IMF Official Says Public-Private CBDC Offers Best of Both Worlds
IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. Go to Source Powered by WPeMatico
CBDC
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Russia’s Biggest Bank is Buying 5000 Blockchain ATMs That Can Mine Crypto
Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs … that are capable of mining cryptocurrency. Go to Source Powered by WPeMatico
Central Bank Digital Currencies Are Not a Replacement for Bitcoin: Grayscale
Leading Bitcoin fund manager Grayscale Investments explains in its recent report that viewing CBDC as a Bitcoin replacement is incorrect. Go to Source Powered by WPeMatico
Digital Yuan Has No Launch Date, Bank of China Stresses Amid Rumors of Looming Rollout
People’s Bank of China clarified that there is still “no timetable” on a formal digital yuan launch, despite the ongoing pilot project. Go to Source Powered by WPeMatico
JP Morgan: CBDC Threatens Hegemony of US Dollar
JPMorgan warns that control over trade finance and cross-border payment mechanisms is slipping from the U.S. amid the growth of digital currencies Go to Source Powered by WPeMatico
Token Impersonates Chinese Digital Yuan as Official Launch Date Remains Unknown
Third-party actors step in to impersonate the digital yuan officials, hoping to attract gullible investors Go to Source Powered by WPeMatico
Digital Euro Sees First Successful Test at the Bank of France
The French central bank has announced the first successful test of a digital euro. Go to Source Powered by WPeMatico
Chinese Communist Party Adds Crypto to Curriculum
Chinese Communist Party school publishes a new book on crypto. Go to Source Powered by WPeMatico
CBDCs & StableCoins: Eliminating Volatiliy in a Centralized or Decentralized Crypto World
Central banks around the world are looking to explore the concept of virtual currency, Often referred to as central bank digital currencies, or CBDCs, this form of money poses its own set of challenges to overcome. As society gravitates toward more modern technologies, products, and services, the financial industry will need to follow suit. For … Read more
Advances in Blockchain Drives Banks Toward Digital Currencies, Says Bank of Korea
Advances in payment settlements and decentralized ledger technology are driving central banks to consider digital currencies, according to a recent Bank of Korea report. Go to Source Powered by WPeMatico
