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China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency. 50,000 People to Receive Free Digital Yuan China is actively testing its … Read more
China’s market regulator finalizes rules that have been three months in the making. Go to Source Powered by WPeMatico
The Indian crypto industry sees a brief panic over the government’s plans to ban “private cryptocurrencies” and explore the need for a CBDC. Go to Source Powered by WPeMatico
South Korea’s central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. Go to Source Powered by WPeMatico
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection. Go to Source Powered by WPeMatico
To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage. Go to Source Powered by WPeMatico
The U.S. Federal Reserve (Fed) has posted a job advertisement that seeks to hire a role related to stablecoins and central bank digital currencies (CBDC). The Fed is looking for a research manager to join its team to assess the “benefits and risks” of digital assets. The Role Is Part of the Fed’s Digital Innovation … Read more
Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements. Go to Source Powered by WPeMatico
India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and confirmed that it is exploring the need for a central bank digital currency. RBI Says Crypto Has Gained Popularity, Exploring … Read more
Sessions devoted to “resetting digital currencies” are scheduled at this week’s Davos Agenda. Go to Source Powered by WPeMatico
