Tag: cbdc

Apr 15 2021

Powell: Digital Dollar Faces “Subtle and Difficult” Choices

Reading Time: 2 minutes Jerome Powell, head of the Federal Reserve, has warned that many “subtle and difficult” choices exist with regard to a digital dollar Powell added that work was being done to evaluate the theoretical and practical requirements of a U.S. CBDC...

Apr 06 2021

Mark Cuban on Why He Thinks ETH Is a Better Store of Value Than Bitcoin

Apr 06 2021 Published at Unchained Podcast under tags  2021 bitcoin blockchain cbdc crypto

Mark Cuban -- billionaire investor, owner of the Dallas Mavericks, and Shark Tank “shark” -- shares his thoughts on the Ethereum vs. BTC debate, issues with DeFi, and how NFTs could change content distribution. Tune in to hear Mark talk about… why ETH is a better store of value than BTC (1:08)...

Bank of Japan Set to Begin Experimenting with CBDC

Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own central-bank digital currency (CBDC). The central bank first entertained the idea of a CBDC back in February. Now, the decision to ramp up their timeline coincides with other nations making strides in creating their own digital currency. China recently laid out its...

Apr 02 2021

Thailand’s Central Bank to Test Digital Baht by 2021

The regulator is seeking public feedback on a retail CBDC paper by June 15.

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

Apr 02 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

People Bank of China, the Chinese Central Bank believes the rising price of...

Mar 31 2021

BIS Says CBDCs Will Raise the Competition Bar In Payments Industry

Mar 31 2021 Published at Coingape under tags  altcoin news bis bitcoin news btcbrl btcbusd

Bank of International Settlements (BIS), the top governing institution owned by global central banks, shares its views on central bank digital currencies (CBDCs) and how they can raise the competition bar in the digital payments market. In a report accessed by The Globe and Mail on Wednesday, March 31st, BIS said that the inclusion of The post BIS Says CBDCs Will Raise the...

Mar 27 2021

Bank of America Criticizes Bitcoin for Its Supposed Shortcomings

Bank of America analyst Francisco Blanch recently criticized some of of the negatives he sees with Bitcoin, the world’s largest cryptocurrency. He believes Bitcoin cannot function as a haven against inflation, and isn’t a store of value.

Mar 26 2021

China Sets the Stage for Central Bank Digital Currencies, Proposing Global Rules for Nations

China recently proposed a set of global guidelines on central bank digital currencies (CBDC) earlier this Thursday, discussing potential uses and implications of a sovereign digital currency. With the coronavirus pandemic exposing inefficiencies in traditional payment systems, there has been a growing need to digitize legacy financial infrastructure. With the threat of cryptos toppling fiat’s power also looming closer, central...

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Mar 26 2021 Published at Coingape under tags  alipay ant group bank of china cbdc chinese cbdc

Alipay and WeChat Pay the two dominant players in China's online payments marketplace are all set to see tough competition from the country's very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the The post China's CBDC All Set To Eat...

Mar 25 2021

China Offers Global Regulatory Guidelines For CBDC

Mar 25 2021 Published at Coingape under tags  cbdc cbdc regulations china digital yuan news

China has proposed a set of global guidelines on Central Bank Digital...

Mar 22 2021

China’s Digital Currency Project Head Says, “Anonymity Is Not Feasible”

Mar 22 2021 Published at Crypto Briefing under tags  cbdc china digital currency education

The head of China's central bank digital currency (CBDC) research said in a business convention that complete anonymity is impossible. China Firm on "Controllable" Privacy of CBDC Mu Changchun, the Chinese head of the Digital Currency Institute, said that they would follow the policy...

Mar 19 2021

CBDCs Need to Coexist With Cash According to Jerome Powell

Mar 19 2021 Published at Blockonomi under tags  cbdc finance regulation

The United States Federal Reserve Chairman, Jerome Powell, referred to Central Bank Digital Currencies (CBD) by stating they would not replace cash but complement it. The remarks took place at a conference hosted by the Committee on Payments and Market Infrastructures taking in Basel, Switzerland. During the conference, Powell said, “Relevant to today’s topic, one [...] The post CBDCs Need to Coexist With...

Mar 11 2021

Bank of Russia Plans to Pilot Digital Ruble in 2021 End

The prototype will be available to the public, but it will not support real- time transactions.

Mar 10 2021

Shinhan Bank Builds CBDC System with LG CNS Partnership

The system will allow individuals to utilize the issued CBDCs in various ways.

Mar 04 2021

Ripple to Support Central Banks through a Private Version of XRP Ledger

The new version will help central banks in the issuance and management of CBDCs.

Mar 02 2021

Feb 24 2021

Powell: U.S. Looking “Very Carefully” at Digital Dollar

Reading Time: 2 minutes Federal Reserve chairman Jay Powell yesterday said that the Fed was looking “very carefully” at a digital dollar Powell added his backing for the development of a CBDC but added that there was pressure to “get it right” Countries like China are...

Feb 23 2021

Federal Reserve Chair Calls Digital Dollar “High Priority”

Speaking before the Senate Banking Committee on Feb. 23, Federal Reserve chair Jerome Powell said that developing a digital dollar for the United States is a "high priority." Shifting Gears for Digital Dollar In the past, Powell has...

China, UAE’s Central Bank Take on SWIFT With Global CBDC Payment Network

Feb 23 2021 Published at Crypto Briefing under tags  business cbdc china

China and the UAE's central bank have joined a cross-border payment network called the "multiple CBDC (m-CBDC) bridge." Powering Cross-Border CBDC Payments The Digital Currency Institute (DCI) of the People's Bank of China (PBC) and the Central Bank of the United Arab Emirates (CBUAE) have joined m-CBDC, a payment...

Chinese Central Bank, Others to Test CBDC-Based Cross-Border Payments

It is not clear if the central bank consortium will use digital yuan for settlement.

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