#national digital currency News

PBoC Appears to be ‘Neutral’ Regading the Underlying Technology of its Digital Currency

November 11, 2019 by Edoardo Vecchio at Blockchain

After statements from Chinese President Xi Jinping regarding the possible developments of blockchain technology in the nation, a representative of the People Bank of China stated instead that the institution is neutral with respect to the underlying technology that will be used to develop the digital currency. The story was...

China Hatching Plans to Launch National Cryptocurrency, DCEP

October 28, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

The People's Bank of China (PBoC) is making active plans to launch the nation’s Digital Currency Electronic Payment System (DCEP). The digital currency will first be tested with commercial banks, according to a tweet on October 28, 2019. China’s PBoC Set to Launch DCEP Despite placing a blanket ban on...

Putin checking out some bitcoin russia flag

Russia Remains Crypto-Aware but Doesn’t see the need for a National Digital Currency

October 11, 2019 by Ashwath Balakrishnan at Altcoins

President of the Russian Central Bank, Elvira Nabiullina, believes there is no immediate need for Russia to explore launching a sovereign digital currency. Despite having studied and researched these topics, the central bank doesn't believe there are any obvious benefits to the economy, as reported by TASS, October 10, 2019...

Hands Opening a Wallet with Blockchain Strands Coming out

China: Digital Currency Experiments and Research to be Headed by Shenzhen

September 30, 2019 by Edoardo Vecchio at Altcoins

Shenzhen will be the testing grounds for China's fascinating digital currency ambitions, this according to a central government document. As reported by Beloit Bulletin, September 30, People's Bank of China (PBoC) plans to launch a significant research effort pertaining to the development of China's national digital currency and others with...

Vienna Statue Horse Orange Blockchain Austria

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...