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Shenzhen Holds 3rd Lottery for Digital Yuan Giveaway

January 22, 2021 CBDC, Fintech News, News Eddy 0

Ahead of the Chinese New Year in February, the city of Shenzhen is slated to hold its third lottery for digital yuan, which will see another 10,000 Chinese citizens in possession of 200 digital renminbi each. China is placing incredible emphasis on the city as the first major sample for large-scale central bank digital currency […]

France’s Central Bank Completes Interbank Settlement Trial with CBDC

January 20, 2021 CBDC, News Eddy 0

The Banque de France announced the successful completion of a CBDC pilot programme testing the function of interbank settlements, where transactions were executed on a blockchain-based platform. This was facilitated by UK-based blockchain firm SETL and its private blockchain, which was utilized to process €2 million (~$2.4 million USD). According to the bank’s press release, […]

Banque de France tests ‘whole lifecycle of CBDC’ in landmark transaction

January 19, 2021 Banque de France, CBDC, Central Bank, Regulation, setl Eddy 0

Quick Take The parties involved claim the trial is the first time a CBDC has been issued onto a live market infrastructure. SETL, the London-based blockchain firm, helped facilitate the trade. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.

Shenzhen’s latest $3m digital yuan test sees nearly 140k transactions

January 19, 2021 CBDC, Central Bank, China, DCEP, Digital Yuan Eddy 0

Residents in Shenzhen have proceeded nearly 140,000 transactions in digital yuan during a 10-day city-wide test of China’s central bank digital currency, known as DC/EP. The city of Shenzhen conducted a second run of the digital yuan test starting from January 7 by giving away $3 million worth-of digital yuan to 100,000 local citizens via […]

IOTA will be able to host CBDCs, DeFi and decentralized exchanges, says Dom Schiener

January 18, 2021 CBDC, IOTA, MIOTA, News Eddy 0

According to IOTA co-founder Dominik Schiener, the IOTA Smart Contract Protocol can provide the technical foundation for a central bank digital currency (CBDC) IOTA smart contracts will provide “the most flexible developer environment” to host DeFi and decentralized exchanges. IOTA co-founder Dominik Schiener once again took the time to answer some questions from the community […]

Central Bank Digital Currencies [CBDC] Are Inevitable Believes Stephen Harper, Former Canadian PM

January 18, 2021 Bitcoin (BTC), Bitcoin News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, BTCUSD, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, CBDC, central bank digital currencies, News, Regulations, Stephen Harper Eddy 0

During a recent interview, former prime minister of Canada Stephen Harper said that he believes Central Bank Digital Currencies [CBDC] are inevitable and he sees Bitcoin as an alternative reserve currency to the US Dollar. Harper’s comment came during an interview at the 2021 Vancouver Resource Investment Conference with Jay Martin of investment firm Cambridge […]

China’s Blockchain Attempt BSN to Reportedly Integrate CBDCs This Year

January 17, 2021 AA News, Blockchain, Blockchain Adoption, CBDC, China, Crypto News Eddy 0

China is preparing a consequent major take on blockchain adoption. The country is developing a new project aimed at integrating international central bank digital currencies (CBDC) as a part of their recent blockchain endeavor, the BSN. Building a Universal Digital Payment Network as part of 2021 Outlook The country’s national blockchain project, Blockchain Service Network […]

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

January 17, 2021 CBDC, Central Banks, currency, Digital Currencies, digital currency money, Digital Money, IMF, issue digital currency, Legal, legal tender, money, Regulation Eddy 0

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed to issue digital currencies.” IMF Explores if […]

Crypto Twitter: IMF’s Twitter Poll On Digital Currency Goes Viral, What’s so Special?

January 15, 2021 Blockchain News, BTCBUSD, BTCDAI, BTCGBP, BTCPAX, BTCTRY, BTCTUSD, BTCUSD, BTCUSDC, BTCUSDT, CBDC, Digital Currencies, ETHAUD, ETHBRL, ETHBTC, ETHBUSD, ETHRUB, ETHUSD, ETHUSDC, ETHUSDT, ETHUST, IMF, News, Stablecoin News Eddy 0

An interesting twitter poll titled, “Are Digital Currencies Real Money” regarding digital currencies posted by International Monetary Fund [IMF] has already received 75K votes and counting. Surprisingly, more than 80% of all the voters till now agree to this notion and believe Digital Currencies are actual Money. Are digital currencies really money? #poll — IMF […]

Fed Chairman Says US Does Not Have to Be First with CBDCs

January 15, 2021 CBDC, News Eddy 0

Unlike other major powers in the world at present, the US has hardly made any tangible progress with a central bank digital currency (CBDC) and for good reason, says Federal Reserve Chairman Jerome Powell. Due to the possible threat a digital dollar may pose to actual USD, it seems that the agency is not extremely […]

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