China will expand CBDC trials to most populous province: Report
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
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White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19
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
ECB Chooses Amazon and 4 Other Companies to Help Develop Digital Euro
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
White House OSTP department analyzes 18 CBDC design choices for the US
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
US Treasury report encourages instant payment, recommends more CBDC research
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
Crypto bill needs clarification on ‘digital commodity’ — Sheila Warren
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
Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology
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
Cryptocurrency is picking up as an instrument for tyranny
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
Central Bank of China Calls for Increasing Use of Digital Yuan
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers. China’s Central Bank Insists on Expanding Digital Yuan Environment The monetary policy regulator of … Read more
Norwegian central bank uses Ethereum to build national digital currency
The prototype infrastructure for Norway’s central bank digital currency is based on Ethereum, the Norges Bank officially stated. Go to Source Powered by WPeMatico