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Tuesday, January 26, 2021

CBDC

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The Bahamas beats China by launching the world’s first CBDC

The Central Bank of the Bahamas has just released its national cryptocurrency, the Sand Dollar. In doing so, the country became the world's first nation...

US won’t issue a CBDC until the Fed resolves all of the details

US Fed's chairman, Jerome Powell, recently spoke about the possibility of issuing the digital dollar. There is a large demand for cash in the US,...

China conducts one of the biggest public CBDC tests

China recently held a crypto lottery in which it distributed 10 million yuan. Over 2 million people applied for the lottery, and 50,000 people won...

Japan’s central bank to start CBDC tests next year

The Bank of Japan is preparing to starts the tests of its CBDC in FY 2021, starting in April. A new report issued by the...

Hong Kong Monetary Authority wants ConsenSys to develop technology for CBDC

Blockchain tech company ConsenSys announced that it would work on the second phase of ‘Project Inthanon-LionRock,’ which will allow the firm to design a...

Australian Reserve Bank says there is no need for a CBDC

The Reserve Bank of Australia recently published a paper commenting on CBDCs. In it, the bank said that there is no need for its own...

People’s Bank of China: issuing CBDC is a new global ‘battlefield’

An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), stated that China had to become the first...

PBOC commentary: China must be the first to issue CBDC

China still leads the CBDC race, although it recognizes the importance of being the first to launch it. The country has the advantage, the technology,...

At least 3 nations to replace their currency with CBDC by 2030: report

Three to five nations worldwide will entirely replace their fiat currency with a central bank digital currency, or CBDC, by 2030, a European think...

Korean central bank to choose a partner for its CBDC program

South Korean Bank of Korea is now looking for a partnering firm for CBDC development. After completing phase one of the CBDC pilot program, which...
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