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US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals
14.1.2022
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,”...
Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan
13.1.2022
“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard
Near Raises USD 150M, Pakistan's Central Bank vs. Crypto, Bitstamp's Growth Plan + More News
13.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Near Raises USD 150M, Pakistan's Central Bank vs. Crypto, Bitstamp's Growth Plan + More News
Swiss central bank tests wholesale CBDC with commercial partners
13.1.2022
The Swiss National Bank integrated wholesale CBDC in banking systems with five commercial banks as part of the second phase of Project Helvetia
UK Economic Affairs Committee unconvinced by prospect of retail CBDC
13.1.2022
A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar
BIS Claims a CBDC Interoperability Victory – While US Congressman Bids to Block Digital USD
13.1.2022
The Bank for International Settlements (BIS) says it has made another breakthrough in its central bank digital currency (CBDC) interoperability project – claiming that it has “successfully tested” the integration of wholesale CBDC settlement with commercial banks....
Read More: BIS Claims a CBDC...
US lawmaker proposes bill aimed at limiting Fed's ability to issue CBDC
12.1.2022
Having the Fed require users to open accounts to access the benefits of a digital dollar would put it "on an insidious path akin to China’s digital authoritarianism," according to Tom Emmer
US Fed Chair's Top 3 Crypto-Related Comments in Front of Senate Banking Committee
12.1.2022
The US Federal Reserve (Fed) Chair Jerome Powell discussed the central bank's COVID-19 response and financial stability, among other issues, during his re-nomination testimony on Tuesday in front of the Senate Banking Committee. He also made several comments that may potentially have an impact...
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China
12.1.2022
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch...
Ethereum futures and options data reflects traders’ mixed emotions on $3.2K ETH price
11.1.2022
ETH’s futures markets are slightly bearish, but options traders appear to be interpreting the rally to $3,200 as a bottoming signal
Digital Yuan Ready for International Olympic Showcase at Beijing 2022 Games
11.1.2022
China will allow overseas visitors from around the world to use its digital yuan for the first time at next month’s Winter Olympics, the central People’s Bank of China (PBoC) has confirmed.
The PBoC has been working toward a full or partial rollout in time for the games since 2020, when...
Chinese App Marketplaces Report Massive Growth in Digital Yuan Wallet Downloads
11.1.2022
China is teasing the launch of its digital yuan again, riding a wave of adoption with just weeks to go until the Winter Olympics in Beijing – the event the government hopes will finally allow the central People’s Bank of China (PBoC) to showcase its coin to the world....
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CBDC wallet tops mobile app store charts in China
10.1.2022
The pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores
Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate
9.1.2022
China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to...
CBDCs in 2022: New Trials and Competition with Crypto
8.1.2022
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Central bank digital currencies (CBDCs) were one of the biggest stories of 2021 as far as blockchain and cryptocurrencies were concerned, even if CBDCs don’t necessarily have anything to do with either blockchain or decentralized cryptocurrencies. Because for each new all-time high...
WeChat Pay Interoperability is Another Key Breakthrough for Digital Yuan Pilot
6.1.2022
Payment platform WeChat Pay began its own digital yuan journey, at the time when millions of Chinese citizens are getting their first taste of what life is like with a central bank digital currency (CBDC) – as citizens in some of the country's biggest cities began using a pilot version of a CBDC...
Major payments app WeChat to add support for China's digital yuan
6.1.2022
While WeChat isn't as popular outside of China as WhatsApp, it is ubiquitous on the mainland
Polish Banks Mull CBDC, Cryptoasset Projects
5.1.2022
Poland’s central bank (Narodowy Bank Polski, NBP) and the country’s largest retail bank seem to be accelerating their respective works on developing digital assets - with the former potentially working on a central bank digital currency (CBDC), and the latter possibly moving to launch its...
China’s Digital Yuan Wallet App Now in iOS and Android App Stores
5.1.2022
China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android app stores in the country. Digital Yuan Wallet App Now Downloadable From iOS and Android...
Crypto Investment Flows Mature, CFTC Fines Polymarket, Uniswap's Goal + More News
4.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Investment Flows Mature, CFTC Fines Polymarket, Uniswap's Goal + More News