Tag Archives: CBDC

The inevitable onslaught of central bank digital currencies (CBDCs) won’t harm Bitcoin’s value proposition – in fact, it will give it a serious shot in the arm.That’s the key takeaway from Grayscale Investments’ May report on how the rollout of CBDC’s will affect the status of Bitcoin.CBDCs are digital currencies centrally issued and controlled by central banks. In this respect, they are the very antithesis of Bitcoin and stand opposed to the ideals of cryptocurrency as a whole.However,...

An education institution in China, training officials from the country’s Communist Party, has published yet another book on cryptocurrencies. The authors include the former Vice President of the People’s Bank of China (PBoC), as well as other formerly high-ranked officials.China Continues Its Efforts in the IndustryAccording to a recent report from the local press, China’s Central Party School of the Communist Party has published another book from its Blockchain series.The authors of the book...

Chinas Wirtschaft ist in den letzten Jahren stark gewachsen und mittlerweile zur Zweitgrößten der Welt geworden. Wirtschaftsexperten nehmen an, dass China eines Tages eine neue weltweite Ordnung herstellen könnte und die globale Finanzherrschaft an sich reißt. Die chinesische Zentralbank wird Berichten zufolge noch in diesem Jahr eine Kryptowährung auf der Grundlage des Yuan herausgeben. Laut einem...

Testing for Chinese central bank digital currency (CBDC) is conducted in the Xiongan New Area, North China’s Hebei Province, a new report said. Trial runs include catering and retail industries such as the massive U.S. chains Subway, Starbucks, and McDonald’s.China Trials Its CBDCNews regarding the Chinese digital currency has been emerging in the past few weeks more frequently than before. The latest local report on the matter claims that testing had started in Xiongan New Area. More...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 866. Heute sprechen wir über folgende Themen: Hacker gibt DeFi-Plattform Lendf.Me Krypto-Beute zurück, Niederländische Zentralbank will Führungsrolle bei digitalem Euro & Ripple verklagt Youtube. Vielen Dank an den heutigen Sponsor XBTPROhttps://trade.xbtpro.com/sessions/signup/UlGty_VsZ 1.) Hacker gibt DeFi-Plattform Lendf.Me Krypto-Beute...

De Nederlandsche Bank (DNB), the central bank of the Netherlands, wants to play an essential role in the development and testing of the potential digital Euro. DNB believes that people are using less physical cash, and a central bank digital currency (CBDC) could be a game-changer. DNB On Central Bank Digital Currency The bank published a report regarding the potential usage of CBDCs in today’s economy. According to it, the adoption process could be faster than expected, as people in the...

Facebook’s future cryptocurrency project scaled back this week. At the same time, local Chinese reports indicate the country is advancing notably on its CBDC. Summarized information from this past week alone suggests the nation could be pushing the digital currency release as a response to Libra’s change of plans. Libra’s Less Ambitious Plans Facebook shook the world last year, announcing a “single global digital currency” dubbed Libra. Per Mark Zuckerberg, CEO of the social media giant,...

China’s anticipated central bank digital currency (CBDC) may be closer to its launch, as per a screenshot circulating the internet. While testing should be entirely confidential, the leaked photo is hinting the test version of a mobile app developed by a large state-owned bank.An App For China’s CBDCInformation from a few weeks ago indicated that the People’s Bank of China (PBoC) had finished the development processes on its CBDC. As Cryptopotato reported, PBoC and all of the associates on...

The G20’s Financial Stability Board (FSB) has issued ten recommendations for a common regulation on stablecoins. Their growing usage and volume may undermine financial stability if world governments don’t set up the necessary legislation.FSB’s Recommendations For Stablecoin RegulationReuters reported earlier today the FSB’s intentions to “proportionately” regulate stablecoins. The agency has developed a paper, which it will deliver to G20 finance ministers and central bank governors during a...

Digital won will pass extensive testing by the Bank of Korea staff. Per the official announcement, the program will last until December 2021.South Korean businesses and officials were talking about the government-backed stablecoins since December 2018. The Central Bank was hiring different industry experts. The experts prepare research on the CBDC related progress in other countries. Also, they propose own legal initiatives to improve the project. Now the Central Bank seems to be working...