Report: No Bank Account Needed to Transfer China’s Upcoming CBDC
The upcoming China CBDC will be available to users without bank accounts, says Binance Research Go to Source Powered by WPeMatico
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Central Banks Worldwide Testing Their Own Digital Currencies
Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also … Read more
Can Central Bank Digital Currencies Be Used to Fight Financial Crimes?
Central bank-issued digital currencies could have a great advantage in combating the shadow economy and illegal activities, and they could be a viable alternative to digital currencies like Libra Go to Source Powered by WPeMatico
CBDCs of the World: The Benefits and Drawbacks of National Cryptos, According to Different Jurisdictions
State-backed digital currencies are widely discussed among many countries worldwide, from China to Tunisia. Here are some major examples of CBDCs from different parts of the world Go to Source Powered by WPeMatico
IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight
Governors of central banks and IMF experts remain suspicious of open blockchains Go to Source Powered by WPeMatico
Japan’s Central Bank Examines Central Bank Digital Currencies in New Report
In a recent report, Japan’s central bank examines the effect of central bank digital currencies Go to Source Powered by WPeMatico
Central Bank Digital Currencies Are a Trojan Horse for Bitcoin
Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption. Also read: Mobile Gifting Platform Swych Announces Cryptocurrency Support CBDCs Are the Best … Read more
South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity
South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a … Read more
Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies
The Bank of International Settlements (BIS) has published a survey showing that most central central banks are “proceeding cautiously” on issuing their own digital currencies. Only a handful are planning to do so in the near future, it said. Also read: Coinflex Exchange to Offer Leveraged BCH and BTC Futures 70 Percent of Central Banks Working … Read more
Regulations Roundup: Cryptocurrency Campaign Donations, US Judge Warns Malaysians
In recent regulatory news, a report by the Center for Public Integrity has explored the potential for cryptocurrency donations to obfuscate politicians’ sources of funding, a U.S. judge has urged the Malaysian public to exercise due diligence when considering seeking exposure to cryptocurrencies, and a report conducted by IBM Blockchain and the Official Monetary and … Read more
