Digital ruble will undercut bank profits but help businesses: Bank of Russia
Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Go to Source Powered by WPeMatico
CBDC
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China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online retailers. $3 Million in Digital Yuan Giveaway The Chinese city … Read more
China’s central bank plans digital yuan pilot for payments to Hong Kong
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong. Go to Source Powered by WPeMatico
Swiss National Bank and BIS complete digital currency proofs-of-concept
The Swiss National Bank and BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. Go to Source Powered by WPeMatico
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. Go to Source Powered by WPeMatico
Audio streaming giant Spotify is looking into crypto payments
Is Spotify hinting at soon-to-come crypto features? Go to Source Powered by WPeMatico
Canada could launch CBDC sooner than expected, central bank exec says
COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected. Go to Source Powered by WPeMatico
Chinese State-Run Media Believe BTC Price Surge Is Just ‘Hype’ While Praising Blockchain
Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that the recent rally in BTC prices has no clear explanation. … Read more
‘If the water’s too clean there’ll be no fish’: China’s CBDC may hurt Macau’s casinos
Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan. Go to Source Powered by WPeMatico
Russian central bank opposes ruble-pegged stablecoins
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Go to Source Powered by WPeMatico