CBDC Archives - Free Bitcoin Earning Sites

CBDCs Are Not That Stable And May Eventually Kill Bitcoin, Says Financial Expert

May 15, 2021 AA News, Bitcoin, BTCEUR, BTCGBP, BTCUSD, BTCUSDT, CBDC, Crypto News, Deutsche Bank Eddy 0

Edward Chancellor – a British journalist and financial historian, explained that the first central bank digital currencies are likely to raise inflation which can lead to the destruction of Bitcoin. He agreed that CBDCs are ”cool” but certainly not stable. CBDCs Would Mean The End Of BTC Nowadays, many central banks of numerous leading economies […]

Bank of England deputy governor says a CBDC is ‘probable’ if public money is to survive

May 13, 2021 Bank of England, CBDC, Central Bank, Cryptocurrency, Stablecoins Eddy 0

Sir Jon Cunliffe, deputy governor of the Bank of England for stability, said Thursday that it “looks probable” that the United Kingdom’s central bank will issue a digital currency if public money is to survive the growing expansion of private alternatives. “We may not be there yet. But it looks probable in the UK that if we […]

Bank of Israel Drafts Model of a Digital Shekel

May 13, 2021 bank of israel, Bitcoin, CBDC, Central Bank, crypto, Cryptocurrencies, Digital Currency, digital shekel, discussions, DLT, draft, Finance, israel, model, plan, project, shekel, suggestions Eddy 0

The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. The Israeli central […]

A first-hand look at China’s new digital yuan wallet

May 12, 2021 CBDC, Central Bank, China, e-cny Eddy 0

Quick Take The Block was able to access China’s new e-CNY wallet from inside the mobile app of the Industrial and Commercial Bank of China. A hands-on review shows that the e-CNY wallet is fully functional and can be used to pay for goods and initiate transactions. This feature story is available to subscribers of […]

Boston Fed president says CBDC research is focused on benefits and costs beyond technology

May 12, 2021 Boston, CBDC, Central Bank, central bank digital currency, digital dollar, Federal Reserve, Payments and Banking Eddy 0

The U.S. Federal Reserve is weighing the potential risks and rewards of a digital currency beyond the technological implications, according to statements from the president of the Boston Fed made Wednesday. According to a report from Reuters, Boston Fed Bank President Eric Rosengren indicated that issues such as privacy and financial stability will play a […]

Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report

May 11, 2021 Altcoins, CBDC, china digital currency, chinese digital currency, Digital Currency, Digital Yuan, PBOC, Privacy, shenzhen, wallet privacy Eddy 0

With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg, residents in Shenzhen, the Chinese analog to Silicon Valley, have shown little interest […]

China’s digital yuan inches closer to full rollout with AliPay, ICBC activations

May 10, 2021 CBDC, Central Bank, China, Digital Yuan Eddy 0

The Industrial and Commercial Bank of China (ICBC), one of the largest banks in the world by total assets, appears to have quietly allowed public users to activate China’s central bank digital currency wallet inside its mobile app. ICBC users from at least Chengdu, one of the first cities to begin testing the digital yuan, […]

China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning

May 9, 2021 Banks, biometrics, CBDC, Central Bank, China, China's DCEP, chinese banks, Chutian Dragon, crypto assets, Cryptocurrency, Dalian, Digital Yuan, e-cny, Fingerprint, IDEX Biometrics, News, PBOC, Smart Card Eddy 0

The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments […]

Kazakhstan Is Preparing the Launch of a CBDC Pilot With Private Financial Companies

May 8, 2021 Asia, CBDC, CBDCs, Central Bank, central bank digital currencies, Economics, financial industry, kazakh, Kazakhstan, PILOT Eddy 0

Central bank digital currencies (CBDCs) are steadily becoming a serious discussion among governments globally, with Kazakhstan as the latest country unveiling its plans. The National Bank of Kazakhstan is making preparations to launch a CBDC pilot program soon. The National Bank Released a Public Consultation Paper According to the announcement published on their website, the […]

Electronic Transactions Association Proposes 7 Guiding Principles for a Digital Dollar

May 7, 2021 CBDC, consumer protection, digital dollar, ETA, Federal Reserve, Finance, guiding principles, payments, payments industry, principles, private sector, Recommendations, Regulation, trade association, transactions Eddy 0

The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial services for all […]

Category: CBDC