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Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China

U.S. Congress sees a new bill looking to give Americans $2,000 a month for at least a year and mandating the implementation of digital dollar wallets by January 1, 2021.

Fresh details have emerged about ongoing trials of China’s digital yuan, specifically its current implementation in Suzhou — a major city in Jiangsu Province.

China was one of the forerunners in developing a central bank digital currency (CBDC) months before other countries and their central banks caught on. However, with its long preparation phase, many were beginning to wonder if China’s digital yuan would come to fruition in time, especially as the ongoing COVID-19 pandemic presents an ideal opportunity for the digital currency to be launched. After months of waiting and vague updates from the People’s Bank of China (PBOC), the digital yuan has finally entered a pilot-testing phase in four cities, led by state-owned Agricultural Bank of China (ABC).

Screenshots of a purported pilot version of a wallet app for China’s forthcoming digital yuan are now circulating on social media.

Economist and academic John Vaz believes that Facebook’s Libra stablecoin is still shaping up to be Bitcoin’s strongest competition.

The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era.

The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice o

CBDC: People's Bank of China says its main priority is to enhance top level design of central bank digital currency.

Different vectors of development within the crypto industry have led to the emergence of stablecoins, which could be the most usable type of money in the future.

As the pandemic challenges the global economy and forces people to abandon cash, a CBDC might be the right tool to fix the financial system.

Today, many countries are eagerly investing their resources to create a digital version of their currencies. Cryptocurrencies, once written off by the lawmakers are now inspiring the same authoriti

Despite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders.

France is paving the way for a digital Euro, but how will its CBDC shape up, and what effect will it have on the cryptocurrency industry?

The CARES Act shed light on the possibility of a digital dollar. Meanwhile, a blockchain-based solution is also being explored. Will one of them launch soon?