#national digital currency

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Crypto Comes to Austria: Vienna To Launch ‘Vienna Token’

January 29, 2019 by Tokoni Uti at Adoption, Altcoins, Development, News

The Austrian city of Vienna plans to launch ‘Vienna token’, it’s own cryptocurrency as a form of incentive for citizens, as per Trending Topics reports, January 28, 2019 A Crypto Incentive The idea of world governments developing official cryptocurrencies isn’t a new one. Venezuela has its national crypto, the contentious...

Marshall Islands to Launch National Digital Currency Through Physical Blockchain Banknotes

January 28, 2019 by Aisshwarya Tiwari at Finance, News, Regulation, Tech

According to a press release published January 28, 2019, Tangem, a company in the business of producing blockchain smart card wallets, is set to issue the physical notes of the Sovereign (SOV) – the world’s first ever "decentralized digital national currency". The landmark decision to launch a national digital currency...

Central Bank of Norway to Develop Digital Currency Following Decline in Cash Usage

May 22, 2018 by Pratik Makadiya at Altcoins, Finance, News, Regulation

Prompted by the decline in cash usage, Norges Bank, a central financial institution of Norway, is looking forward to developing its own cryptocurrency. As per Norges Bank’s recent report, dubbed the “Central Bank Digital Currency”(CBDC), plans to act as an alternative to fiat currency to “ensure confidence in money and...

China Provides Worrying Insight into the Potential Future of National “Cryptocurrencies”

March 19, 2018 by Priyeshu Garg at Altcoins, Commentary, Finance, News, Tech

Sometimes, life truly does imitate art, just like Oscar Wilde opined. In something that is eerily straight out of the hit Netflix show, Black Mirror, China is set to ban citizens with bad social credit scores from airplanes, trains and other forms of public transportation for up to a year....

Growth in Cryptocurrency: Four Reasons Why it Benefits the Global Financial System

June 29, 2017 by Peter Borovykh at Altcoins, Bitcoin, Commentary, Finance, News

Despite tremendous progress in economic globalization, the global financial system is still very fragmented, with only a few players having an invitation to sit at the table with the big boys. It is evident that blockchain has clear potential to consolidate and, perhaps, even standardize financial markets all over the...

Will a Chinese Sovereign Cryptocurrency Threaten its Banking System and Bitcoin?

March 3, 2017 by Alex Lielacher at Bitcoin, Commentary, News, Regulation, Tech

China’s banks have loaded up on debt for years to fuel their expansions. However, China’s indebted banks are now starting to threaten China’s economic growth outlook. A heavily-indebted banking sector was one of the reasons why China has appointed a new head of banking regulations, named Guo Shuqing, who has...