April 18th, 2025
CBDC News - Page 30
Grayscale Increased Bitcoin Acquisition Rate by 150% After Halving
By Wanguba Muriuki
May 28th, 2020
Kevin Rooke reported that Grayscale Investment had increased its purchase rate of new Bitcoins mined after the halving event by 150%, which demonstrates an increased demand for the cryptocurrency.
Starbucks, McDonald’s, Subway Could Test China’s Central Bank Digital Currency
By Darya Rudz
April 23rd, 2020
It is expected that 19 restaurants and retail shops will take part in trials of China’s central bank digital currency in the Xiong’An district. McDonald’s, Starbucks, Subway, JD Supermarkets are said to be among them.
Central Bank of Netherlands Ready to Play Leading Role in CBDC Development
By Muhaimin Olowoporoku
April 22nd, 2020
The Central Bank of Netherlands, De Nederlandsche Bank (DNB), released a statement stating its position in regards to CBDC. The bank is ready to play a leading role in its development.
China Accelerates Its DCEP Plans, Digital Yuan Likely to Go Live by May in Four Cities
By Bhushan Akolkar
April 17th, 2020
Several local industry reports suggest that China could be all set to introduce its Digital Currency Electronic Payment (DCEP) in the market by May 2020. It will initially test the use of digital currencies among its state employees.
Pilot Test for Digital Yuan with Wallet App to Launch in Four Chinese Cities
By Muhaimin Olowoporoku
April 16th, 2020
The digital yuan app would be available for download in Shenzhen, Chengdu, Suzhou, and Xiongan when the test begins.
China Begins Testing CBDC App via State-Owned Agricultural Bank
By Tolu Ajiboye
April 15th, 2020
China might be close to launching its CBDC as the Agricultural Bank of China has now started testing an official mobile app for the national digital currency.
Central Bank of South Korea Introduces Pilot Program for Testing Digital Won
By Jeff Fawkes
April 6th, 2020
Digital won will pass extensive testing by the Bank of Korea staff. Per the official announcement, the program will last until December 2021.
Former CFTC Chairman Claims It’s Time for Digital Dollar
By Jeff Fawkes
February 23rd, 2020
Christopher Giancarlo, the CFTC former head, says that the U.S. should issue the digital dollar to compete with other CBDCs. Giancarlo claims that the CBDC dollar is not a competitor to Bitcoin, Ethereum, TON or Libra.
Japanese Lawmakers Pushing for Digital Yen to Counter Chinese Digital Yuan
By Steve Muchoki
February 10th, 2020
Japanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system.
U.S. Federal Reserve Considers Issuing Digital Currency, Says Governor Lael Brainard
By Teuta Franjkovic
February 7th, 2020
Lael Brainard’s remarks suggest the Fed’s more openness to digital currencies. The U.S. Federal Reserve is studying the feasibility of issuing a digital currency and the risks associated with that.
China’s Digital Currency Finally Begins to Take Shape, More Details Released
By Adedamola Bada
January 30th, 2020
The moment everyone has been waiting for has finally come. The anticipated digital Renminbi, China’s Central Bank digital currency (CBDC), is back on the news and this time with more details about its operation.
Deutsche Bank Claims Cryptos Won’t Replace Cash But Could Be Mainstream in 2 Years
By Wanguba Muriuki
January 28th, 2020
According to the latest research done by the Deutsche Bank, it is possible that crypto may break into the mainstream financial world in two years as India and China encourage blockchain adoption.
Davos 2020: WEF Calls for U.S. Digital Dollar to Tackle China’s Progress with Digital Yuan
By Tolu Ajiboye
January 24th, 2020
The attendees of the WEF 2020 have actively discussed the concept of a digital dollar and the necessity to match up to China with its digital yuan.
Davos 2020: Facebook’s Libra Is Driving Talks about CBDC in the World
By Adedamola Bada
January 24th, 2020
At the World Economic Forum in Davos, there were a lot of discussions of the role of digital assets and the U.S. dollar in the global economy. Facebook’s Libra has also influenced the direction of the talks.
Ripple-Backed MoneyGram Partners with Lulu Exchange to Expand in Asian-Pacific Region
By Wanguba Muriuki
January 22nd, 2020
MoneyGram has unveiled its strategic partnership with UAE-based Lulu Exchange in a move that will enable it to gain ground in the Oman and Asian-Pacific markets.