State Street's new division will allow the company to expand into cryptocurrencies, tokenization, CBDCs, and blockchain.

The post State Street Expands Into Crypto and Tokenization appeared first on BeInCrypto.

Andrew Bailey, the Governor of the Bank of England (BoE), stated that he was pleased that central banks have begun to embrace the idea of CBDCs. “If this comes to pass, it will be one of the most fundamental innovations in the history of central banking,” he said. “It will move us into a new […]

Read full post Bank of England’s Governor believes CBDCs will bring a new era of banking. on Chaintimes.com.

Speaking at the launch of the Bank for International Settlements’ London location, Andrew Bailey expressed his optimism concerning central bank digital currencies...

An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed, an IT specialist at theRead More

The People’s Bank of China (PBoC) announced today that the digital yuan wallet will be inclusive for all to use.

The post Digital Yuan to Be Stored in Physical and Digital Wallets, Official Says appeared first on BeInCrypto.

In a move to test its state-owned CBDC dubbed e-CNY, China has given away digital red envelopes embodying its prototype CBDC in Beijing and Shanghai to test the digital yuan (e-CNY). Reportedly, the Winter Olympics (WO) vendors will also allow e-CNY for payments.

China’s digital yuan wallets are designed to ensure everyone can use them and in different formats, according to Mu Changchun, director-general of the central bank’s Digital Currency Research Institute. The e-yuan can be stored in various kinds of wallets, including physical or digital, and personal or public ones, Mu said Friday at the Lujiazui Forum […]

On Thursday, June 10, the Central Bank of Nigeria (CBN) announced that it preparing for the launch of the central bank digital currency (CBDC) aka Digital Naira and that should happen before the end of 2021. Rukayat Mohammed, the Director of Information Technology (IT) for the CBN made this disclosure yesterday in a virtual briefing

The post Central Bank of Nigeria (CBN) Plans For a CBDC Launch By the End of 2021 appeared first on Coingape.

The U.S. Senate on Wednesday conducted a hearing related to a possible rollout of a Central Bank Digital Currency (CBDC), urged on by...

While the CBDC testing process commences, the statement also makes clear that the experiment does not suggest either the French or Swiss Central banks will publicly release a CBDC anytime soon.

The post French, Swiss central banks to experiment with CBDCs for cross-border payments appeared first on The Block.

The cryptocurrency industry in Ukraine seems to be heading south after the National Bank of Ukraine (NBU) came out to warn the citizens about the risks associated with this nascent digital asset.

By John Revill and Marc Jones ZURICH/LONDON (Reuters) - The Swiss National Bank and the Bank of France will trial Europe's first cross-border...