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Malaysia to Explore the Potential Launch of a CBDC (Report)

January 18, 2022 AA News, CBDC, Crypto News, social Eddy 0

Bank Negara Malaysia (the central banking institution of the nation) has reportedly joined the global race to develop a digital version of its national currency. As of the moment, the project is still in a research mode as the county is only “assessing the value proposition” of such a financial product. Malaysia Enters the CBDC […]

Israeli Policymakers Test the Limits and Risks of Digital Shekel: Report

January 15, 2022 AA News, CBDC, Crypto News, israel, social Eddy 0

In the quest not to fall behind in its drive to develop a central bank-backed digital currency (CBDC), policymakers in Israel reportedly tested stakeholders’ views to determine the risks and limits of a national digital currency. Yoav Soffer, the head of the Bank of Israel’s digital project, announced the trial, as reported by Bloomberg. He […]

British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated

January 14, 2022 Bank of England, British parliament, CBDC, Central Bank, cost of borrowing, digital pound, financial stability, Fintech, Michael Forsyth, UK Treasury Eddy 0

According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making regular payments could […]

Swiss National Bank, Citigroup, and Goldman Tested a Joint CBDC Project: Report

January 13, 2022 AA News, CBDC, Crypto News, social, Switzerland Eddy 0

The Swiss National Bank (SNB), together with five other banking giants, have reportedly tested whether they can process central bank digital currencies within the nation’s financial network. The institutions revealed they were able to integrate CBDCs into their existing core banking systems. The Latest CBDC Trial in Switzerland A January 13 coverage by Bloomberg disclosed […]

Pro-crypto Tom Emmer Introduces Bill to Bar the Fed From Issuing CBDC

January 13, 2022 CBDC, News, Regulations Eddy 0

Congressman Tom Emmer has just introduced a bill that would prevent the US Federal Reserve from issuing a central bank digital currency (CBDC) directly to local consumers, believing that the government entity would be “on an insidious path akin to China’s digital authoritarianism.” “The Fed does not, and should not, have the authority to offer […]

Digital Yuan Wallet Ranks Among Most Downloaded Apps in China

January 12, 2022 app, application, applications, apps, CBDC, China, chinese, Digital Currency, Digital Yuan, e-cny, launch, Lunar New Year, Mobile App, mobile apps, News, payment app, payment apps, payments, PBOC, Promotion, Wallet, Winter Olympics, Yuan Eddy 0

The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch Boosts Digital Yuan Ahead of Lunar New Year and […]

Fed Chair Says A US CBDC And Stablecoins Could Coexist

January 12, 2022 AA News, CBDC, Crypto News, Federal Reserve, Stablecoins Eddy 0

Jerome Powell – chairman of the Federal Reserve – appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he suggested that both could co-exist, without the former replacing the latter. Allowing Stablecoins and CBDCs. Powell discussed the possibility of a Federal […]

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate

January 9, 2022 Alibaba, Alipay, CBDC, Central Bank, Fintech, Linghao Bao, payment app, Social Media, WeChat, WeChat Pay Eddy 0

China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides […]

China’s Digital Yuan Wallet App Now in iOS and Android App Stores

January 5, 2022 CBDC, central bank digital currencies, central bank digital currency, chinese digital currency, DCEP, Digital Currency, Digital Currency Electronic Payment, Digital Yuan, e-cny, PBOC, Regulation Eddy 0

China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android app stores in the country. Digital Yuan Wallet App Now Downloadable From iOS and Android App Stores China’s central bank, […]

China Releases Digital Yuan Wallet Apps for Android and iOS Stores (Report)

January 4, 2022 AA News, CBDC, China, Crypto News, social Eddy 0

The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its own central bank digital currency (CBDC). China’s Most Recent CBDC Push According to a recent tweet by the local news […]

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