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The Bahamas has launched the Sand Dollar, making it the first country in the world to officially release a central bank digital currency (CBDC) beyond the testing phase.
This makes The Bahamas one of the first countries in the world to officially launch a CBDC beyond a pilot program.
The German central bank is considering alternatives to CBDC as a digital payment solutions
The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).
As part of China’s rollout of its central bank digital currency (CBDC), the government had a $1.5 million giveaway of digital yuan to its citizens in Shenzhen.
Sky Guo, Co-Founder at Cypherium, will be representing the blockchain sector at the 75th UN General Assembly.
Governor of Saudi Arabian Monetary Authority says central bank digital currencies seem promising and are worth exploring.
Crypto and financial analysts across the globe marvelled at China’s progress in developing and testing its central bank digital currency, the Digital Currency Electronic Payment (DCEP), last week. This came after China distributed 50,000 red packets to citizens randomly picked via a lottery event held over a week ago, and winning participants were given a week to spend their red packets amounting to 200 RMB each at affiliated stores and merchants.
Important questions about CBDCs remain unanswered for the Kiwis' central bank.
The platform would aid central banks in Asia with developing a central bank digital currency.
Japanese messaging giant Line is developing a platform to aid Asian central banks in their pursuit of central bank digital currencies (CBDC).
Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.
The U.S. doesn't mind coming a bit late to the CBDC party, but is that the wrong approach?