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Bank of England Official: Central Banks May Lose Payments Race to Tech Companies
24.2.2020
The chief cashier of the Bank of England has warned that central banks must act quickly to prevent tech companies from dominating the digital payments sector
China Has Many Strategic Reasons To Invest in Blockchain
24.2.2020
From stopping double-lending in its credit industry to an escape from dollar hegemony, China has every reason in the world to invest in blockchain
Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat
24.2.2020
Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains
JP Morgan: Digital Money Foundation Laid, Blockchain In Banking Years Away
23.2.2020
JP Morgan suggests that blockchain laid the foundations for digital money, but the role of cryptocurrencies is still limited
Sweden’s Central Bank Finally Embraces DLT – But Only in Simulation Mode
21.2.2020
Riksbank's e-krona pilot will run on distributed ledger tech, but the entire project will be operated as only a simulation through at least 2021
G20: Think Tank, Ministers, Central Bankers to Talk Crypto, CBDC Policy
21.2.2020
In December 2019, Saudi Arabia took over the G20 presidency from Japan, becoming the first Arab nation to take over the G20 presidency. The G20 will once again tackle the issue of cryptocurrencies and central bank digital currencies (CBDCs), with an influential think tank, ministers and central...
Sweden Is Testing Its New Central Bank Digital Currency
20.2.2020
Get ready for the e-krona!
China Tracks Victims of Coronavirus with WeChat and Alipay
18.2.2020
Chinese province tracks victims of coronavirus with WeChat and Alipay, does crypto solve this?
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
Not All Central Banks Have an Interest in CBDCs
16.2.2020
A central bank survey reveals cryptocurrency is set to gain 1.6 billion users within 3 years
Cryptocurrency News From Japan: Feb. 9 - Feb. 15 in Review
15.2.2020
This past week’s news from Japan included details on Bitpoint’s massive 2019 deficit, a Japanese politician’s Libra fears and more
Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years
15.2.2020
Japan is worried about the soon-to-be-released Chinese CBDC, as it might disrupt the global economy. Local lawmakers suggest developing a digital yen to counter it
Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says
14.2.2020
After launching the Bahaman digital dollar pilot in December, the Bahamas’ central bank will roll out the initiative across all islands in H2 2020
Conservative U.S. Think Tank Denies Need for Federal Digital Currency
12.2.2020
The government should ensure consumers can use the preferred currency instead of launching a digital currency, according to U.S. think tank the Heritage Foundation
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
12.2.2020
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is...
Central Bank Digital Currencies Are Good for Bitcoin, Barry Silbert Says
11.2.2020
Bitcoin would benefit from global central banks issuing their own digital currencies, founder of Grayscale Investments said
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
10.2.2020
A senior Japanese lawmaker said that the country should release its digital yen in two to three years
Beware! CBDC Has Serious Privacy Implications
9.2.2020
The widespread use of cryptocurrency as an alternative method of payment has led to a growing digital ecosystem over the years. Governments are behind the curve, continuing to wrestle with how to develop effective public policy measures to regulate its use.
The Bank of Canada has been actively...
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
9.2.2020
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018...
Japanese Lawmakers Want US to Place Digital Currencies on G7 Agenda
7.2.2020
In light of China’s forthcoming digital yuan, Japan should push the U.S. to place digital currencies on the G7’s agenda, say local lawmakers