The pilot program for the new digital currency is supposed to last for a year and thus, to end in February 2021.
2020-2-21 23:03 | |
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The government should ensure consumers can use the preferred currency instead of launching a digital currency, according to U.S. think tank the Heritage Foundation
2020-2-13 20:42 | |
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United States banking officials appear to be examining the feasibility of a dollar-based Central Bank Digital Currency (CBDC), a talking point that has been working the rumor mill for some time now.
2020-2-6 13:05 | |
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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.
2020-1-31 17:00 | |
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China’s central bank said on Sunday that it doesn't have a launch date for its sovereign digital currency but will continue with its research and development, as per the local reports. A report in August said the central bank-backed digital currency could be launched as early as November but that is long gone. Last month, […]
2020-1-6 21:59 | |
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PBOC wants to distinguish its own digital currency from rival private initiatives.
2019-12-24 20:22 | |
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The European Central Bank is exploring the potential for a digital currency, which would allow direct injections of liquidity to consumers, said Christine Lagarde, the bank’s new president. Digital Currency Optimism from IMF to ECB In her first hearing before the European Parliament as the head of the ECB, Lagarde continued spreading the message that central banks may adopt a digital currency.
2019-12-3 14:00 | |
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Saudi Arabia and the United Arab Emirates discussed the countries’ plans for an interbank digital currency
2019-11-28 14:01 | |
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Sweden’s Central Bank Governor has outlined a six-step plan on how the state bank can implement its own digital currency. He outlined a checklist that needs to be completed before the idea is fully implemented.
2019-11-22 18:03 | |
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Tunisia has announced the launch of its digital currency, the ‘E-dinar. ’ With this, the tiny North African country claims to be the first country to launch a central bank digital currency (CBDC).
2019-11-10 12:55 | |
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It looks like the Chinese government is going full-throttle on its roadmap to roll out a yuan-pegged digital currency. There’s no official word on a launch date as of yet, but judging by the recent chain of events, it is highly likely that the Chinese Digital Currency or Electronic Payments system (DCEP), will be rolled […] The post China’s DCEP to Be World’s First National Digital Currency, Says CCIE Vice Chairman appeared first on BeInCrypto.
2019-10-29 18:45 | |
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The Bank of Canada (BoC) is thinking about developing a digital currency that would eventually replace fiat money completely, according to local media platform The Logic. Govt-Backed Digital Currency for More Control Bitcoin came out more than a decade ago as a decentralized, peer-to-peer currency system that enabled privacy and bypassed government control.
2019-10-17 15:00 | |
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The Bank of Canada is among the regulatory authorities around the world looking to launch their own digital currency. A recent internal report presented to its Governor, Stephen Poloz, highlighted some benefits that could come with this innovation.
2019-10-16 18:46 | |
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China’s digital currency could become the dominant digital currency if U.S. regulators dismiss Facebook's Libra
2019-10-16 05:08 | |
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.