April 18th, 2025
CBDC News - Page 32
Facebook’s Libra to Be Tied to Major Fiat Currencies, Except Chinese Yuan
By Bhushan Akolkar
September 10th, 2019
Among the list of fiat currencies released by Facebook, the company has so far exempted the Chinese Yuan as a fiat backing its Libra token.
PBOC’s Crypto Is Being Built Secretly with Restricted Access
By Wanguba Muriuki
September 5th, 2019
A devoted team of the PBOC’s Digital Currency Research Lab is currently setting up its digital currency system in a restricted environment aiming to launch it before Facebook’s Libra enters the market.
Venture Capitalists are Slowly Backing Away from the Crypto and Blockchain Sector
By Tolu Ajiboye
September 3rd, 2019
2019 has not been a bad year for crypto as some assets, including Bitcoin, have seen more than 100% in ROI. However, funding is significantly reduced and venture capitalists seem to be backing off. Why is this happening?
China’s Digital Currency Will Be a Two-Tier System Replasing Cash, Says Binance
By Janis Rijnieks
August 30th, 2019
Binance has come up with a detailed research report about the new People’s Bank of China (PBoC) Central Bank Digital Currency (CBDC). The research reveals that the new currency will be a two-tiered system and is aimed at replacing cash.
Chinese Digital Currency Will Not Be Cryptocurrency After All
By Teuta Franjkovic
August 17th, 2019
China may be about to launch a fiat digital currency, but in all likelihood, PBoC’s currency will only resemble crypto on the surface. It probably won’t use blockchain technology.
Circle CEO to Testify in Senate Hearing on Digital Currencies and Blockchain
By Tolu Ajiboye
July 30th, 2019
The Senate Banking Committee will hear arguments from Circle CEO and Co-founder, Jeremy Allaire on the digital currencies and the blockchain industry. Allaire hopes that a new regulatory framework will be adopted for the sector.
Turkey’s Government Calls On Issuing National Cryptocurrency
By Julia Sakovich
July 11th, 2019
Turkey has revealed its economic roadmap. It has become known that its Central Bank will be working on the development of the country’s national cryptocurrency.
WEF: More Than 40 Central Banks Experimenting With Cryptocurrency
By Teuta Franjkovic
April 4th, 2019
A new report from the World Economic Forum indicates that over 40 banks are considering offering their own blockchain cryptocurrencies.
IMF Head Christine Lagarde Calls For Central Banks Digital Currencies
By Darya Rudz
November 15th, 2018
IMF’s Managing Director called for central banks digital currencies, stating that they could provide financial inclusion, security, and consumer protection, which can not be offered by the private sector.
Thailand’s CBDC: Pursue for Innovative Economy or a Try to Centralize Power?
By Julia Sakovich
August 23rd, 2018
The Bank of Thailand’s is going to finish the first phase of its work on Central Bank Digital Currency (CBDC) early next year.
Canada Backs the Idea of Central Bank-issued Crypto Amid its Potential to Bring Economic Gains
By Bhushan Akolkar
July 27th, 2018
An economic and crypto researcher at the Canada’s central bank says that the existence of CBDCs could provide better flexibility in creating monetary policies.
KIEL Sees the Potential of Central Bank Digital Currency To Bring Stability
By Bhushan Akolkar
June 28th, 2018
The report goes to mention that unlike cryptocurrencies, CBDC’s could ensure financial stability and be used for exchange instead of just mere speculation.
Thailand Launches Project ‘Inthanon’ to Trial Central Bank Digital Currency for Interbank Settlement
By Sofiko Abeslamidze
June 7th, 2018
Governor of Thailand’s Central Bank has announced the ‘Inthanon’ project as part of Thailand’s ongoing research into new applications for blockchain technology.
No Plans for Central Bank Digital Currency, Says Hong Kong Official
By Bhushan Akolkar
June 1st, 2018
The country’s central bank – The Hong Kong Monetary Authority (HKMA) – sees no sense in having its own digital currency given that already existing infrastructure is quite robust and efficient.