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The Canadian central bank would be a better steward of financial data than private stablecoin issuers, according to one deputy governor.
The Group of Seven (G7) will meet on Feb.12 to discuss central bank digital currencies (CBDC), digital taxation and global debt according to Japan’s Finance Minister Taro Aso.
The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt.
The central bank said it will reach a decision on releasing a digital euro "towards the middle of 2021."
The Indian crypto industry sees a brief panic over the government’s plans to ban “private cryptocurrencies” and explore the need for a CBDC.
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection.
China's market regulator finalizes rules that have been three months in the making.
South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency.
SWIFT and the People's Bank of China Digital Currency Research Institute Establish a Joint Venture Public records show that SWIFT has recently established a Financial Gateway Information Service Co., Ltd. in China with the People's Bank of China Clearing Center and the People's Bank of
Central bank officials are not confident in Bitcoin or other digital currencies' ability to serve as legitimate financial instruments.
To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage.