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The Italian Banking Association announced it would be ready to start work on a European central bank digital currency.
The world’s attention is on China who has recorded a great advancement in the development of its central bank digital currency (CBDC). The Chinese CBDC project, also known as digital currency elect
Central bank digital currency (CBDC) is one of the hottest trends in the crypto industry at present and as we see greater digital currency developments worldwide, the progress of China’s digital yuan is of particular importance in a time when other regional powers and superpowers are playing catch-up in the CBDC race. Trials for the digital yuan, also known as the Digital Currency/Electronic Payment (DC/EP) across several cities in China are still ongoing with no set launch date. On June 20, Zhongmin Wang, former Deputy Chairman of the China Social Security Fund Board, elaborated on the changes the DC/EP will bring.
The Italian Banking Association, Associazione Bancaria Italiana (ABI) has decided to participate in projects and experimentations of a European central bank digital currency, recently known as the
President Trump’s opposition to Bitcoin and cryptocurrencies is well documented as is his determination to maintain the US Dollar's global status. According to a passage from ex-national security a
CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking.
A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency.
Singapore is considering a partnership with China as it works on developing a Central Bank Digital Currency dubbed Project Ubin
The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country.
The Bank of Thailand (BOT) announced its plans for a Central Bank Digital Currency (CBDC) prototype to be in effect by 2021. The BOT plans to begin the production of their prototype for a CBDC next
Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies.
Project will see cement company using blockchain network to process suppliers’ payments
The Bank of Thailand (BoT) has announced the cooperation with the private sector to push forward the pilot project for “Inthanon”, a central bank digital currency (CBDC) payment system.
After weeks of dropping the term ‘digital dollar’ in discussions involving the US Congress and Federal Reserve without any confirmation on proceeding with a digital dollar project, US Federal Reserve Chairman Jerome Powell said in a virtual meeting streamed live on YouTube that the creation of a central bank digital currency (CBDC) should be reserved for the central bank and kept out of the private sector’s interference.