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Insight into China’s CBDC after Digital Yuan Wallet Briefly Went Live


Experts have been looking into a soft-launched digital yuan wallet that went live briefly late last month – and said they have uncovered important technical details, and possible usage scenarios. The state-owned China Construction Bank (CCB), one of the biggest commercial banks in the world...

Private Software Firm Says It Is Working on China’s CBDC Project


Another Chinese private sector company has admitted it is working with the nation’s central bank on its rapidly expanding digital currency pilot project – the second private firm to make such a claim this week. Per NetEase, a mobile pay software provider named Weifutong Technology has revealed...

Brazil Dips a Cautious Toe in the CBDC Pool, Token May Debut in 2022


Brazil has become the latest nation to unveil plans for a central bank digital currency (CBDC), and may unveil the digital real in two years’ time – but the token’s would-be architects added an all-too-familiar, non-committal caveat. Per an official release from the Banco Central do Brazil (BCB)...

South Korean Central Bank Turns to Private Sector for CBDC Help


South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved. Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...

Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center


China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID)...

Why the Rise of the CBDC Is Bad for Your Privacy


Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all...

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