Tag: cbdc

Jan 16 2021

ECB President Christine Lagarde Says Bitcoin Needs Regulation

ECB President Christine Lagarde recently said that she considers BTC as a speculative asset that needs to be regulated globally. In her opinion, a lot of »funny business« has been facilitated through Bitcoin, and the asset has also been used to launder money. Lagarde called for a global approach to regulating Bitcoin, something that would be very difficult to achieve.

Jan 15 2021

Crypto Twitter: IMF’s Twitter Poll On Digital Currency Goes Viral, What’s so Special?

Jan 15 2021 Published at Coingape under tags  blockchain news btcbusd btcdai btcgbp btcpax

An interesting twitter poll titled, "Are Digital Currencies Real Money" regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than...

Fed Chairman Believes There Are Unresolved Questions around CBDCs

Jerome Powell said that the central bank will take years before the launch of a digital currency.

Jan 13 2021

Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.

Jan 06 2021

Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps

Jan 06 2021 Published at CoinDesk under tags  alipay cbdc china news regulation

U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent, and Tencent Holdings, […]

Jan 05 2021

Digital Yuan to Get Second Real World Trial in Shenzhen

Reading Time: 2 minutes Residents in Shenzhen, China will have another chance to participate in a digital yuan trial The government is airdropping 20 million yuan ($3 million) between 100,000 residents for a second real world test This second test is a follow up to the...

Central Bank Digital Currencies: How Should Privacy Be Built In?

Jan 05 2021 Published at Unchained Podcast under tags  2021 banks blockchain cbdc crypto

This panel, from a panel for the fifth anniversary of Hyperledger, features Rob Palatnick, managing director of global head of technology research and innovation at the DTCC and chairman of the Hyperledger board, Matthieu Saint Olive, Codefi payments product manager and CBDC advisor at ConsenSys, and Robert Bench, assistant vice president at the Federal Reserve Bank of Boston. In this discussion on the...

Jan 04 2021

Shenzhen Announces 20 Million Digital Yuan Giveaway

The Chinese city announced to give 100,000 packets via a lottery, each worth 200 digital yuan.

Jan 01 2021

Cryptocurrency in 2021 – What to Look Out For

Reading Time: 2 minutes 2020 was the year of Bitcoin, DeFi, and CBDCs Several themes developed as the year went in What will be the key areas to look out for in 2021? 2020 was a crazy year for cryptocurrencies, with...

Dec 31 2020

Crypto in 2020: a Year in Review (Part 4)

Reading Time: 5 minutesThe cryptocurrency market saw of 2020 in the most spectacular way possible - Bitcoin smashed all time highs, institutions poured in by the millions, Ethereum 2.0 launched, and PayPal legitimized cryptocurrency to...

Dec 29 2020

Crypto in 2020: a Year in Review (Part 2)

Reading Time: 5 minutesThe cryptocurrency market during Q2 of 2020 was just as crazy as Q1, if not more so - the coronavirus really kicked in, adding a dose of volatility to...

2020 Highlights: The Biggest New Stories of the Year in Crypto

Dec 29 2020 Published at Unchained Podcast under tags  2020 banks bitcoin blockchain cbdc

Host Laura Shin recaps the biggest stories of the year in crypto, with clips from shows throughout the year. In this episode, we cover how the pandemic drove Bitcoin to new all-time highs, how regulation began to come for the crypto space in a big way, plus new trends in DeFi, corporate structures, and how ETH will change as an asset....

Dec 26 2020

Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor

Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency.

Dec 24 2020

Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

Dec 24 2020 Published at Coingape under tags  btcbrl btcbusd btcgbp btcjpy btcrub

China Construction Bank, one of the largest banks in China has started a new use case for the country's much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports The post Crypto China: Construction Bank in China...

Dec 22 2020

How ‘CBDC’ Became the Financial Watchword of 2020

Reading Time: 2 minutes The term ‘CBDC’ was largely unknown before 2020, but that is no longer the case Governments across the world have been investigating the concept this year, with some even implementing them Facebook’s Libra token and the coronavirus have propelled...

Dec 21 2020

Bank of Russia Chair: Digital Ruble Is No Threat to Banks

Russian banks are concerned the digital ruble might hurt their business, but the Bank of Russia is nonchalant

Dec 16 2020

Fintech Company Launches Platform to Assist in Central Bank Digital Currency Development

Fintech company EMTECH is launching a compliance platform that helps central banks tackle compliance issues or safely test their central bank digital currencies.

Dec 15 2020

The city of Suzhou will host the second major test of the digital yuan

Suzhou, a city in eastern China, is the host for the second major test of the digital yuan. The first big test program was conducted in October in the city of Shenzhen. Suzhou is dispensing virtual red parcels to its residents in this test. According to reports, the government will give out 20 million yuan to Suzhou's citizens through a lottery. Virtual red...

Dec 14 2020

‘We Are Not Like Libra’: China’s CBDC Won’t Aim to Replace International Fiats

"[...] We don’t have an ambition to replace existing currencies," said Zhou Xiaochuan, former PBC governor.

Dec 12 2020

Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.

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