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The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities.
The Banque de France announced the successful completion of a CBDC pilot programme testing the function of interbank settlements, where transactions were executed on a blockchain-based platform. This was facilitated by UK-based blockchain firm SETL and its private blockchain, which was utilized to process €2 million (~$2.4 million USD).
Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration.
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology.
Central Bank Digital Currencies, or CBDCs, will likely affect Bitcoin in some fashion.
Stephen Harper, the former prime minister of Canada, has named Bitcoin as a possible reserve currency in the future.
How would mass-scale CBDC issuance impact the crypto space?
The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond.
China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.
The European Central Bank (ECB) reports that it has received 8221 comments regarding its consultation on a digital euro or central bank digital currency (CBDC). Chief among the comments are privacy concerns as government ledgers for a digital currency raises serious questions about data control.
The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.
2021 and 2022 are touted to be the most important years for the development of CBDCs.
The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan.
After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks.