Auto Added by WPeMatico
China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. Digital Yuan Push Could Raise Demand for Crypto Boris Schlossberg, managing director of FX Strategy for BK Asset Management, said […]Powered by WPeMatico
“Irrespective of the conclusion we ultimately reach, we expect to play a leading role in developing international standards for CBDCs,” said the Fed chair.
Powered by WPeMatico
China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app.
Powered by WPeMatico
The Republic of Georgia’s central bank has invited fintech firms and others to participate in the CBDC project.
Powered by WPeMatico
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, […]Powered by WPeMatico
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims […]Powered by WPeMatico
Chinese e-commerce company JD.com has upped its support for the country’s central bank digital currency.
Powered by WPeMatico
Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the […]Powered by WPeMatico
Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central Bank-Issued Digital Currency Central bank digital currencies (CBDCs) have been popping […]Powered by WPeMatico
The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency.
Powered by WPeMatico