#central bank digital currency News

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...

Chinese State Media Organization Prints Bitcoin Overview Article

Cryptographic Law Passed in China, Blockchain and Crypto Education Videos Promoted by Government

October 27, 2019 by Aisshwarya Tiwari at News

The Publicity Department of the Central Committee of the Communist Party of China (CCPPD) has added video lessons to its official digital platform that gives insight into the potential of blockchain technology and major cryptocurrencies like Bitcoin (BTC), Ether (ETH), and smart contracts at large. This, according to a report...

China National Blockchain Network Goes Live April 2020

China Avoids Rushing the Launch of its Central Bank Digital Currency

September 24, 2019 by Ashwath Balakrishnan at Altcoins

Chinese officials have confirmed that they have no timetable in place for the launch of their central bank digital currency (CBDC). This comes just weeks after a formal announcement by the PBoC that a launch is being scheduled by year-end. Global Times reports, September 24, 2019, that China is actively...

China CBDC Libra Painting Red China Flag

China Confirms its CBDC is Similar to Facebooks Libra

September 7, 2019 by Ashwath Balakrishnan at Altcoins

China's upcoming digital currency is reportedly going to be very similar to Libra in terms of network design, but it will take a more holistic approach to find harmony between money-laundering prevention and anonymous payments. EJ Insight reports that the country initially set up a research team to launch a...

Detailed Analysis of China’s Central Bank Digital Currency

August 29, 2019 by Ashwath Balakrishnan at Adoption, Blockchain

Earlier this month, China publicly confirmed that they have been working on a central bank digital currency (CBDC) and will look to roll out it sometime this year. Binance Research published a detailed review of the structure and issuance mechanism for the network and the underlying currency, August 28, 2019....

Crypto Club Shop Blue China Red Remninbi

Tech and Banking Giants First to Receive China’s Sovereign Cryptocurrency

August 28, 2019 by Ashwath Balakrishnan at Altcoins

Alibaba, Tencent, Union Pay, and other large financial institutions are reported to be the the first receivers of China's sovereign cryptocurrency initiative, as per Forbes, August 27, 2019. Paul Schulte, the ex-head of global financial strategy at the China Construction Bank is the main spruce behind the information. A second...

Central Banker contemplating a central bank digital currency over the dollar

Global Central Bank Digital Currency as a Catalyst for the Demise of the U.S. Dollar

August 26, 2019 by Ashwath Balakrishnan at Finance

Earlier this week, Mark Carney, the governor of the Bank of England, brought up the idea of a central bank operated digital currency akin to Libra to bring an end to the dominance of the U.S. dollar as the global standard for trade and international hedges. Bloomberg extensively covered the...

Central Bank Digital Currencies May Come Sooner than Expected

July 1, 2019 by Edoardo Vecchio at Finance, Regulation

After the official announcement of Libra, Agustín Carstens, the general manager of the Bank for International Settlements (BIS), revealed that central banks may adopt digital currencies sooner than we expect. The fear is that big tech groups such as Facebook could establish a dominant position in global finance and pose...

Hong Kong and Thai Authorities Sign Fintech MoU

May 16, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter,...

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