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Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency
10.10.2020
A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage of the new government-backed digital currency. Chinese City Giving...
U.S. Vs. China: who will win the digital currency war?
9.10.2020
The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB
Non-committal CBDC Report Highlights BIS, Central Banks’ Indecision
9.10.2020
The Bank for International Settlements (BIS) and a group of leading-economy central banks has issued a report outlining what they believe the key principles of a central bank digital currency (CBDC) should be – but yet again went to great pains to sit on the fence when it comes to the matter...
Venture Capitalist Tim Draper Bets Big on Indian Crypto Exchange, Undeterred by Crypto Ban Reports
9.10.2020
American entrepreneur and venture capitalist Tim Draper has invested in Indian cryptocurrency exchange Unocoin despite regulatory uncertainty and reports of a possible crypto ban in India. Unocoin has seen the number of new users grow 10-fold since the supreme court quashed the banking restriction...
China’s Central Bank, Major City to Hand Out $1.5M in Digital Yuan
9.10.2020
A local report suggests the pilot is an indication that the digital yuan is close to being launched
Fed Reserve and 6 Other Central Banks Set Out Core Digital Currency Principles
9.10.2020
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies
Shenzhen to hand out 10 million digital yuan in currency giveaway
9.10.2020
China is promoting its central bank digital currency with a public $1.5 million giveaway
Dutch Central Bank Gives First Approval to Digital Asset Exchange
9.10.2020
AMDAX has become the first to register with Holland's central bank under recently implemented EU anti-money laundering regulations
Central banks detail CBDC expectations in massive joint document
9.10.2020
The report is a major step towards pushing central bank digital currencies forward
Dutch central bank approves first crypto service under AMLD5 regulations
9.10.2020
The Netherlands has imposed tight regulations related to EU anti-money laundering laws
Report: Bitcoin Surges With Rising Real Interest Rates and Economic Stimulus While Gold Performs Better With Rising Inflation
8.10.2020
A new report by Bitstamp and Bytetree says bitcoin responds better to the rising money supply, rising real interest rates and a strong economy. This is in contrast to gold which appears to perform better when real interest rates are falling while inflation is rising. To support these findings,...
China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far
8.10.2020
China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than 122,000 digital wallets have been created....
Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow
7.10.2020
The bank is shutting down the SWIFT network as protests rocked the country
Bank of Korea digital won pilot moving to distribution phase next year
7.10.2020
The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch
South Korean Central Bank to Launch CBDC Pilot in 2021
7.10.2020
The South Korean central bank, the Bank of Korea (BOK) has announced that it is to begin a central bank digital currency (CBDC) pilot next year, in conjunction with major firms and domestic banks.
Per Seoul Shinmun and the Fourth Journal, the BOK has stated that it has completed the design...
South Korea’s Central Bank to Test Digital Currency With Banks in 2021
7.10.2020
Following China's lead, the Bank of Korea is to run circulation trials of a central bank digital currency with assistance from banks
Symbol blockchain to host whisky fund and central bank collectibles at launch
7.10.2020
Symbol, the forthcoming enterprise and security token-focussed blockchain from the team behind XEM, will host a whiskey fund and Lithuanian collectible token at launch
US is losing 'tech cold war with China' says Ripple co-founder
7.10.2020
Ripple’s executive chairman has slammed U.S. lawmakers for losing the blockchain arms race to China
China Central Bank Official Reveals Results of First Digital Yuan Pilots
7.10.2020
An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300...
UK Court Overturns Ruling on $1 Billion Venezuelan Gold at Bank of England
6.10.2020
The UK Court of Appeal has overturned an earlier court ruling which denied Nicolas Maduro access to Venezuela’s gold worth about $1 billion kept at the Bank of England. The court did not recognize Maduro as the legitimate leader of Venezuela. Court Rules in Favor of Central Bank of Venezuela...