The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency.

Chancellor of the exchequer Rishi Sunak announced today the launch of new fintech taskforce to “coordinate exploratory work on a potential central...

Bank of England (BoE), the UK’s central bank and the world’s eighth-oldest bank, said it would form a task force to explore the launch of a digital currency, as per an official release today.

The post World’s eight-oldest bank to explore the launch of a digital currency (CBDC) appeared first on CryptoSlate.

The Bank of England and HM Treasury have launched a task force to coordinate the exploration of a central bank digital currency in the UK.

The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K.

The post Bank of England, HM Treasury establish new taskforce to explore digital currency appeared first on The Block.

Table of Contents Rate this post The former governor of the Chinese Central Bank has said that China will look to...

For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu. Bo said Bitcoin and cryptocurrencies should be regarded […]

TL;DR Breakdown China to use CBDC locally after launch China takes CBDC test to more regions Zhou Xiaochuan, a former Governor of the Peoples Bank of China, has said that the China CBDC (Central Bank Digital Currency) would be utilized locally instead of a global use immediately after the currency goes public. According to the […]

China will be looking to make use of their own digital currency domestically rather than globally according to former governor of the central bank, Zhou Xiaochuan.

The post China to Focus on Domestic Use for Digital Currency, Says Former Central Bank Governor appeared first on BeInCrypto.

Central banks are paying very close attention to stablecoins, seeking to control them — and decentralization may be the solution.

The European Central Bank quizzed the public about its digital euro. Half of the respondents think blockchain could deal with counterfeits and resolve technical glitches.