CBDC

Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain

Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb. 23. Dubbed the Multiple Central Bank Digital Currency Bridge — or m-CBDC — the project sees the Hong Kong Monetary Authority, the Bank of Thailand, the Central Bank of the United …

Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain Read More »

Ant-backed MYbank to help China expand digital yuan trial

China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb. 22 Bloomberg report, MYbank and WeBank will help the People’s Bank of China extend its user exposure in the ongoing pilots of its central bank digital currency, the digital …

Ant-backed MYbank to help China expand digital yuan trial Read More »

Former BoE, BoC governor Mark Carney joins Stripe board of directors

After paving the way for digital currency innovation at the Bank of England, or BoE, Mark Carney has officially joined the board of directors at Stripe — a company that’s committed to building new commerce solutions for the internet.  Stripe introduced Carney as board member on Sunday, where he joins Christa Davies, Diane Greene, Jonathan …

Former BoE, BoC governor Mark Carney joins Stripe board of directors Read More »

Sweden extends digital krona digital currency pilot until 2022

Sweden’s central bank has extended an ongoing pilot aimed at creating a digital version of the Swedish krona until 2022, as was recently announced by the nation’s Riksbank. In combination with professional services firm Accenture, the “e-krona” pilot program was created to address what the Riksbank sees as “the marginalization of cash”: “The Riksbank sees …

Sweden extends digital krona digital currency pilot until 2022 Read More »

Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year

<div class=”featured_image_container”> </div> <strong>China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency.</strong> 50,000 People to Receive Free Digital Yuan China is …

Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year Read More »

A turn for the worse? India’s crypto plan unsettling to local industry

The Indian Crypto community has been involved in discussions with the government about how it should perceive cryptocurrencies and blockchain technology before finding ways to regulate the industry ever since the government placed a now-defunct blanket ban on banks servicing crypto firms in April 2018.  In the latest update, on Jan. 29, the government revealed …

A turn for the worse? India’s crypto plan unsettling to local industry Read More »

Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS

Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements. In its latest survey of CBDC development, the BIS shows that central banks representing roughly a fifth of the world’s …

Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS Read More »

Indian Central Bank Sees Cryptocurrencies Gaining Popularity, Exploring Digital Rupee

<div class=”featured_image_container”> </div> <strong>India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and confirmed that it is exploring the need for a central bank digital currency.</strong> RBI Says Crypto Has …

Indian Central Bank Sees Cryptocurrencies Gaining Popularity, Exploring Digital Rupee Read More »

Bank of England Governor Insists Digital Payments (But Not Crypto) Is Sticking Around

Bank of England Governor Andrew Bailey held the central banker’s line against cryptocurrency proliferation at the Davos conference Monday. At the same time, Bailey, a panelist for Davos’ digital currency talk, stressed that digital innovation in payments is here to stay. It’s just a matter of finding the right design and governance model for a …

Bank of England Governor Insists Digital Payments (But Not Crypto) Is Sticking Around Read More »

Cryptocurrency makes World Economic Forum’s Davos Agenda

The World Economic Forum’s upcoming Davos Agenda will feature two separate sessions on cryptocurrency, offering another compelling sign that digital assets have permeated mainstream consciousness.  The sessions, titled Resetting Digital Currencies, will be held on Monday and Thursday. The first session will feature five public speakers, including Bank of England Governor Andrew Bailey and Hikmet …

Cryptocurrency makes World Economic Forum’s Davos Agenda Read More »