Central Bank

People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
Sep 15, 2020 at 13:00
News
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
When released, China’s Central Bank Digital Currency (CBDC) might replace fiat yuan in circulation. At least, that was what Fan Yifei, the Deputy Chairman of the People’s Bank of China (PBoC), stated in his article published at Financial News local outlet.
Central Banks to Test Implementation of CBDC thanks to MasterCard’s New Simulator
Sep 11, 2020 at 09:57
News
Central Banks to Test Implementation of CBDC thanks to MasterCard’s New Simulator
A multinational payment bull MasterCard offers a virtual platform to test the potential of central bank digital currency (CBDC). The company wants to help central banks globally that are planning to develop, analyze and explore their state-backed virtual currencies.
Bank of England: Payment Innovations Gaining Momentum
Sep 06, 2020 at 11:02
News
Bank of England: Payment Innovations Gaining Momentum
The governor of the Bank of England admitted that payment innovations like cryptocurrency, stablecoins, central bank digital currencies (CBDC), etc., have been gaining momentum due to the lockdown.
Major Crisis Coming: Global Whales Turn to Bitcoin
Aug 23, 2020 at 10:43
News
Major Crisis Coming: Global Whales Turn to Bitcoin
The COVID-19 pandemic has changed the world a lot. The lockdown affected most global industries, having caused one of the biggest crises for the past decades. However, world financial experts predict the situation can become even worse and lead to the complete death of the US dollar.
China Is Approaching the Release of Digital Yuan by Expanding its Trials
Aug 16, 2020 at 11:09
News
China Is Approaching the Release of Digital Yuan by Expanding its Trials
As the idea of issuing the Central Bank Digital Currency (CBDC) is gaining traction worldwide, China makes practical steps to make their digital yuan release closer. Now, the country is going to expand its trials to test the CBDC potential on a larger scale.
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.
Safe, Simple and Secure: Cryptocurrency Could Disrupt Cross-Border Transactions
Jul 10, 2020 at 13:09
News
Safe, Simple and Secure: Cryptocurrency Could Disrupt Cross-Border Transactions
The traditional method of moving money abroad has always been associated with high transfer and money conversion rates, unnecessary delays, annoying paperwork and bureaucracy, but the rise of cryptocurrency as a competing instrument seems to provide many easy alternatives.
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.
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