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PortuguêsLeading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds…
Continue ReadingThe Agricultural Bank of China previously debuted digital yuan ATMs this January. China continues apace with the adoption of its central bank digital currency (CBDC) as major banks launch a…
Continue ReadingChina reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments…
Continue ReadingBrazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document…
Continue ReadingNigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In…
Continue ReadingThe central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be…
Continue ReadingRegulatory clarity enables crypto companies to continue to innovate, Zac Prince says. BlockFi CEO Zac Prince agrees with United States Senator Elizabeth Warren that there is a lot of noise…
Continue ReadingThe Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. Rakiya Mohammed, an IT specialist at the Central Bank…
Continue ReadingThe central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies. The Bank of France and the Swiss National Bank are teaming up with the…
Continue Reading“The threats posed by crypto show that congress and federal regulators can’t continue to hide out, hoping crypto will go away,” said the Massachusetts senator. Democratic Senator Elizabeth Warren did…
Continue ReadingFinancial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital…
Continue ReadingSix East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which…
Continue ReadingResearch into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts. The Hong Kong Monetary Authority (HKMA) has published its “Fintech 2025” strategy with…
Continue ReadingThe Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency. The Bank of…
Continue ReadingAs part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital…
Continue ReadingKalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank…
Continue ReadingGhana is striving to become the first African nation to float a central bank digital currency. The Bank of Ghana (BoG) is reportedly moving towards the introduction of a central…
Continue ReadingThe digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a…
Continue ReadingChina’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3…
Continue ReadingThe ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.” The European Central Bank has…
Continue ReadingBeijing residents should apply to participate in the lottery until midnight on June 7. The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials,…
Continue ReadingAward-winning journalist Colin Wu is crypto-Twitter’s bridge to the Chinese press. He extracted and translated the main points of an article from CaiXin magazine, “which is most recognized by Chinese…
Continue ReadingRiksbank Governor Stefan Ingves says there’s “good reason to believe” that more regulatory oversight of cryptocurrencies is in the pipeline. Cryptocurrencies’ persistent growth and ever more mainstream adoption is keeping…
Continue ReadingAccording to billionaire investor Ray Dalio, China’s digital Yuan will outpace the United States’ efforts to create a central-bank digital currency. In an interview with CNBC, The Bridgewater Associates founder…
Continue ReadingChinese “crypto dad” and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government. China’s digital yuan will utilize smart contracts, and will be…
Continue ReadingSveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals…
Continue ReadingSweden will trial its CBDC with a live banking participant. The experimentation will involve participation between Riksbank and Handelsbanken, a retail bank chain based in Sweden. Sweden has made a…
Continue ReadingThough Danmarks Nationalbank’s governor seems tempted to ignore cryptocurrencies, other banks in the country continue to launch new services based on crypto. Crypto trading volumes continue to increase, but several…
Continue Reading55% of survey respondents said that they were aware of crypto despite never owning or using cryptocurrencies. Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of…
Continue ReadingAmid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency. The Bank of Canada does not see a…
Continue ReadingBybit, a popular crypto derivatives exchange that originated from China has announced it would be terminating all accounts registered with a Chinese phone number by June 15. Termination Is In…
Continue ReadingChina’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth…
Continue ReadingEconomic researcher Jeff Snider joined “Fed Watch” to discuss the eurodollar, CBDCs and Bitcoin. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this…
Continue ReadingWhile CBDCs could help central banks address the decline in cash payments, some risk factors remain. Central bank digital currencies, or CBDCs, could pose a threat to financial systems if…
Continue ReadingThe Governor of the Bank of England, Andrew Bailey, made the organization’s current position on cryptocurrencies clear in a recent press conference. When asked about the incredible year that the…
Continue ReadingCBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard. While key central bank figures in the West like Jerome Powell…
Continue ReadingThe Digital Yuan is imminent. The time for Central Bank Digital Currencies is near us. Sooner than later, CBDCs will be the norm. And the Digital Yuan will break ground.…
Continue ReadingMajor tech and commerce firms have been instrumental in helping China‘s central bank develop the digital yuan. Major Chinese technology and commerce firms are starting to open up regarding their…
Continue ReadingIn the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal’s CEO predicted. The demand for cryptocurrency exceeded…
Continue ReadingA private version of Klaytn is in being developed in order to take part in South Korea‘s CBDC pilot, to be launched later this year. Ethereum software company ConsenSys has formed…
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