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The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities. Go to Source Powered by WPeMatico
Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real prospect of that changing anytime soon. Instead, he envisions these alternatives becoming … Read more
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology. Go to Source Powered by WPeMatico
The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond. Go to Source Powered by WPeMatico
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. Go to Source Powered by WPeMatico
2021 & 2022 touted to be the most important years for the development of CBDCs Go to Source Powered by WPeMatico
The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan. Go to Source Powered by WPeMatico
Winners of the city’s lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants. Go to Source Powered by WPeMatico
A former PBoC official says that his country has taken a cautious approach with the digital yuan. Go to Source Powered by WPeMatico
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