CBDC

Japan Joins the CBDC Race With A ‘Digital Yen' Trial; 30 Major Firms Will Start Experiments In 2021

While China has already successfully run the pilot test of its digital yuan, now Japan is getting ready to do the same. In its attempt...

Digital Currencies Could Mitigate, If Not Eliminate, Negative Interest Rates: BoE Chief Economist

The chief economist for the Bank of England, Andy Haldane, says digital currencies could reduce the country's prevalence of negative interest rates. In a...

ECB’s President ‘Hunch’ is EU Might Push Forward with CBDC Plans; Decision to be made in January, 2021

European Central Bank (ECB) president, Christine Lagarde, said on Thursday that the EU would make its decision on whether to pursue a digital euro...

The Federal Reserve & European Central Bank Are ‘Committed' to CBDC But ‘Not Racing to be First'

Jerome Powell, Chairman of the Federal Reserve, reaffirmed this week that he is committed to evaluating the costs and benefits of the digital dollar. “Here...

Low-Interest Rates & Privacy Concerns Hindering Advanced Economies’ CBDC Progress: Deutsche Bank

In its latest report titled “Konzept,” while proposing taxing those who work from home, Deutsche Bank advises on promoting digital currencies. In order to rebuild...

Lebanon to Launch a CBDC in 2021 to Boost Confidence In the Country’s Banking Sector

According to the country's central bank governor, Riad Salameh, Lebanon is set to debut its own Central Bank Digital Currency (CBDC) in 2021. Bloomberg,...

The UK to Lead in New Technologies “Stablecoins & CBDCs” Following the Departure from the EU: Chancellor

Chancellor Rishi Sunak said on Monday that to maintain certainty and stability for firms in the UK following its departure from the European Union,...

Brazil Becomes The Latest Country To Confirm Plans to Launch A CBDC

Brazil's Economy Minister recently spoke during the celebration of the Caixa Economica Federal's 100 millionth digital savings account, and he used the opportunity to...

Digital Yuan Pilot Records $300 Million in Transactions But No Launch Yet, says PBOC Governor

The pilot program on the digital yuan rollout across four cities - Shenzhen, Suzhou, Xiong’an, and Chengdu has been smooth, said Yi Gang, governor...

Reserve Bank of Australia Selects ConsenSys as one of Its Partners For CBDC Research & Development

The Reserve Bank of Australia (RBA) recently announced they have partnered with several financial institutions to research the potential of distributed ledger technology for...

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