The PwC report shows that Bahamas and Thailand are ranking on top in terms of retail CBDC development. The report clarifies the progress towards creating […] …
Tag: CBDC
UK Steps Up Crypto Efforts with CBDC Task Force Inauguration
The United Kingdom (UK) has inaugurated a task force saddled with the responsibility of exploring the wholesale use of a central bank digital currency (CBDC). […] …
CBDC: UK is set to explore a digital pound
TL; DR Breakdown The UK government is set to analyze a potential CBDC, together with the Bank of England. An exploratory taskforce for CBDC is being launched between BoW as well as the UK Treasury The United Kingdom has become the latest developed nation in order to announce interest in exploring a potential central bank digital currency, which might be […]#@@#@!!…
China Will Pilot Digital Yuan For Foreigners At 2022 Winter Olympics
China is planning to trial the digital yuan with foreign athletes and visitors during the Beijing Winter Olympics in 2022. Digital Yuan For Foreign Use […] …
Britcoin: UK Looking To Create Its Own Digital Currency
One thing that has become very prominent on the global stage is the creation of Central Bank Digital Currencies (CBDCs) by various world powers. China, Canada, the Bahamas, the British Virgin Islands, and France are all at various stages of development and deployment of their own CBDCs. These days, the creation of a CBDC seems […] …
70% of Central Banks Are usually Nowhere Near Launching CBDCs: PwC Report
Almost 90% of central banks developing CBDCs are using blockchain technology but the majority are nowhere near launching the end product….
Financial institution of England And HM Treasury Announce Taskforce to Launch “UK CBDC”
The financial institution of England and HM Treasury in a joint statement announced the launch of a CBDC task force that might be responsible for exploring different potential use cases for a “ UK CBDC. ” Central Bank Digital Currency (CBDC) has become a priority for many nations in the wake of the increasing popularity of digital assets The post Bank of England And HM Treasury Declare Taskforce to Launch “ UK CBDC” appeared first on Coingape . …
Smashing: Bank of England to learn the launch of an electronic currency
Bank of Britain (BoE), the UK’s central bank and the world’ s eighth-oldest bank, said it could form a task force to explore the launch of a digital currency, as per an official release today. The post Breaking: Bank of Britain to explore the launch of the digital currency appeared first on CryptoSlate . …
The far east CBDC would only end up being for domestic use after launch
TL; DR Breakdown China and taiwan to use CBDC locally after launch China takes CBDC test to more regions Zhou Xiaochuan, a former Chief excutive of the Peoples Bank associated with China, has said that the Tiongkok CBDC (Central Bank Electronic Currency) would be utilized regionally instead of a global use soon after the currency goes community. According to the […]#@@#@!!…
ECB Digital Euro Survey: Privacy is key for Europeans
The European Central Bank has disclosed that it received more than 8,200 responses from its public consultation on a potential digital euro. Privacy Feature Request […] …
U.S. Struggles To Keep Up As China Further Develops Its CBDC
The new U.S administration, led by President Joe Biden, is keeping a close watch on trends in China surrounding a possible digitized version of its national ‘Yuan’ currency. The Biden administration is primarily most concerned about the potential for this digitized Yuan to undermine the U.S dollar’s status as the world’s reserve currency. Dollar to […] …
Digital Yuan Contest Comes To Hainan Province as China Ramps Up CBDC Efforts
South China’s Hainan Province is set to run a two-week campaign later this month to promote digital yuan use among its residents. Digital Yuan Promo […] …
Why PayPal Co-Founder Peter Thiel Believes China Could Be Weaponizing Bitcoin Against The U.S.
It’s no secret that the major nemesis of the United States, China, has been experimenting with crypto technology as it looks to render its economy free of the U.S sanctions and the USD’s hegemony. Speaking at a virtual event for the Nixon Seminar, PayPal co-founder and early investor Peter Thiel noted the lengths to which […] …
The Central Bank of Sweden Released First Study associated with Digital Currency
A society without cash could present challenges, said Sweden’s central bank, whilst indicating that the e-krona could be delayed until 2026….
The country Seeks Public Comments on Potential Cryptocurrency Regulations
Spain’s national securities regulator seeks people’s opinion on recently proposed cryptocurrency regulations….
Financial institution of Japan Begins Tests on Issuing a Main Bank Digital Currency
A few months after freezing CBDC advancements due to lack of demand, the BOJ has launched a testing program to determine the technical feasibility of such a product….
Japan’s central bank commences Proof-of-Concept for CBDC
TL; DR Breakdown: The central financial institution of Japan has started Phase 1 of its CBDC experiment. It’ s likely to last until March 2022, and we enable the bank to realize the core functions of the CBDC. The central bank of Japan announced Mon it has commenced a Proof-of-Concept (PoC) for a digital currency. This will […]#@@#@!!…
Bitcoin price prediction – BTC/USD price holds $13,620 awaiting US Presidential election results
Bitcoin price prediction stuck in the stagnant territory but stays above $13,600 All eyes are on US Presidential election results as global markets enter neutral phase BTC/USD price must close above $13,970 to continue upsurge towards $14,500 Bitcoin price prediction – BTC/USD pair sees little action head of US Presidential results The Bitcoin price is […] …