Ant Group highlights private sector’s role in developing digital yuan
Major tech and commerce firms have been instrumental in helping China’s central bank develop the digital yuan. Go to Source Powered by WPeMatico
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Demand for PayPal’s crypto offering exceeded all expectations, CEO says
In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal’s CEO predicted. Go to Source Powered by WPeMatico
Decentralization is the final frontier for CBDCs
Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts. Go to Source Powered by WPeMatico
Norway to start digital currency tests after four years of research
The Norwegian central bank aims to find a preferred CBDC solution through new technical tests. Go to Source Powered by WPeMatico
China’s digital yuan could be a fatal blow for Macau casino junkets
Macau’s casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan. Go to Source Powered by WPeMatico
Expert explains why Britain needs a digital pound
One of the contributors to the Bank of England’s preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom. Go to Source Powered by WPeMatico
Bahamas ranked first for retail CBDC development, according to PwC
Countries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report. Go to Source Powered by WPeMatico
China aims to let foreigners use digital yuan at Winter Olympics in 2022
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022. Go to Source Powered by WPeMatico
You can’t talk about blockchain and not bring up CBDCs and stablecoins
Economies are currently experiencing the development of brand new ideas around CBDCs, stablecoins or private digital currencies. Go to Source Powered by WPeMatico
Nigeria’s SEC says central bank’s crypto ban disrupted the market
The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets. Go to Source Powered by WPeMatico