Latest Posts with CBDC tag

CBDC

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Monerium and Algorand : CBDC ready

20 Nov 2020 6 minute read 7 comments Andrzej_0xa0

Public debate in Europe around CBDC got reactivated over the past weeks. Finance chiefs from the euro zone stated that more regime is needed to control digital currencies and keep private initiatives such as Facbook’s Libra from treating financial st...

Goldman Sachs Predicts that China’s CBDC Will Have 1B Users by 2030

20 Nov 2020 1 minute read 12 comments Abhimanyu Krishnan

Multinational investment bank Goldman Sachs, in a report made public on Nov. 17, said that it expects China’s digital yuan CBDC to reach 1 billion users within 10 years. According to the report, the digital yuan would reach 1 billion users and accou...

Ukraine is the world's leader in Crypto Adoption for 2020

20 Nov 2020 2 minute read 11 comments PVMihalache

The Ukrainian Government is planning to overcome France in the effort to adopt a Central Banking Digital Currenty (CBDC) and to make the country a crypto leader in Europe. The Ukraine is currently ranked number one in the Global Crypto Adoption Index...

Another big Digital Bank Currency project selects Tezos and Ethereum: the DIBC

18 Nov 2020 1 minute read 0 comments Allen Walters

This project will focus on interbank transactions. This is different from the previous Central Bank Digital Currency (CBDC) project from Banque de France. CBDC focuses on the development of a "stable coin" that will represent a digital form of bankno...

CorionX and the Money in the Right Direction Movement

16 Nov 2020 4 minute read 2 comments Crypto Adventure

As more research is done on the application of decentralized systems into day-to-day interactions, the interest in cryptocurrencies continues to gain traction. Today, central banks are making efforts to launch the Central Bank Digital Currencies (CBD...

CBDCs for the Captive, Bitcoin for the Free?

14 Nov 2020 3 minute read 1 comment Tomadachi

Someone wiser than me once said, "Listen to people when they are angry, because that is when the real truth comes out."  Old poets however, from Chaucer to Ebsworth, have suggested humour is the place where truth can be found, spawning the adage: "Ma...

ECB President: Digital Euro Could Launch in 2 Years

13 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

European Central Bank President Christine Lagarde, in a virtual panel discussion on central banking held on Nov. 12, said that it was “her hunch” that a digital euro would be released in a few years. Lagarde was one of the speakers in a panel discus...

Jonas Gross on the Path to a Digital Euro

10 Nov 2020 1 minute read 0 comments dGen

Jonas Gross and his colleagues at the Frankfurt School Blockchain Center are at the forefront of programmable money and Central Bank Digital Currency research. We were lucky enough to have their insights in our recent report, "CBDCs: Geopolitical Ram...

China Will Probably Test CBDC in Beijing Soon

10 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

China is readying a pilot for its CBDC in the capital of Beijing, according to a report from local media outlet Sina on Nov. 9. The Beijing Local Financial Supervision and Administration and the Tongzhou District government held a conference where t...

Over $300 million in China’s CBDC Has Been Spent

3 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

According to a report from Reuters on November 2, China’s Digital Yuan CBDC has already seen approximately $300 million spent by citizens. Speaking at Hong Kong’s “Fintech Week” conference, Governor of the People’s Bank of China Yi Gang said that mo...