Tag Archives: CBDC

Amid the spread of the COVID-19 pandemic, world governments and central banks should focus on launching CBDCs, a BIS report suggested. By using digital currencies, people could avert cash, credit card terminals, or PIN pads – which may transmit the novel virus.Coronavirus And MoneyThe COVID-19 outbreak took the world by storm. Over 1.2 million confirmed cases and 65,000 deaths since the start of the year. What’s even more threatening is the speed in which the virus spreads.Some reports...

Moderne Technologien ermöglichen die Entwicklung des Zahlungsverkehrs und den globalen Wettbewerb. Die Unklarheiten, die die digitale Währung umgeben, lassen genügend Raum für die Analyse ihrer vorbehaltlosen Akzeptanz, ihres Vertrauens und ihrer Antizipation, die der Hauptantrieb für die Verbreitung des Netzes sind. Aber ist es möglich, dass digitale Währungen oder Kryptowährungen einmal völlig das Bargeld ersetzen könnten? Obwohl physische Währung in den meisten Ländern immer...

The unexpected COVID-19 outbreak is delaying the adoption of Russia’s legislation “On Digital Financial Assets,” according to a government official. However, he outlined that the law is completed. It will define cryptocurrency usage in the country, but it will also ban them from being used as a means of payment.Russia Postponing Crypto Law (Again)Russia’s law regarding digital usage in the country has been discussed since early 2018, according to Anatoly Aksakov, head of the Duma committee on...

Despite the delay, the People’s Bank of China (PBC) is closer to launching its official digital currency. By working together with several large private companies, the nation’s central bank has finished the development process and is working on the proper legislation before the CBDC is released.China’s CBDC Is On Its WayAfter the COVID-19 outbreak, the Chinese central bank digital currency (CBDC) was delayed indefinitely. However, as the country is portraying initial stages of recovering...

The pressure from the regulator on Facebook’s potential cryptocurrency project Libra has pushed the social media giant to alternate its plans. A recent report indicated that Facebook and its Libra partners are considering redesigning the acceptance of multiple currencies once the project is launched.New Plans For LibraWhen announced in June 2019, Libra attracted a massive world’s attention. As Facebook is one of the most recognizable brands over the past decade, planning to create its...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 822. Heute sprechen wir über folgende Themen: Bank of Canada arbeitet an Digitalwährung, Iranischer General will Sanktionen umgehen mit Krypto & $190 Millionen auf Bitmex liquidiert.  1.) Bank of Canada arbeitet an Digitalwährung (CBDC)https://www.btc-echo.de/bank-of-canada-will-eigene-digitalwaehrung-vorbereiten/ 2.) Iranian General Calls for use of Crypto to Evade...

China has delayed its research on launching a government-backed Digital Currency Electronic Payment (DCEP), in Q1 2020, as the country continues to battle the increased coronavirus outbreak. This does not mean that China will not launch the sovereign digital currency this year, Global Times reported Tuesday.  China to Launch a Cryptocurrency in 2020Before efforts were shifted to the Coronavirus, the People’s Bank of China (PBoC) and other relevant bodies involved in the project, were...

Christopher Giancarlo, the CFTC former head, says that the U.S. should issue the digital dollar to compete with other CBDCs. Giancarlo claims that the CBDC dollar is not a competitor to Bitcoin, Ethereum, TON or Libra.Not only the CFTC former head thinks that the FED should issue dollar like bitcoins, but he also states that bitcoin itself can be used as a digital dollar or gold.During Yahoo’s ‘On the Move‘ on Thursday, Christopher Giancarlo said that the Chinese government will create some...

“All the Banks Are Broke,” and they’ve only got worse. Quantitative easing forever? The threat of cryptocurrencies will disrupt the financial sector.  A video from 2013 depicting a European minister’s tirade against the global banking system has recently re-emerged and gone viral. Gaining massive traction within the crypto community, the speech is now more relevant than ever — and central banks know it. “All the Banks Are Broke” Within an impassioned speech, British politician and former...

Financial and monetary authorities in Japan are accelerating the process of creating their own digital currency. The Ministry of Finance, the Bank of Japan, and the Financial Services Agency have held an undisclosed number of meetings to establish a clear vision before eventually launching a central bank digital currency (CBDC).Japan Prepares For A Bank-Backed CryptocurrencyA recent local report informs about the meetings held by the BOJ, the FSA, and the MOF. Per the document, the country’s...