Chinese residents make 20K transactions in digital yuan trial event
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents. Go to Source Powered by WPeMatico
Digital Currency
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Sweden is studying a potential transition to the e-krona CBDC
Sweden is examining risks and consequences of moving its economy to its e-krona digital currency. Go to Source Powered by WPeMatico
Ensuring trust in crypto is tough, but audits and transparency go a long way
Cryptocurrency platforms perform audits to ensure transparency, but it’s not a golden solution to solve all potential trust and security issues. Go to Source Powered by WPeMatico
Digital ruble will undercut bank profits but help businesses: Bank of Russia
Russia’s central bank wants the digital ruble to help businesses by cutting out financial middlemen. Go to Source Powered by WPeMatico
US Representatives Add Digital Currencies to the 2021 Defense Bill
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto the act which is expected to authorize more than $740.5 billion. U.S. … Read more
China’s central bank plans digital yuan pilot for payments to Hong Kong
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong. Go to Source Powered by WPeMatico
Swiss National Bank and BIS complete digital currency proofs-of-concept
The Swiss National Bank and BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. Go to Source Powered by WPeMatico
Multi-utility tokens to enable Web 3.0 by providing more than financial value
The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities. Go to Source Powered by WPeMatico
Hodl or spend? Retailers offer Black Friday deals for those paying with cryptocurrency
As crypto enters the mainstream, major retailers are offering discounts and promotions to get customers to pay using cryptocurrency Go to Source Powered by WPeMatico
Ripple seeks director to engage with central banks on digital currency
Ripple is looking to define its strategy regarding central bank digital currencies. Go to Source Powered by WPeMatico
