by COINS NEWS - 10 months ago
So in parts of China, CBDCs are already linked to people's personal digital IDs. If you get caught speeding in that area, they instantly fine you and deduce the amount of fine from your digital wallet by their surveillance system. Here is an exam...
by COINS NEWS - 10 months ago
A big questionmark for the future of the Cryptocurrency market is if there will be large mainstream adoption of Cryptocurrency. A step further would be a country adopting a Crypto as their official currency. This would likely create a large surge in...
Bitcoin News / Bitcoin.com - 10 months ago
Palau, an insular nation in the Philippines Sea, has partnered with Ripple, announcing a limited pilot for its own U.S. dollar-pegged stablecoin issued using XRP technology. According to Jay Hunter Anson, a member of the board of directors of Palau...
Bitcoin News / Bitcoin.com - 10 months ago
The Nigerian central bank has said it is amending the model of its central bank digital currency and is hopeful that such an exercise will result in “an increase in the volume and activity of wallet holders.” According to the acting gover...
Cryptocoins News / The Cointelegraph - 10 months ago
The CFA Institute asked members around the world how they felt about CBDCs. Their responses might surprise the crypto community. The CFA Institute, the professional as...
Cryptocoins News / The Cointelegraph - 10 months ago
The prospect of a retail CBDC has some major banks anxious over their revenue streams. In the current climate, which is pretty hostile for the digital assets industry...
Bitcoin News / Bitcoin.com - 10 months ago
President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transaction...
Bitcoin News / Bitcoinist - 10 months ago
In South Korea, numerous private banks are actively researching tokenized deposit technology as a viable alternative to both private stablecoins and central bank digital currencies (CBDCs). Top banks in the region have shown considerable interest in...
Bitcoin News / Bitcoinist - 10 months ago
Central bank digital currency has gained another top critic as the US Federal Reserve, under Jerome H. Powell’s chairmanship, considers potential CBDC designs.
In a July 23 tweet, Republican representative Warren Davidson condemned any potenti...
Cryptocoins News / The Cointelegraph - 10 months ago
Hana Bank plans to research certificates of deposit tokens, while Woori Bank’s research department has recently released a report on the tokens. Several private banks...
Cryptocoins News / The Cointelegraph - 10 months ago
“Money should not be programmable by a central authority,” argues Republican Representative Warren Davidson. United States Republican Representative Warren Davidson h...
Cryptocoins News / The Cointelegraph - 10 months ago
San Francisco’s Federal Reserve Bank is seeking a crypto architect for a central bank digital currency. San Francisco's Federal Reserve Bank is seeking a crypto archit...
Cryptocoins News / Finance Magnates - 10 months ago
The central bank of France is planning to collaborate
with private companies in the rollout of a central bank digital currency (CBDC)
for institutional and retail clients. The bank issued
recommendations for policies that could support the launch o...
Bitcoin News / Bitcoinist - 10 months ago
China’s digital yuan has witnessed tremendous growth as the central bank ramps up its CBDC pilot in the last one-and-a-half year. According to the Chinese central bank governor, Yi Gang, within that period, the digital yuan has facilitated near...