#central bank digital currency News

Bank of England Deliberating Digital Currency Issuance, Governor Says

July 14, 2020 by Aisshwarya Tiwari at Regulation

The U.K.’s central bank, the Bank of England (BOE), is assessing whether it should launch a central bank digital currency (CBDC), Bloomberg reports, July 13, 2020. Bank of England Evaluating the Necessity for CBDC In a webinar event with students on Monday, Bailey touched on the possibility of a U.K....

Chinese Transportation Giant Didi Chuxing to Trial DCEP

July 8, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Didi Chuxing Technology Co., China’s leading mobile transportation firm founded by Cheng Wei in June 2012, has announced that it has joined forces with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The alliance will enable Didi Chuxing to trial and explore the nation’s central bank...

Maple leaf coin representing cryptocurrency in front of Canadian flag. The First Cryptocurrency Investment Fund launches in Canada, providing a safe way to invest in bitcoin

Bank of Canada Experts Say CBDC Model Should Be Made Accessible

June 30, 2020 by Anthonia Isichei at Regulation

Some analysts from Canada’s central bank, the Bank of Canada (BoC), opined that some of the key characteristics of a proposed central bank digital currency (CBDC) model should be accessibility, efficiency, affordability, and resilience. Bank of Canada CBDC Could Adopt Cash Characteristics The Bank of Canada published a new staff...

Thailand: Central Bank Partners with SCG for CBDC Pilot Test

June 19, 2020 by Osato Avan-Nomayo at Regulation

Thailand’s central bank in partnership with SCG — one of the country’s largest conglomerates — is set to run a pilot test for a central bank digital currency (CBDC). Thailand Moving Forward with Digital Currency Plans According to the Bangkok Post, SCG has signed a memorandum of understanding (MoU) with...

China's e-yuan Digital Currency Part of Concerted 2020 Fintech Push

China: CBDC Issuance Could Be Fast-Tracked for COVID-19 Stimulus Payments

May 26, 2020 by Osato Avan-Nomayo at Regulation

China’s planned digital currency electronic payment (DCEP) project may be accelerated to have the central bank digital currency (CBDC) available for COVID-19 stimulus package payments. The news is the latest in a string of government-led actions aimed at advancing the adoption of blockchain technology in the country. Beijing Keen on...

South Korea: Central Bank Launches Pilot Program for Digital Won

April 6, 2020 by Anthonia Isichei at Regulation

The Bank of Korea, South Korea’s central bank, has commenced a pilot project to study the modalities for the issuance of a central bank digital currency (CBDC). CBDC Not an Immediate Need for South Korea According to an official press release on Monday (April 6, 2020), the experimental scheme began...

Bank of England Doubles Down on Digital Currency Plans

March 13, 2020 by Ashwath Balakrishnan at Regulation

The English central bank has outlined its plans for a CBDC, confirming their intent to act on monetary innovation. According to the research paper, the digital currency will run in tandem with the Real Time Gross Settlement (RTGS) system with intermediaries in charge of issuance to the public, March 13,...

Coronavirus Outbreak Causes Delay in China’s CBDC Project

February 26, 2020 by Anthonia Isichei at Blockchain

The coronavirus outbreak is said to hamper China’s plan to launch its central bank digital currency (CBDC) project before the end of Q1 2020. However, officials are reportedly forging ahead with the CBDC plan and are looking to run the pilot test before the end of the year. Coronavirus Affect...

Sweden’s Central bank Partners Up With Accenture to Launch E-Krona

Sweden’s Central bank Partners With Accenture to Launch E-Krona

December 17, 2019 by Edoardo Vecchio at Altcoins

The Swedish central bank announced that Accenture, an Irish-domiciled multinational professional services company, will be its technology partner to create a pilot platform for a central bank digital currency (CBDC) known as the e-krona. The news was released by all-stocks.net on December 16. Sweden: Cashless Society and Digital Transformation Sweden is...

European Central Bank (ECB) Ready to Launch Digital Euro to Improve Payments

December 5, 2019 by Edoardo Vecchio at Bitcoin

The European Central Bank (ECB) would be considering the possibility of issuing its own digital Euro if the private sector fails to guarantee a convenient changeover for cross-border payments. The news was published by Bloomberg on December 4. Jumping on the CBDC Ship The European Central Bank has joined the...

Pages: 123Last Page