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With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to t
The new Coronavirus outbreak has pushed Chinese officials to track individual citizens by their medicine purchases, which presents major ramifications for crypto.
The paradox of the situation is that banks with the capacity to push the world into the digital currency era are actually not showing much interest towards adoption; with the reason for their reluc
While banks in emerging markets are moving more rapidly toward issuing CBDCs, other countries appear to be taking a more cautious stance.
China continues to get ahead in the CBDC race, but will Japan attempt to counter it with its own digital currency?
Japanese exchange Bitpoint released data on its massive 2019 deficit, the country’s FSA pointed out tightening regulations, and more in news from Japan this past week.
China has been making rapid progress on the front of creating its own central bank digital currency (CBDC), staying ahead of its competitors in its development. As the creation of a nationwide digital currency has a widespread impact on a country’s economy which has for many years relied on fiat currency and physical cash, China is taking its CBDC development plans seriously as it has filed 84 patents under its digital currency electronic payments (DCEP) system, according to the Financial Times.
The Central Bank of the Bahamas plans to adopt the Bahamian digital dollar pilot in the second half of 2020.
On 11 Feb. U.S. Representative, Bill Foster inquired Jerome H. Powell, the Chair of the Federal Reserve, on the matter of US’s central bank digital currency (CBDC) and to prepare for the Digital Yuan during a financial policy meeting.
U.S. think tank the Heritage Foundation argues that the authorities should ensure consumers can use the preferred currency, instead of launching a digital one.
Blockchain.News interviewed Arslanian at the Asian Financial Forum held in Hong Kong earlier this month, where he was invited to speak on the development of FinTech.
Kozo Yamamoto, State Minister in charge of vitalizing local economies, remarked that Digital Yen should be implemented with 2-3 years, urging Japan’s government to accelerate the development. He also cited that the CBDC’s plan of creating digital currency should be included in the government’s mid-year key policy guidelines.
Chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, is on Capital Hill today testifying in front of the House Financial Services Committee. During the Q&A portion of the Hearing, Powell was asked specifically about Central Bank Digital Currencies (CBDCs) and