April 18th, 2025
CBDC News - Page 31
Bank of England and Five Other Central Banks to Assess Benefits of CBDC
By Teuta Franjkovic
January 22nd, 2020
The group of the biggest world’s banks led by the Bank of England will investigate the economic benefits of a central bank digital currency (CBDC).
Reserve Bank of Australia Considers Ultimate Ethereum-Based Crypto
By Jeff Fawkes
January 10th, 2020
The Australian Central Bank has its own blockchain lab since 2018, where they test Ethereum-based private blockchain. The platform securely emulates the Central Bank and commercial banks conducting transactions with each other.
Russian Central Bank Tests New Kinds of Stablecoins
By Christopher Hamman
December 27th, 2019
The Russian Central Bank is working with corporate entities in implementing its digital currency – stablecoins backed by real assets.
Central Bank of Bahamas Launches Digital Currency Today
By Tolu Ajiboye
December 27th, 2019
The central bank of the Bahamas is set to launch a pilot of its digital currency. It is however not a stablecoin and will not replace fiat.
Welcoming 2020: 5 Wild Predictions Impacting the Global Economy
By Bhushan Akolkar
December 25th, 2019
With the fears of the global economic recession hovering around, big organizations and governments have a key decision-making-role to set the tune ahead. Here are the five wild predictions across industries which can decide the future course of the global economy in 2020.
Tencent Sets Eyes on Digital Currency Research Group
By Wanguba Muriuki
December 24th, 2019
Tencent is going to create a digital currency research group to support the development of a digital payment sector by using blockchain technology.
China Won’t Be Banning Bitcoin Mining Activities in the Country
By Bhushan Akolkar
November 6th, 2019
Great news for cryptocurrency miners as they can now leverage China’s abundant supply of cheap and affordable hydroelectric power for Bitcoin mining activities.
China Not Facebook Is Likely to Be the First to Launch Digital Currency and Roll Out DCEP
By Tolu Ajiboye
October 29th, 2019
A Chinese financial expert said that China will be the first country to properly float a digital currency, adding that Facebook’s Libra efforts will fail.
China’s President Xi Jinping Seeks Blockchain Industry Domination
By Bhushan Akolkar
October 25th, 2019
In a move to dominate the industry, Chinese president Xi Jinping has urged the country to accelerate the adoption of blockchain.
Facebook’s Libra Head David Marcus Cautions US on China’s Win if Libra Fails
By Bhushan Akolkar
October 23rd, 2019
David Marcus hinted that the U.S. will lose its leverage in controlling the global money supply to China if Facebook’s Libra is derailed.
Fed Official Confirms that the U.S. Central Bank Is Actively Considering Digital Dollar
By Bhushan Akolkar
October 17th, 2019
The Fed official says that if the U.S. has to keep its dominant position in global commerce, it needs to consider having a digital dollar that can be easily adopted.
China Poised to Relegate the US Dollar, Says Ripple CEO
By Adedamola Bada
October 10th, 2019
China has increased speed on its CBDC project, which is now a source of worry to critics who wonder what the project will mean for the U.S. Dollar. Ripple CEO is sure: the US is falling behind China on crypto innovation.
Chinese Fintech Stock is Rising in Anticipation of PBoC’s Digital Currency
By Tolu Ajiboye
September 27th, 2019
China’s fintech stocks are starting to soar ahead of the expected launch if its CBDC. This is driven by the possibility that the digital currency will provide a need for security and payment services.
China’s Digital Currency and Libra to Bring Significant Benefits for Financial Inclusion and Blockchain Tech
By Tolu Ajiboye
September 12th, 2019
Both Facebook and the People’s Bank of China, have announced their digital currencies and are looking to release them to the public as soon possible. What does this mean for financial inclusion and the global blockchain industry?
Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto Competition
By Bhushan Akolkar
September 11th, 2019
Circle CEO Jeremy Allaire said that China’s research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system.