The Bank of France unveils that it will launch 8 different experimental tests for central bank digital currency. The European countries have increased their pace of developing a digital currency to meet…
Category: CBDC (Central Bank Digital Currency)
Online E-commerce Giant of China makes it Possible for Customers to Purchase Items with Digital Currency
As the Chinese cryptocurrency, digital yuan is showing aggressive performance, the e-commerce giants in China have started to give it a warm welcome. As reported by Bloomberg, the second-most prominent e-commerce giant…
Digital Yuan Payments Pilot to be Launched by Chinese Central Bank
Following the successful in-country digital yuan pilots conducted by the Chinese central bank, China is all set to take the pilot cross-borders. To carry out a cross-border pilot, the Chinese central bank…
Chinese Authorities Shut Off Electricity in the Yunnan Province for the Miners of Bitcoin (BTC)
Just recently, the local media groups of China have published reports that are rather concerning for the entire crypto-community. As per the reports, the Chinese authorities have ordered one of the electricity…
A Local Executive from Singapore States that the Country is Exploring Wholesale CBDC
Since the launch of the cryptocurrencies, Singapore has been considered as one of the main hubs for the platform. Many crypto-exchanges and other crypto-related firms have headquartered in Singapore. Now, the time…
China Earmarks Suzhou As Next Destination For Its CBDC Testing
According to reports, Suzhou, located in the eastern Jiangsu province in China, is set to become the next city to sample the Chinese digital yuen. The innovation due to start in December…
Ripple is Planning to Bring in a Director So That It can Work With Central Banks on Digital Currencies
Following the amount of adoption of digital-assets in the real-time world, currencies such as Ripple (XRP) have started trying their luck now. Just recently, Ripple (XRP) announced that it was planning to…
The Central Bank of the Philippines Considers itself Not Ready to Launch Central Bank Digital Currencies (CBDC)
In the current times, the Philippines has started emerging as a state that is more than interested in adopting crypto-blockchain technology. However, the recent announcement made by the governor of the Philippines’…
Privacy should be a First Step in the Development of a CBDC, says Research Director at Boston Fed
The question of privacy remains a very big question in the creation of a central bank digital currency. According to Robert Bench, director of applied research at the Federal Reserve Bank of…
‘The Role of XRP Is Not to Compete With Stablecoin Or CBDC’ Says Ripple’s Senior Director
In an interview conducted by the Japanese cryptocurrencies exchange FXcoin today on August 19, 2020, the Senior Director of Global Operations of the company Ripple Emi Yoshikawa has said that the role…
The Disruptive Potential of Digital Currency Could Risk US Geopolitical Dominance, says JPMorgan
The idea of the digital dollar is still in the air as there seems no preparation to roll out digital currency in the near future. The senior analysts of the US largest…