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China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local … Read more
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.” Go to Source Powered by WPeMatico
Beijing residents should apply to participate in the lottery until midnight on June 7. Go to Source Powered by WPeMatico
Riksbank Governor Stefan Ingves says there’s “good reason to believe” that more regulatory oversight of cryptocurrencies is in the pipeline. Go to Source Powered by WPeMatico
Chinese “crypto dad” and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government. Go to Source Powered by WPeMatico
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners. Riksbank to Work With Handelsbanken and Tietoevry to Test … Read more
Sweden will trial its CBDC with a live banking participant. The experimentation will involve participation between Riksbank and Handelsbanken, a retail bank chain based in Sweden. Go to Source Powered by WPeMatico
Though Danmarks Nationalbank’s governor seems tempted to ignore cryptocurrencies, other banks in the country continue to launch new services based on crypto. Go to Source Powered by WPeMatico
55% of survey respondents said that they were aware of crypto despite never owning or using cryptocurrencies. Go to Source Powered by WPeMatico
Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency. Go to Source Powered by WPeMatico
