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Regulator interest is good for the crypto ecosystem, says BlockFi CEO
11.6.2021
Regulatory clarity enables crypto companies to continue to innovate, Zac Prince says
Nigeria's central bank plans CBDC pilot launch before the end of 2021
11.6.2021
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions
BIS joins France and Switzerland's central banks on cross-border CBDC project
10.6.2021
The central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies
Elizabeth Warren compares 'bogus' crypto to 'legitimate' CBDCs in senate hearing
10.6.2021
"The threats posed by crypto show that congress and federal regulators can't continue to hide out, hoping crypto will go away," said the Massachusetts senator
Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials
9.6.2021
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong...
Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System
9.6.2021
Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create...
Hong Kong includes central bank digital currency in fintech strategy
8.6.2021
Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts
BoE tackles ‘difficult and pertinent’ questions about digital money
7.6.2021
The Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency
Shanghai to Hand Out $3 Million in Digital Yuan Lottery
6.6.2021
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere...
Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’
5.6.2021
Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty”...
Ghana gearing for central bank digital currency pilot
4.6.2021
Ghana is striving to become the first African nation to float a central bank digital currency
ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
4.6.2021
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect...
The CBDC promised land: As some governments falter, others press on
3.6.2021
Regulatory hurdles and the economic impact of the pandemic have derailed some CBDC projects, but not all hope is lost
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
ECB says digital euro may be needed to combat 'artificial currencies'
3.6.2021
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.”
China to hand out $6.2M in new digital yuan trial in Beijing
2.6.2021
Beijing residents should apply to participate in the lottery until midnight on June 7
Bitcoin's rising popularity will lead to more regulation, says Riksbank
1.6.2021
Riksbank Governor Stefan Ingves says there's “good reason to believe” that more regulatory oversight of cryptocurrencies is in the pipeline
Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive
31.5.2021
Chinese "crypto dad" and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government
Central Bank of Brazil Issues Guidelines for Its CBDC
31.5.2021
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document...
Digital Yuan Architect: 'Imagine a CBDC on Ethereum or Diem'
31.5.2021
Source: Adobe/H_Ko
One of the chief architects of the Chinese digital yuan has discussed a possibility that the central bank digital currencies (CBDCs) could operate on networks such as Ethereum (ETH) or the yet-to-be-released Facebook-masterminded blockchain platform Diem (formerly Libra) as part...