Latest Posts with CBDC tag

CBDC

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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...

Mommin' It Monday - Stream 20 - Crypto News Nov 2, 2020

3 Nov 2020 1 minute read 0 comments Mamaecrypto

Our 20th episode of the Mommin' It Monday is simply packed with the latest headlines in crypto. Join me and Lisa as we dive into a variety of topics.    We start by discussing the latest article in my blog, "What Americans are Invested in", and pull...

OMG Look to Power CBDCs with Plasma

2 Nov 2020 1 minute read 0 comments Tomadachi

OMG Network, previously known as OmiseGo, are promoting their Plasma Blockchain Technology as a means for central banks to roll out their own digital currencies (CBDCs) to "...Encourage economic growth, improve monetary policy implementation, and fos...

Australia's Central Bank To Run CBDC Pilots on Ethereum Tech

2 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

On November 2, Australia’s central bank announced that it had partnered with ConsenSys and several national financial institutions to explore the issuance of a central bank digital currency (CBDC). Australia’s Reserve Bank, the nation’s central bank...

European Central Bank Asks Public for Their Opinion on a Digital Euro

2 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

European Central Bank (ECB) President Christine Lagarde announced on November 1 that the bank had launched a public consultation for the implementation of a digital euro. Lagarde said that plans for a digital euro were still in the “review and consi...

The Growing Digital Currency Frenzy - Countries Develop Now or Risk Falling Behind. Tezos Adoption

30 Oct 2020 1 minute read 0 comments Aware1

Countries from the world, led by China, are increasingly announcing developments related to the creation of digital currencies to represent their national currencies, and it could spell the end for the dominance of the US Dollar on the global stage....

3 Major Fintech Trends 2020

30 Oct 2020 1 minute read 0 comments SatoshiConomy

These 3 Fintech Trends are exerting massive pressure upon the direction of global P2P Fintech innovation in 2020:  1) CBDC's, 2) Institutional Investments into Bitcoin and Cryptos, and 3) Decentralized Finance, a.k.a. "DeFi." Listen in as "ZonZ" disc...

Societe Generale Picks ConsenSys for CBDC Guidance

29 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

French multinational investment bank Societe Generale selected ConsenSys for guidance on its Central Bank Digital Currency (CBDC) initiative, according to a press release issued on October 28. Societe Generale - Forge, the bank’s CBDC pilot program,...

Regulatory framework for digital Yuan is out

25 Oct 2020 1 minute read 1 comment Blindworld

CBDCs was in the spotlight for a few months now. China recently tested its Digital Yuan payment system in Shenzen where citizens claimed approximately 30$ worth yuan and spent it across shops. A proper regulatory framework was a requirement for a CBD...