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The monetary authority is developing a wholesale CBDC separately and earlier; it is looking at prospective retail use cases despite the lack of an “imminent role” for the currency. Go to Source Powered by WPeMatico
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces … Read more
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen “at a proper time.” Go to Source Powered by WPeMatico
The industry didn’t take the document well, as the policymakers’ focus on security and enforcement is all too visible. Go to Source Powered by WPeMatico
The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to focus on e-commerce payments. ECB Collaborates With 5 Companies on Digital Euro The European … Read more
The technical analysis of the 18 CBDC design choices was made across six broad categories — participants, governance, security, transactions, data and adjustments. Go to Source Powered by WPeMatico
In one of three reports released simultaneously Friday, the Treasury Dept. talks cautiously about stablecoins and CBDC in the context of wider payment technology. Go to Source Powered by WPeMatico
CCI CEO Sheila Warren said that there was “a very tight window” to pass the crypto bill given the possible change in leadership following the 2022 Midterm Elections. Go to Source Powered by WPeMatico
A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and evaluate the potential impact on … Read more
From ubiquitous surveillance to negative interest rates, crypto is giving dictators and global corporate leaders new ways to intimidate, oppress and subjugate humanity. Go to Source Powered by WPeMatico
