CBDC - Tag Archives - Cryptonews (Page 51)

Can a Digital Dollar Save the US? JPMorgan Says…It’s Complicated

“No country has more to lose” than the United States as central bank digital currencies (CBDCs) begin to roll out, claims US-based investment banking giant JPMorgan – which suggests that a “modest” digital fiat investment could potentially help safeguard dollar...

, by Tim Alper

Another One-Stop-Crypto-Shop In Making, CBDC Test + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Source: Adobe/momiusM&A newsNew York-based institutional trading firm Genesis has announced its acquisition of Vo1t,...

, by Sead Fadilpašić

Digital Yuan ‘Highly Likely’ to Be Compatible with Alipay, WeChat Pay

Experts in China and South Korea believe that China’s digital yuan will likely be interoperable with e-pay solutions like WeChat Pay and the Alibaba-operated AliPay, as well as a number of digital platforms used by major banks.Source: Adobe/HeorsheThe People’s Bank of China (PBoC), the...

, by Tim Alper

South Korean Central Bank Steps up CBDC Work ‘in Response to COVID-19’

The South Korean central bank has sped up its digital currency issuance progress, per a new report, with officials to begin a tech review several months ahead of schedule.Source: Adobe/mnimageAccording to Chosun, the central Bank of Korea (BOK) says it has conducted a study of the technological...

, by Tim Alper

Blockchain Interoperability, Ethereum Classic to Upgrade + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Source: Adobe/New AfricaBlockchain newsAccenture and Fujitsu Laboratories are jointly developing a blockchain...

, by Sead Fadilpašić

Chinese Media Outlets Rush to Distance the Digital Yuan from Bitcoin

A number of Chinese media outlets have published reports outlining the central bank’s plans for the digital yuan, which is set to make its debut at testbed sites next month, with some keen to point out that the new token “is not bitcoin (BTC) or ethereum (ETH)” and will not lead...

, by Tim Alper

‘Market-led’ Currencies Can Live Alongside Digital Euro – ECB Board Member

While global regulators are warning about the risks of cryptocurrencies and private money initiatives such as Facebook's Libra, a member of the Executive Board of the European Central Bank (ECB) made a somewhat surprising statement in support of "market-led initiatives."Fabio Panetta. Source:...

, by Sead Fadilpašić

Starbucks Denies Involvement in Digital Yuan Tests

American multinational chain of coffeehouses, Starbucks, has denied being involved in the testing of China's digital yuan.Source: Adobe/ManuPadilla"We are not participating in the digital currency trial in China," a Starbucks spokesperson told Cryptonews.com, without elaborating. As reported, news...

, by Sead Fadilpašić

McDonald’s, Starbucks, Subway May Take Part in Digital Yuan Tests – Reports

McDonald’s, Starbucks and Subway branches could be set to take part in the Chinese central bank’s digital yuan pilots, with Beijing’s efforts to roll out the world’s first central bank digital currency (CBDC) intensifying.Source: Adobe/efiredMultiple Chinese outlets,...

, by Tim Alper

Central Bank Says CBDC Could Learn From Bitcoin, Rejects Decentralization

The move from fiat currencies to new central bank digital currencies appears to be gaining traction, as one of Europe’s biggest central banks admitted that (unspecified) parts of Bitcoin’s underlying technology could be used in creating a new type of currency.Source: Adobe/Comugnero...

, by Fredrik Vold

Chinese Central Bank Makes it Official: Digital Fiat Tests to Begin

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.Source: Adobe/Aleksandra SovaThe PBoC has also rushed to insist...

, by Tim Alper

Chinese IT Firms Deny Digital Currency Involvement as Shares Skyrocket

Chinese tech companies have been hurridly issuing statements denying they are involved with digital currencies – as stocks in domestic IT firms continue to soar on exchanges in the Middle Kingdom. Source: Adobe/Blue Planet StudioAnd it seems that even though some leading companies have been...

, by Tim Alper

Digital Yuan Real-world Tests to Begin in May – Chinese Media

Multiple domestic media outlets are reporting today that China is beginning its first tests for what is set to become the world’s first central bank-issued digital currency, with real-world tests coming in May.Source: Adobe/alswartChinese outlets say that the digital yuan, known in China as...

, by Tim Alper

Are these the First Images of China’s Digital Yuan? (UPDATED)

Social media users believe they have captured screenshots of a beta version of China’s much-awaited central bank digital currency (CBDC). (Updated at 13:53 UTC: updates in bold). Source: Adobe/S.GvozdWeChat users are believed to have gained access to the screenshots on Tuesday this week....

, by Tim Alper

IMF Deputy Managing Director Tao Zhang on CBDC Benefits and Risks

Below is a keynote address on central bank digital currency by Tao Zhang, Deputy Managing Director at the International Monetary Fund. London School of Economics, February 28, 2020. ___Source: Adobe/flydragonTao Zhang. Source: imf.orgIt’s a real pleasure for me to be here for this conference...

, by Tao Zhang

Exclusive: QE Won’t Trigger Hyperinflation, says World’s Hyperinflation Expert

Hyperinflation doesn't happen as easily as one may think. "If there hadn't been quantitative easing in 2008, instead of a great recession, we would have had a great depression." Private currency boards would make central banks more disciplined.The central bank of Zimbabwe issued a...

, by Sead Fadilpašić

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