Tag Archives: CBDC

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...

The Bank of Korea (BOK) has initiated a test program to check the capabilities and necessary technologies required for launching a central bank digital currency (CBDC). Despite the testing, though, the bank noted that the chances of issuing its own cryptocurrency are slim due to lots of competition.BOK Tests CBDCA local report from earlier today informed about the actions from the Bank of Korea. It indicated that the test program began last month and will provide a decisive conclusion by the...

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.  [embedded content] 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...