CBDC

Great Britain is Exploring CBDC; Are They Going to Follow China?
Jul 14, 2020 at 13:55
News
Great Britain is Exploring CBDC; Are They Going to Follow China?
The Bank of England is exploring the possibility of creating its own digital currency. However, it is unlikely that the project is actually implemented before the next couple of years.
How Might the Legal Status of Cryptocurrency Change Amidst Growing Interest in CBDCs?
Jul 11, 2020 at 11:47
News
How Might the Legal Status of Cryptocurrency Change Amidst Growing Interest in CBDCs?
The legal status of cryptocurrency has been and still is very contentious worldwide, with some countries recognizing them as a medium of payment, while in others, mere ownership of crypto is enough to get you to prison. Will the increasing global attention to CBDCs change anything?
Europe Is Going to Trial CBDC with Lithuania at the Forefront
Jul 06, 2020 at 10:18
News
Europe Is Going to Trial CBDC with Lithuania at the Forefront
Amidst rapid digitization of the world, central banks are making efforts to keep pace. Nevertheless, while Asian countries such as China have been actively developing its Central BankDigital Currencies, Europe has been cautiously exploring it. But now it seems the continent will see its first CBDC as soon as this week.
Bank of Thailand Plans to Create Digital Currency Prototype for Corporate Sector
Jun 20, 2020 at 11:01
News
Bank of Thailand Plans to Create Digital Currency Prototype for Corporate Sector
The Central Bank of Thailand (BoT) is creating a CBDC prototype called Project Inthanon for the business and corporate sectors.
There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted
Jun 19, 2020 at 10:50
News
There Might be a War Between Cryptocurrency and CBDC if the Latter is Widely Adopted
As the world becomes increasingly digital, more and more people turn their attention to cryptocurrencies. In fear of fiat money being replaced, governments and central banks are looking to create their own digital currency. However, as their plans will be implemented, the world might face a full-scale financial war between centralized and decentralized technologies.
South Korea will Revise its Regulatory Framework Before Launching Digital Won
Jun 15, 2020 at 13:42
News
South Korea will Revise its Regulatory Framework Before Launching Digital Won
The Bank of Korea established an advisory group to revise the legislative framework before the launch of the digital won. Despite their CBDC will more resemble a digital version of fiat currency, it is obvious that the existing financial legislation should be adjusted to the circulation of a new digital asset.
Cryptocurrency Can Become a Medicine to Treat the Challenges Caused by Covid-19
Jun 13, 2020 at 12:52
News
Cryptocurrency Can Become a Medicine to Treat the Challenges Caused by Covid-19
Who would ever think that coins can be used to halt the spread of diseases? Most of the people used to think that cryptocurrencies are only used for payments and investments purposes.
CBDC May Threaten Commercial Bank Existence, Fed Report Shows
Jun 11, 2020 at 10:14
News
CBDC May Threaten Commercial Bank Existence, Fed Report Shows
It has been argued that central bank digital currencies (CBDC) could threaten the existence of commercial banks by eliminating deposits that are the source of loans.
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Jun 03, 2020 at 13:39
News
Japan’s Finance Minister Won’t Adjust Cryptocurrency Tax Rate
Japanese Deputy Prime Minister and Finance Minister Tarō Asō said he disagrees with the plan to lower the cryptocurrency tax to the same level as stocks. At the meeting of the Finance Committee of the House of Representatives, he stated that there was no intention to lower the cryptocurrency tax rate to 20%.
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