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Chinese payments platform Alipay has revealed more details of its role in China’s upcoming CBDC ecosystem through a series of patents released over the past month.
The Bank of China has completed the basic function development of a digital Yuan and it has moved one step closer to launch its CBDC during a middle of global recession.
Tao Zhang, deputy managing director of the International Monetary Fund (IMF), acknowledges the tremendous promise that CBDCs hold and challenges lying ahead.
International Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency.
In an exclusive interview with CT, a senior member of the Japanese government discusses the urgent need to implement a digital yen.
Seychelles-registered BitMex crypto exchange’s content and research arm, BitMex Research, released a report on the economic impacts of central bank digital currencies (CBDCs) with some selected countries highlighted as use cases, such as Sweden and Ecuador. Most central banks in the world, if not all, are considering CBDCs, with some banks forging ahead with pilot programs as some others proceed with greater caution by forming CBDC research teams in the initial phases.
The CBDC race has long been on, and some countries might finish sooner rather than later.
BitMEX Research suggests that the issuance of the CBDC will lead to inflation as cash will be banned.
Sweden’s central bank wants to join Switzerland, Singapore and Hong Kong in hosting the BIS innovation hub.
After some regulatory uncertainty, the U.S. has started its journey to the regulated space for blockchain and DLT industry.
This week, the UK’s central bank issued a discussion paper on how digital currencies could be introduced and used in the country.
Paper sheds new light on BoE’s thinking on design process and possible pitfalls
Russia’s relationship with blockchain and cryptocurrency wasn’t clear, but the country is making steps toward digital economic development.
Blockchain has the potential to change the whole monetary and financial industry. But it still has a long way to go, as currently, the money issuance power is in the hands of central banks. The com