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Nalezeno "US central bank digital currency": 655

Bank of Korea selects Kakao’s blockchain arm for digital won tests

20.7.2021
ConsenSys, a major Ethereum software company, will contribute its technology to South Korean CBDC simulations led by Ground X

Fed Chair Jerome Powell Says ‘You Wouldn’t Need Cryptocurrencies if You Had a Digital US Currency’

15.7.2021
Federal Reserve Chairman Jerome Powell believes that there is no need for cryptocurrencies if there is a digital dollar. “I think that’s one of the stronger arguments in its favor,” he said. The Fed chair also insists that the U.S. is not in danger of losing its reserve currency...

UAE Central Bank Unveils Plan to Launch Digital Currency

14.7.2021
The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world’s top 10 central banks. A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs)....

South Korean internet giants bid for central bank digital currency pilot

12.7.2021
The Bank of Korea plans to select an operator to run a blockchain-based CBDC pilot next month that will test a digital won in various use cases

Bank of Ghana Deputy Governor Says ‘Central Bank Digital Currency Is Fiat Money,’ Reveals Pilot Phase Will Start September

12.7.2021
Ghana’s proposed central bank digital currency is similar to fiat cash and therefore financial institutions, as well as fintech start-ups, can still create value based on it, a Bank of Ghana (BOG) official has said. Still, the official, Maxwell Opoku-Afari, the BOG’s deputy governor...

Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm

9.7.2021
"There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years," said Guardtime

11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey

9.7.2021
A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like...

France and Singapore pilot cross-border CBDC transactions

8.7.2021
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs

China's central bank worried about stablecoins' risk to financial systems

8.7.2021
While Visa and other major private payments networks see the potential of stablecoins, China's central bank believes they pose serious risks to global financial systems

Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan

7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...

Bank of Jamaica to begin digital currency pilot in August

7.7.2021
The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country

Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022

6.7.2021
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai...

Japan’s finance industry awaits clearer picture of digital yen in 2022

5.7.2021
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued

Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’

4.7.2021
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of...

Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares

1.7.2021
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan...

Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System

1.7.2021
The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant and concrete risks” to the U.S. banking system. Fed Vice Chair Speptical About...