CBDC

The US Congress is Split Over the Digital Dollar: A Plus for China's Leadership in the CBDC
Aug 02, 2021 at 12:29
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The US Congress is Split Over the Digital Dollar: A Plus for China's Leadership in the CBDC
As America tries to catch up in the development of the digital dollar, several obstacles still stand in its way. Congress remains divided on the issue, giving China even more of a chance to win.
60% of Central Banks are Exploring CBDCs: The European Central Bank has Reached the 'Investigation' Stage
Jul 16, 2021 at 10:02
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60% of Central Banks are Exploring CBDCs: The European Central Bank has Reached the 'Investigation' Stage
The European Central Bank has just announced that it has reached the investigative stage of its digital euro project. If successful, the European Union would be the largest economic bloc to implement a Central Bank Digital Currency (CBDC) project. The progress made by the European Central Bank is a step towards a "CBDC era".
Things Are Heating up: Can Nigeria Beat China in the Release of the First CBDC?
Jun 23, 2021 at 11:00
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Things Are Heating up: Can Nigeria Beat China in the Release of the First CBDC?
Despite Africa being the poorest continent on earth with most people living below the poverty line, the continent is out to prove the world wrong when it comes to digital financial technology. The transaction volume of cryptocurrencies is growing steadily, and Nigeria is leading Central Bank Digital Currency (CBDC) innovation in Africa.
Winter Olympics Tickets to Be Sold for State-issued CBDC Digital Yuan
Jun 11, 2021 at 14:28
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Winter Olympics Tickets to Be Sold for State-issued CBDC Digital Yuan
In a move to test its state-owned CBDC dubbed e-CNY, China has given away digital red envelopes embodying its prototype CBDC in Beijing and Shanghai to test the digital yuan (e-CNY). Reportedly, the Winter Olympics (WO) vendors will also allow e-CNY for payments.
China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
May 30, 2021 at 10:01
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China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own central bank digital currency (CBDC) is to keep a close eye on and control the transactions of the citizens.
Exploration Goes on: South Korea Gets Closer to Releasing CBDC
May 27, 2021 at 09:55
News
Exploration Goes on: South Korea Gets Closer to Releasing CBDC
The issue of central bank digital currency (CBDC) is becoming a hot topic of discussion among several governments. Now, the government of South Korea is seeking better technologies that can effectively lead to the creation of their state-owned CBDC dubbed e-KRW.
South Korea Announces Testing of CBDC Right After Imposing a New Tax Framework; Is It a Coincidence?
May 02, 2021 at 11:54
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South Korea Announces Testing of CBDC Right After Imposing a New Tax Framework; Is It a Coincidence?
Recently, the South Korean Finance Ministry announced imposing a 20% tax on cryptocurrency earnings. Curiously enough, the decision comes a couple of days before the announcement concerning the testing of the digital won. Is this a way to push people away from cryptos?
The CBDC Race Is Getting Tougher in Asia: What to Expect When Thailand Rolls Out Its Own Digital Currency?
Apr 08, 2021 at 13:31
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The CBDC Race Is Getting Tougher in Asia: What to Expect When Thailand Rolls Out Its Own Digital Currency?
This decade has witnessed a high wave of central banks wanting to make digital versions of their fiat money, also called the Central Bank Digital Currency (CBDC) following the success of cryptocurrencies. Thailand just announced it would be unveiling its own CBDC next year. What shape does the race take after then?
4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
Apr 04, 2021 at 11:44
News
4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
The features presented by blockchain would be forcing central banks to adopt and use the technology on a large scale, but some governments including China, Jamaica, etc., don't want their central banks to use the tech in the issuance and distribution of their own state-backed central bank digital currency (CBDC).
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