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Thai Central Bank Says Big Businesses Are Already Using its CBDC

17.7.2020
Another country has moved a step closer to issuing a central bank digital currency (CBDC), with Thailand’s central bank stating that it is “already using” its token “for financial transactions with some big businesses.” Per Nation Thailand, the Vachira Arromdee, assistant governor of the Bank...

Thailand Already Using Central Bank’s Digital Currency

17.7.2020
Thailand's digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months

Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”

17.7.2020
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying...

Binance Pool Poised to Grab More Bitcoin Hash Rate in Russia and Central Asia

17.7.2020
Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region

A Path of Challenges: Will CBDCs Prevail Over Private Blockchains?

16.7.2020
CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner

Bank of Thailand Progresses With Digital Baht Tests Before Public Launch

16.7.2020
The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses

Cypherium CEO Predicts CBDC Cross-Border Payments ‘Soon’

16.7.2020
Cypherium’s founder predicts that adoption of CBDCs for cross border payments will happen sooner than expected

China to Test Digital Yuan on Food Delivery Platform With 435 Million Users

15.7.2020
China’s central bank may test digital yuan on Meituan Dianping’s food delivery platform with 435 million users

Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey

15.7.2020
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time...

Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans

15.7.2020
The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only...

Bank of England Considering a Central Bank Digital Currency, Governor Says

14.7.2020
The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years

South Korean Central Bank Launches CBDC Legal Advisory Unit

14.7.2020
The Bank of Korea in Seoul. South Korea is once again intensifying the pace of its central bank digital currency (CBDC) progress – with a central bank-run team now investigating legal obstacles that might stand in the way of digital won issuance. Bitter political and financial rival Japan last week...

Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech

13.7.2020
Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures

Much Anticipated Central Bank Digital Currencies Raise Privacy Concerns

12.7.2020
CBDCs are one of the hottest topics in the fintech space, but as their inception comes closer, serious privacy concerns come with it

How are Central Banks Exploring Central Bank Digital Currencies?

11.7.2020
At a time when enterprises are moving fast toward the adoption of blockchain technologies, central banks are exploring digital currencies as an alternative to replace their cash in circulation. A Central Bank Digital Currency (CBDC) is the digital form of fiat currency. Not to be confused with...

Monetary Historian: Libra Will Never See The Light Of Day

10.7.2020
Economic historian Barry Eichengreen believes that stablecoins are either too fragile, or too expensive, to emerge as a dominant monetary form

China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan

9.7.2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan...