Tag Archives: CBDC

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...

Schweden ist und bleibt ein Vorreiter in Sachen Geld. In Schweden wurde einst das Papiergeld erfunden, nun führt die schwedische Zentralbank eine staatliche Kryptowährung, die E-Krone, ein. Schweden ist bereits weit fortgeschritten, was das bargeldlose Bezahlen betrifft. Nun hat Schweden mit der Erprobung der digitalen E-Krone gestartet. Das Projekt ist aktuell auf ein Jahr bis Februar 2021 ausgelegt....

The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona.Testing The E-KronaRecently reported by local news, the Riksbank is ready to launch a group to examine the potential e-krona. The participants will play out different scenarios to determine if the digital currency’s performance is sufficient and reliable. A statement from the bank outlines...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 818. Heute sprechen wir über folgende Themen: 1.300 US-Dollar für einen Bitcoin, Gericht beschlagnahmt 52 Millionen Euro in Bitcoin & Schweden testet neue digitale Zentralbankwährung. [embedded content] 1.) 1.300 US-Dollar für einen Bitcoinhttps://www.btc-echo.de/1-300-us-dollar-fuer-einen-bitcoin/ 2.) Gericht beschlagnahmt Bitcoin im Wert von 52 Millionen...

The Central Bank of Russia announced in late December that it would be testing out its state-backed cryptocurrency within a regulatory sandbox. It appears that the tests are now over and have been completed.Russia’s Central Bank And BlockchainAccording to a local report, Russia’s Central Bank has completed a pilot project for the issuance and circulation of “digital rights.” This allows it to digitize goods, services, securities, and other assets as well.Using the platform, any organization...

Japanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system.Led by the head of the Banking and Finance Systems Research Commission at the JLD party Kozo Yakamoto, Japanese lawmakers are pushing for the country to digitize their systems by adopting CBDC. According to Yakamoto, the country should be in the line of creating a Yen Central Bank Digital Currency in the next...

Lael Brainard’s remarks suggest the Fed’s more openness to digital currencies. The U.S. Federal Reserve is studying the feasibility of issuing a digital currency and the risks associated with that.United States Federal Reserve is researching the opportunities that central banks may get issuing their digital currencies. It was revealed by Lael Brainard, a member of the U.S. Federal Reserve’s Board of Governors.According to her, the digitalization of payments could be beneficial, but at the...

Japan is seemingly following the footsteps of China to ensure that they are not left out in the race for government-backed cryptocurrencies. The country’s lawmakers will reportedly release drafted proposals tomorrow (Friday) for the creation of their own central bank digital currency (CBDC). Countering China’s Digital YaunJapan initially became interested in issuing a digital currency after China announced plans to leverage the blockchain technology to launch a digital yuan last year. The...