CBDCs won’t entirely replace cash if the US Fed gets its way
The U.S. does not want cash to go extinct in the presence of a CBDC, according to the Fed’s chairman. Go to Source Powered by WPeMatico
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Bank of Japan governor says CBDC preparation can’t wait until hour of need
In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021. Go to Source Powered by WPeMatico
China’s blockchain ambitions set in stone after mention in national five-year plan
China’s latest five-year plan mentions blockchain technology specifically and signals an increasing focus on the research of emerging technologies. Go to Source Powered by WPeMatico
Bank of Russia to start digital ruble trials in 2022
The Bank of Russia hopes to complete a prototype platform for a digital ruble by the end of 2021. Go to Source Powered by WPeMatico
Chinese banks pilot digital yuan at Shanghai department stores
The Bank of Communications and China Construction Bank conducted digital yuan trials at two major department stores in Shanghai. Go to Source Powered by WPeMatico
South Korean Shinhan Bank pilots digital currency platform with LG CNS
South Korean commercial bank Shinhan Bank has built a digital won pilot platform in collaboration with LG CNS. Go to Source Powered by WPeMatico
Hosting a CBDC? Only one of Bitcoin, Ethereum or XRP can do it, says report
Not all cryptocurrencies have the attributes desired by central banks for hosting CBDCs. Go to Source Powered by WPeMatico
Law Decoded: Closing remarks on the future of crypto law, March 5
The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Go to Source Powered by WPeMatico
Central bank digital currency a mixed blessing, says RBI
The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020–2021. Go to Source Powered by WPeMatico
China’s CBDC is about domestic dominance, not beating the dollar
The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn’t hold up if you look at the facts on the ground. Go to Source Powered by WPeMatico