Tag Archives: CBDC

Deutsche Bank is out with it’s latest cryptocurrency report. The global banking giant has discussed central bank digital currencies (CBDCs) in great detail, and their effect on central banks, individuals, and governments.In the discussion pertaining to individuals, DB says that CBDCs could encounter political resistance and encourage social unrest.Central Bank Cryptos Could Make A World Of DifferenceIn it’s latest CIO Special report, German banking heavyweight Deutsche Bank observed that...

Ripple ist bemüht, mit XRP bei den Zahlungsdienstleistern und Banken mit der Währung CBDC Gleichartigkeit zu finden. Doch bislang war das Interesse nach diesen neuen Zahlungsmöglichkeiten dieses Startups eher gering. Was ist CBDC? CBDC ist eine Abkürzung für Central Bank Digital Currency. Dies ist eine von der Europäischen Zentralbank kontrollierte Fiat-Währung, die digital ist. Die CBDCs sind hierbei...

Three to five countries will completely replace their currency with a central bank digital currency by 2030, argued a recent report by a German-based fintech think tank.The document also warned that if the European Central Bank doesn’t accelerate its CBDC endeavors, the digital Yuan will overtake it but won’t disrupt the Dollar’s dominance.Countries To Fully Implement CBDCsThe European think tank focusing on fintech and blockchain research dGen published a study on the potential impact of...

Despite numerous reports claiming that the Chinese central bank is experimenting with large volume transactions for its CBDC, the bank recently said that it’s focusing on small retail transactions but confirmed that the trials are ongoing in numerous regions.China’s CBDC Trialed For Smaller TransactionsIn the past few weeks, various reports claimed that the People’s Bank of China had tested its central bank digital currency (CBDC) with a massive transaction volume to determine how much load...

The United States has finally joined the bandwagon of countries testing a central bank digital currency (CBDC), Thursday reports revealed.Governor Lael Brainard said during a virtual technology event yesterday that the US Federal Reserve, in collaboration with research teams from Boston Fed and Massachusetts Institute of Technology (MIT), is conducting experiments with a hypothetical digital currency.According to Brainard, both institutions have been researching blockchain technology for...

Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same.Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’As per a Reuters article, the Japanese Financial Services Agency boss has shared fresh thoughts regarding his stance on crypto trading practices in...

The Chinese central bank digital currency (CBDC) could be approaching its long-anticipated launch as new reports indicated that multiple local commercial banks have begun conducting trials of a digital wallet application linked to the CBDC.Chinese Banks Test Digital Wallet App For CBDCIn the latest turn of events regarding China’s future digital currency, a Reuters report asserted that several large state-run commercial banks are conducting internal testing of the digital wallet app....

Die Philippinen sind ein südostasiatisches Land im Westpazifik und umfassen mehr als 7.000 Inseln. Wie schon andere Länder in den vergangenen Monaten, zieht jetzt auch die philippinische Zentralbank in Betracht, eine eigene Digitalwährung einzuführen. In einer online Presseerklärung wurde bekanntgegeben, dass ein Ausschuss gegründet wurde, der die mögliche Einführung einer digitalen Währung prüfen wird. Auch die Philippinen gehört nun zu...

Central bank digital currency (CBDC) fever appears to be heating up across the APAC region as The Philippines announces plans to study the possibility of issuing its own sovereign virtual “coin.”Committee to Study Modalities for Possible CBDC IssuanceAccording to a report by Bloomberg on Wednesday (July 29, 2020), the Bangko Sentral ng Pilipinas (BSP) governor, Benjamin Diokno, revealed that the central bank has set up a committee for a potential CBDC project. The group will consider the...

The Bank of Lithuania has officially launched its blockchain-based digital collector coin called LBCOIN. Although bank officials clarified that it’s not a CBDC, they suggested LBCOIN could eventually lead to releasing a central bank digital currency.Bank Of Lithuania’s Digital Collector CoinAs CryptoPotato reported recently, the central bank of the Baltic country had finished with the development stages of the LBCOIN and was planning to initiate a pre-sale. With some delays, the Bank of...