The People’s Bank of China has said that the interest in the innovative initiative is surging, but bitcoin could also have a vital role in that. In a recent interview, Wang Xin, a research bureau director at PBoC, noted that the Chinese population is increasingly more interested in the digital yuan, and “everyone is paying close […]
Germany’s federal bank Deutsche Bundesbank has successfully tested a blockchain-based settlement interface for electronic securities. The test bridges the gap between mainstream finance and blockchain technology without relying on a central bank digital currency (CBDC). Developed in partnership with Deutsche Börse Group and the German Finance Agency, the test demonstrates that the platform relies on two software […]
Reserve banks across the globe are increasingly focusing on developing or at least considering central bank digital currencies (CBDCs). They’re also looking into...
TL;DR Breakdown Thailand set to launch CBDC. Why the country wants a CBDC. Thailand’s central bank has announced plans to begin working on a Central Bank Digital Currency (CBDC) and how it would start test on the digital currency in 2022. The bank announced a press release on Friday as they asked residents of the […]
The European Central Bank (ECB) could soon take the first step toward launching a digital version of the euro. In a new interview with Bloomberg TV, Lagarde says the ECB’s decision-making Governing Council will determine whether to move forward with development in mid-2021. If a decision to move forward is reached, Lagarde says she expects […]
Thailand’s digital currency project is progressing swiftly and the Bank of Thailand, the country’s central bank, is readying to start pilot tests in the second quarter of 2022. Thailand’s CBDC will be retail; meaning it will be for use by the general public. The bank said in a press release on Friday that it will […]
China’s central bank, the People’s Bank of China (PBOC) has stated there is increased interest in its upcoming central bank digital currency (CBDC) project, and this could be partly due to the recent surge in bitcoin price. Bitcoin Possibly Responsible for Digital Yuan Interest According to CNBC on Friday (April, 2, 2021), Wang Xin, theRead More
A few days ago, the Eastern Caribbean Central Bank launched DCash which is a central bank digital currency and the latest version of the country’s dollar. It will also be the official currency for eight Caribbean nations after it partnered with fintech provider Bitt to oversee infrastructure and operation of the currency so let’s read […]