Tag: cbdcs

Jul 16 2021

Singapore and France Set To Trial Global Transactions Through CBDCs

Jul 16 2021 Published at Bitcoinist.com under tags  cbdc cbdcs central banks france onyx

Central banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs cross-border applications. CBDC...

Jul 15 2021

Jul 14 2021

Jun 22 2021

Digital Shekel: Israel’s CBDC Project Is Well Underway

Israel is the latest country to admit it’s been working in a Central Bank Digital Currency for a few years now. While giving a conference in the Fair Value Forum, Bank of Israel Deputy Governor Andrew Abir said that the institution he represents already ran a pilot program for the digital shekel. More than that, he confirmed that the Israeli CBDC already exists....

Jun 05 2021

Shanghai to Airdrop Millions in Digital Yuan

Jun 05 2021 Published at Coingape under tags  airdrop cbdcs china digital yuan g7

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality....

Jun 01 2021

May 04 2021

Irish firm Accenture to oversee 5 ‘digital dollar’ pilots in the U.S.

May 04 2021 Published at CryptoSlate under tags  adoption banking cbdcs

The Digital Dollar Project, a non-profit organization co-founded by former Commodity Futures Trading Commission (CTFC) chairman Christopher Giancarlo, plans to launch five pilot programs focused on central bank digital currencies (CBDCs) within the next 12 months, a report by...

Apr 26 2021

PayPay CEO reveals crypto business has grown “multiple-fold,” teases digital dollars

Apr 26 2021 Published at CryptoSlate under tags  adoption cbdcs

In an interview over the weekend, PayPal CEO, Dan Schulman, described how his firm could provide an intermediary service distributing a potential U.S. central bank digital currency (CBDC), should the Federal Reserve Board decide to follow through. Current...

Apr 19 2021

Breaking: Bank of England to explore the launch of a digital currency

Apr 19 2021 Published at CryptoSlate under tags  adoption cbdcs

Bank of England (BoE), the UK’s central bank and the world's eighth-oldest bank, said it would form a task force to explore the launch of a digital currency, as per an official release today. “The Bank of England and HM Treasury have today announced the joint...

Mar 26 2021

6 Chinese banks are testing the upcoming digital yuan (DCEP)

Mar 26 2021 Published at CryptoSlate under tags  cbdcs

Six government-backed banks in China are testing e-wallet services for the upcoming digital yuan, local outlet...

Mar 24 2021

China says ‘fully anonymous’ digital yuan is ‘not feasible’

Mar 24 2021 Published at CryptoSlate under tags  cbdcs stablecoins

The Chinese government is hoping to maximize the privacy settings on the upcoming digital yuan, the state’s native Central Bank Digital Currency (CBDC), a report on local publication SCMP...

Mar 23 2021

CBDCs do not threaten Bitcoin — their success might depend on it

Mar 23 2021 Published at CryptoSlate under tags  btcusd cbdcs guest post

A little less than two years ago, the International Monetary Fund (IMF) published a research paper on the rise of digital money. Much of the text dealt with how Central Banks could mitigate potential risks that digital money and in particular stablecoins posed to the existing system. At the time, the paper’s inclusion of Bitcoin as public money...

Mar 19 2021

US Federal Reserve says digital currencies can ‘coexist’ with cash

Mar 19 2021 Published at CryptoSlate under tags  cbdcs

Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet...

Feb 17 2021

Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas

The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted.

Central Bank Digital Currencies May Drive Cash ‘Shadow Economy’ to Crypto: Reuters

Feb 17 2021 Published at CoinDesk under tags  cbdcs crime policy policy & regulation

"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.

World’s Oldest Central Bank Extends Digital Currency Test Till 2022

Feb 17 2021 Published at CoinDesk under tags  cbdcs e-krona news policy & regulation riksbank

Sweden's Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.

Feb 11 2021

PayPal Wants to Be a CBDC Distributor

Feb 11 2021 Published at CoinDesk under tags  business cbdcs news paypal

The digital currencies could be distributed through PayPal’s digital wallets, the company’s CEO said.

Feb 09 2021

Japan’s Finance Minister Calls on G7 to Discuss CBDCs at Talks Friday

Feb 09 2021 Published at CoinDesk under tags  cbdcs coinflash japan news

Japan’s finance minister Taro Aso suggested on Tuesday that the G7 finance ministers should have discussions over central bank digital currencies (CBDCs) in Friday’s virtual meeting. Read more: G7 Officials Stress Need to Regulate Digital Currencies: US Treasury

Feb 08 2021

Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets

Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.

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