Search
Chinese Central Bank Makes it Official: Digital Fiat Tests to Begin
20.4.2020
The Chinese central bank, the People’s Bank of China (PBoC), has officially confirmed a number of digital currency testing reports – and has indicated that testing will soon begin in the country’s capital, Beijing.
The PBoC has also rushed to insist that a digital yuan rollout will not spark...
The Digital Yuan Is Being Tested for a Workers’ Subsidies Scheme in Suzhou
16.4.2020
Official media has confirmed that the digital yuan is being tested as part of a transport subsidies scheme for local workers
China’s Digital Yuan Reportedly to Test in Four Cities
15.4.2020
A testing app for China’s forthcoming central bank digital currency appears to be ready for download in four cities
Libra Stablecoin is Still a Major Threat to Bitcoin: Economist
15.4.2020
Will Facebook’s Libra stablecoin emerge as Bitcoin’s strongest competitor? Economist John Vaz believes so
Inside China’s Plan to Power Global Blockchain Adoption
14.4.2020
China is about to launch its national blockchain platform, part of Beijing’s grand strategy to lead the digital transformation of the world economy
Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency
14.4.2020
The Agricultural Bank of China has rolled out an internal test interface for the nation's central bank digital currency, allowing whitelisted users to register and trialing certain functions
ECB Expects Worse Recession in Europe Than Global Economy
14.4.2020
The European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Countries across the euro area will experience “a deep recession,” which entails unprecedented funding needs of more than €1 trillion ($1.1 trillion), explained...
Brazil’s New Blockchain Data Tool Cost $250K, Runs on Quorum
10.4.2020
Brazil's central bank spent 1.3 million Brazilian reals (USD $250K) over two years building its new database for financial regulators on Quorum, replacing a slow and expensive paper-based system with a fully digitized version
Q1 Crypto Trade Volume Jumps 61%, Bitcoin’s Price Performance Trumps Equity and Gold Markets
9.4.2020
For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial...
BTC to INR: P2P Bitcoin Marketplaces Growing in India
9.4.2020
Ever since the supreme court quashed the banking restriction imposed by the central bank, interest in cryptocurrency has been rising in India, including on peer-to-peer (P2P) marketplaces. The local crypto community is growing despite the nationwide lockdown and rising covid-19 threat. Also read:...
Two Versions of Digital Dollar Emerge as Contenders, but Unlikely to Come Soon
8.4.2020
The digital dollar may become a reality soon, but there are two different ways to bring it about. Which one will prevail, and how soon will it be?
Sweden’s ‘Lagom’ Response to Coronavirus: No Masks, Keep The Economy Going With a “No Limit” Printing Press
7.4.2020
The Coronavirus in Sweden has so far claimed 611 deaths, with 7849 confirmed cases. Swedish people still send their kids to school and are not hoarding much of anything compared to countries like the US. But just like in most of the world many businesses are hit hard, and the country's central bank...
China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says
6.4.2020
The People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency
South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations
6.4.2020
The Bank of Korea has historically been skeptical about CBDCs, but now it's having to keep up
It's Happening: S Korean Central Bank Unveils Plans to Pilot a CDBC
6.4.2020
Source: Adobe/Photo-maxx
The South Korean central bank, the Bank of Korea (BOK) is “one step closer” to launching a pilot for a central bank digital currency (CBDC) and could start piloting a token as early as December this year – in line with central banks in other regions, which are also thought...
South Korea's Central Bank Launches Digital Currency Pilot Program
6.4.2020
South Korea's central bank is undertaking a CBDC pilot program, although it currently believes the need to issue a digital currency is slim
BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic
5.4.2020
‘The central bank of central banks’ is advocating for the development of CBDCs amid the coronavirus pandemic
Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis
3.4.2020
Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets...
Brazilian Regulators Create DLT Platform for Screening Politicians
3.4.2020
Brazilian regulators are teaming up to use blockchain technology to streamline vetting processes for public officials and corporations
Revolut Fast-Tracks User-Wide Crypto Support Due to Global Economic Upset
3.4.2020
As the Fed ramps up quantitative easing, fintech giant Revolut is moving fast to offer all users cryptocurrency services