Tag Archives: CBDC

In a post-FTX world, it’s really hard being a crypto executive. Not only are your bags empty and revenues down, but you also have United States financial regulators breathing down your neck with subpoenas one day, and lawsuits the next. It’s understandable, then, why industry leaders like Brian Armstrong may wish to present themselves to both media and authorities with their state-worshipping foot forward.  As the CEO of Coinbase – America’s largest crypto exchange – one...

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The central bank of Japan will reportedly start testing the employment of a digital yen in April this year.  The institution has previously said they could take Sweden as a model for how to launch a CBDC. Catching up With China As reported by CNBC, the testing phase includes processing simulated transactions with private financial companies. Shinichi Uchida – Executive Director at the Bank of Japan – said consumers and retailers will be excluded from the experiment. “Our hope...

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The President of the United States – Joe Biden – will reportedly appoint Lael Brainard (Vice Chair of the Federal Reserve) as his top economic adviser.  The latter is a critic of cryptocurrencies, arguing they could undermine America’s financial stability. On the other hand, she is a proponent of a digital dollar that would be highly centralized and monitored by the authorities. Anti-Crypto Position According to a Bloomberg coverage, President Biden will soon name Lael...

Global Startup Ecosystem Report 2020: London ist Europas Nummer eins an der Spitze der weltweiten Startup-Regionen, Berlin fällt zurück Aktuell zieht Grossbritannien die Einführung einer digitalen Währung in Betracht. Das digitale Pfund (oder auch Britcoin) ist als Ergänzung zum Bargeld geplant. Die Bank of England würde es zukünftig herausgeben – allerdings erst in der zweiten Hälfte dieses Jahrzehnts. Einfach, vertrauenswürdig und zugänglich – das...

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India’s retail CBDC pilot, launched on December 1, has onboarded 50,000 users and 5,000 merchants. In the two-month period, 0.77 million e-rupee transactions were carried out, the Reserve Bank of India (RBI) said. Right now, digital rupee (e-rupee) transactions are available in a closed group of banks, cities, and merchants. India CBDC Plan will Go Slow “We want the process to happen, but we want the process to happen gradually and slowly. We are in no hurry to make something...

The Chinese Ministry of Science and Technology reportedly approved the launch of the National Blockchain Technology Innovation Center.  It will be based in the capital Beijing and will focus on use cases that could boost the local economy.  Unlike BTC, China is Supportive of Blockchain  According to recent coverage, the newly-formed entity will try to advance the financial network of the most populous country by implementing the use cases of blockchain technology. The center,...