CBDC - Tag Archives - Cryptonews (Page 52)

Digital Yuan Set for Real-world Ride Sharing Pilot with Apple-backed Didi

China’s digital yuan launch appears to be inching yet closer to rollout after reports in the Middle Kingdom surfaced linking a ride-share operator with pilots for the new central bank-run token.Per Beijing Business Today and Bloomberg, a digital currency unit of the central People’s...

, by Tim Alper

How CBDCs Might Change Our Daily Payments

"The only advantage of having a bank account is that it enables digital payments." "For regular people CBDC wallets will be treated as alternatives for card payments." Traceability may not be desirable for more privacy-minded consumers.Central bank digital currencies (CBDCs) could provide consumers...

, by Simon Chandler

Japan’s Central Bank to Begin Digital Yen Feasibility Pilot

The central Bank of Japan (BoJ) will conduct a controlled pilot for a central bank digital currency (CBDC) to see how a digital yen would function from a technical standpoint.The BoJ said it will begin a Proof-of-Concept (PoC) and wants to test the digital fiat in a controlled environment before...

, by Tim Alper

Professor Shoots 6 Questions At Digital Dollar Champions

While the digital dollar advocates stress benefits of this new form of money, Duke University Visiting Professor of Law Nakita Cuttino urges to be more critical. “Congress must critically review innovations like CBDCs [central bank digital currencies] and stablecoins to ensure novel forms do...

, by Fredrik Vold

CBDCs Might Increase Central Banks’ Footprint on Financial System – BIS

The introduction of central bank digital currencies (CBDCs) could potentially lead to central bank expanding its footprint on the financial system, according to Economic Adviser and Head of Research at the "central bank of central banks," the Bank for International Settlements (BIS). It is likely...

, by Sead Fadilpašić

Digital Currency Might be a Win-Win for Governments & Protesters Alike

Thanks to smaller processing fees and quickened fiscal response in crisis situations, the digital dollar could save the American taxpayers billions of dollars for sending and processing stimulus checks, argues Forbes contributor Roger Huang. Furthermore, it would legitimize and increase the...

, by Eimantas Žemaitis

Italian Banking Association Gives Digital Euro the Green Light

The Executive Committee of the Italian Banking Association (ABI) has approved ten criteria for a Central Bank Digital Currency (CBDC), bringing Italy a step closer to agreeing in principle to the possible launch of digital euro.Associazione Bancaria Italiana is the trade association of Italian...

, by Sead Fadilpašić

South Korean Merchants ‘May Accept Digital Yuan from Chinese Tourists’

Countries with a large influx of Chinese tourists could be among the first outside the Middle Kingdom to accept the forthcoming digital yuan, claims a South Korean report – although it comes with warnings of “Big Brother’s” creeping influence over Chinese finance.Per South...

, by Tim Alper

South Korea Edges Closer to CBDC Rollout Without Any Comitment

The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital version of its won fiat currency.Per newspaper Hankyoreh, the central Bank of Korea (BOK) has released a strategy document outlining its plans...

, by Tim Alper

This Alternative to Central Banks Is Better For Free Societies – Expert

Private currency boards, as alternatives to central banks, might become a reality - bringing greater stability and economic freedom, according to Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University, a prominent expert on hyperinflation, and a major currency board...

, by Sead Fadilpašić

Regulating & Enabling Innovation: A Policymaker’s Perspective

Greg Medcraft is the Director of the Directorate for Financial and Enterprise Affairs of the Organisation for Economic Co-operation and Development (OECD).______The past twelve months have served to illustrate the rate at which blockchain and other distributed ledgers technologies (DLTs) are...

, by Greg Medcraft

Proposed Digital Dollar and Digital Yuan Have a Lot in Common – Report

Chinese media analysts believe that there are a number of key similarities between the Digital Dollar Project and the central People’s Bank of China (PBoC)’s digital yuan – but they say that by the time the American project irons out wrinkles, it may be too late to beat Beijing to...

, by Tim Alper

‘Post-dollar World’ May Be Run by Digital Yuan – Analysts

International experts are warning that China’s forthcoming digital yuan might be gunning not only for the United States dollar, but also for bitcoin (BTC)’s market share – while slumping dollar prices have prompted some to ask if BTC currently presents a better investment...

, by Tim Alper

Washington Warned: Launch Digital Fiat or Say Goodbye to USD Dominance

A group pushing for the United States to adopt a digital dollar has warned that failure to launch a central bank digital currency (CBDC) could cost the country dear – and could see the USD lose its status as the world’s reserve currency.In its first white paper, the Digital Dollar...

, by Tim Alper

Digital Yuan Will ‘Co-exist’ with Alipay, WeChat Pay – China Telecom

A China Telecom executive has hinted that the digital yuan and third-party payment apps will likely co-exist in the same financial ecosystem – although he stopped short of saying whether or not the forthcoming central bank-issued token would be interoperable with apps such as WeChat Pay and...

, by Tim Alper

Central Banks Could Partner with Private Sector on CBDCs

The idea of central banks running the entire central bank digital currency (CBDCs) show is "out the door," and is being replaced by the private-public partnership, according to Tommaso Mancini-Griffoli, Deputy Division Chief in the Monetary Capital Markets Department at the International Monetary...

, by Sead Fadilpašić

# CBDC (Page 52)

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