CBDC Archives - Page 2 of 6

Shenzhen Announces 20 Million Digital Yuan Giveaway

January 4, 2021

Shenzhen, one of the most populous cities in China announced that its residents will be able to receive 20 million digital yuan, worth nearly $3 million as a gift. Shenzhen joins Suzhou to test the real-life ...

Global Economies Demand Clear Crypto Regulations

December 8, 2020

The US Department of the Treasury announced on Monday that finance ministers and central bank officials from G7 countries backed crypto regulations. The attendees discussed the recent developments regarding C...

BIS Announces Successful Testing of CBDC Project Helvetia with SNB and SIX

December 3, 2020

The Bank of International Settlements (BIS), along with financial market infrastructure operator, SIX and the Swiss National Bank, announced today that the organisations have successfully completed a joint pr...

Christine Lagarde Feels ECB Will Launch a Digital Euro

November 13, 2020

Christine Lagarde, President of the European Central Bank (ECB), said in a statement on Thursday that she believes the ECB will proceed with the launch of a digital euro in the next two to four years. Lagard...

Lebanon to Launch Digital Currency in 2021

November 11, 2020

Lebanon’s central bank has become the latest monetary regulator to move towards the launch of a central bank digital currency (CBDC) and is planning for a launch next year. According to a report by the local...

US Fed Economists Are Researching The ‘Intrinsic’ Value Drivers Of CBDCs

November 10, 2020

US Fed economists are researching the 'intrinsic' value drivers of CBDCs. In a new analysis that was posted on its website on Monday, the United States Federal Reserve has expanded its study on central bank d...

UK Drafting Stablecoin Regulations Proposal And Researching CBDC

November 10, 2020

UK drafting stablecoin regulations proposal and researching CBDC. The United Kingdom Treasury Department has announced that it is preparing legislation to control private stablecoins. It is also investigating...

UK Outlines Plan for Stablecoins and a Central Bank Digital Currency

November 10, 2020

The UK Treasury Department announced on Monday that the authority is working on a draft to regulate privately owned stablecoins. The department added that it is actively researching about central bank digital...

Norges Bank Rejects Urgency Regarding Central Bank Digital Currency

November 9, 2020

The official from Norges Bank (central bank of Norway), said that there is no acute need to introduce a central bank digital currency (CBDC) for real-time payments. Ida Wolden Bache, Deputy Governor at Norges...

Pandemic Accelerated Regulators’ Interest In CBDCs Says Russia Central Bank

November 7, 2020

Pandemic acclerated regulators' interest in CBDC's says Russia Central Bank. Representatives were unanimous in their predictions of the far-reaching implications of the current crisis at an online meeting of ...