Digital euro could take four years, says ECB president Christine Lagarde
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said. Go to Source Powered by WPeMatico
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Digital ruble is ‘highest form of money’, Russian Bitcoin critic says
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted. Go to Source Powered by WPeMatico
Bahamas’ Sand Dollar nears commercial rollout as interoperability completed
Following cybersecurity assessments, commercial institutions are being cleared to issue the world’s first CBDC — the Bahamas’ Sand Dollar. Go to Source Powered by WPeMatico
Survey Shows 77% of Americans Are Concerned About Rising Inflation, Prices for Goods Are Soaring
Since well before the Covid-19 outbreak was found in America, the U.S. Federal Reserve invoked a number of monetary easing policies. Then throughout 2020, the central bank created a quarter of all the USD ever issued in less than 12 months to help the economy during the outbreak. Despite Fed Chair Jerome Powell and other … Read more
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will participate in the process. Beijing and Shanghai Residents Can Apply … Read more
China’s digital yuan os backup to AliPay and WeChat Pay, says official
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. Go to Source Powered by WPeMatico
Jamaica’s central bank taps Irish tech outfit for CBDC project
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May. Go to Source Powered by WPeMatico
German federal bank runs successful blockchain system without a CBDC
Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed. Go to Source Powered by WPeMatico
China’s digital yuan will offer best privacy protection, says official
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs. Go to Source Powered by WPeMatico
Nigeria’s central bank not discouraging people from trading crypto, says governor
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks. Go to Source Powered by WPeMatico