ECB leader floats 3K threshold for digital euro holdings
The central bank said it will reach a decision on releasing a digital euro “towards the middle of 2021.” Go to Source Powered by WPeMatico
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Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year
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 releases final anti-monopoly rules targeting major tech and payments firms
China’s market regulator finalizes rules that have been three months in the making. Go to Source Powered by WPeMatico
A turn for the worse? India’s crypto plan unsettling to local industry
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
Bank of Korea publishes book on central bank digital currency’s legal issues
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
Hardware wallet for digital yuan debuts in Xiong’an New Area
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection. Go to Source Powered by WPeMatico
Interoperability will determine CBDC winners and losers
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
US Federal Reserve Seeking Manager to Research CBDCs and Stablecoins
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
Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS
Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements. Go to Source Powered by WPeMatico
Indian Central Bank Sees Cryptocurrencies Gaining Popularity, Exploring Digital Rupee
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