Countries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report.

The United Kingdom (UK) has inaugurated a task force saddled with the responsibility of exploring the wholesale use of a central bank digital currency (CBDC). [...]

Table of Contents Rate this post Coinbase CEO Brian Armstrong sold approximately $292 million in shares on the first day of...

Professional services firm PwC has given the Bahaman Central Bank Digital Currency (CBDC) the highest rank in a new report. The Caribbean island tops even China’s digital yuan, which is widely thought to be the most progressed CBDC. The report notes that over 60 countries are examining the use of CBDCs, which are essentially just … Continued

The post Bahamas Ranks First in CBDCs, China’s Digital Yuan Third: PwC Report appeared first on BeInCrypto.

TL;DR Breakdown The UK government is set to research a potential CBDC, together with the Bank of England. An exploratory taskforce for CBDC is being launched between BoW and the UK Treasury The United Kingdom has become the latest developed nation to announce interest in exploring a potential central bank digital currency, which might be […]

Almost 90% of central banks developing CBDCs are using blockchain technology but the majority are nowhere near launching the end product.

China is planning to trial the digital yuan with foreign athletes and visitors during the Beijing Winter Olympics in 2022. Digital Yuan For Foreign Use [...]

As UK Fintech week kicks off today, Rishi Sunak, Chancellor of the Exchequer addressed members of the industry outlining proposals designed to “enhance...

One thing that has become very prominent on the global stage is the creation of Central Bank Digital Currencies (CBDCs) by various world powers. China, Canada, the Bahamas, the British Virgin Islands, and France are all at various stages of development and deployment of their own CBDCs. These days, the creation of a CBDC seems […]

The central bank assured that the CBDC will not affect the existing monetary system.

The Bank of England and HM Treasury have jointly announced the creation of a task force to explore a central bank digital currency...