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China Takes Another Step Away From USD Hegemony
1.1.2020
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro...
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
31.12.2019
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized...
What Is a Cryptocurrency? We Need Clearer Definitions
31.12.2019
In the wake of Libra and CBDCs, we need better definitions for what is and isn't a cryptocurrency
South Korea Forms Task Force for Central Bank Digital Currency Research
27.12.2019
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020
Bahamas Central Bank Will Pilot Digital Currency Starting December 27
26.12.2019
The Bahamas is planning to pilot a digital version of the Bahamian dollar in the Exuma district starting December 27
China Issuing Bonds on Blockchain Is a Sign of What’s to Come
24.12.2019
No country has a stiffer policy on blockchain than China, so the country’s latest issuance of bonds on its decentralized system raises eyebrows
Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official
23.12.2019
PBOC wants to distinguish its own digital currency from rival private initiatives
A possible privacy CBDC
23.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 18 December, 2019 “Never assume the obvious is true.” - William Safire In today's newsletter, we will be covering: Stanford University funding blockchain startup touted as the 'Microsoft for blockchain' ECB believes that a private payment...
PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
23.12.2019
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket...
European Central Bank’s CBDC Borrows Bitcoin’s Pseudo-Anonymity
20.12.2019
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans...
Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
19.12.2019
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank...
A possible privacy CBDC
18.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 18 December, 2019 “Never assume the obvious is true.” - William Safire In today's newsletter, we will be covering: Stanford University funding blockchain startup touted as the 'Microsoft for blockchain' ECB believes that a...
‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report
17.12.2019
Europe's central bankers have developed an "anonymity voucher" to give prospective CBDC users limited privacy in their retail transactions
Private Payment System for Central Bank Digital Currency Possible, Says ECB
17.12.2019
New research from the European central bank claims that a central bank digital currency system that protects user privacy is possible
Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’
13.12.2019
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring...
China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan
12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...
Central Bank 'Parental Controls' Obsolete for Crypto: Bank of Lithuania
11.12.2019
Lithuania’s central bank suggested that banks should face the perceived risks of digital currencies and join the digital asset space to preserve control
Ghana Joins the Bandwagon — Plans for CBDC, Still Wary of Crypto
7.12.2019
Ghana’s financial institutions and regulators remain apathetic to crypto despite plans to test a pilot central bank digital currency in 2020
Bank for International Settlements Exec Shows New Fondness for CBDCs
6.12.2019
A long-skeptical exec at the Bank for International Settlements now says that CBDCs could open up new possibilities
Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years
6.12.2019
U.S. Treasury Secretary Steven Mnuchin says he and the Federal Reserve chairman see no need for the country to issue a digital dollar