#national digital currency News

China CBDC Libra Painting Red China Flag

China Advised to Slow Down Its Pace on National Digital Currency

January 28, 2020 by Anthonia Isichei at Regulation

With China reportedly speeding up the development of its national currency, the digital yuan, some researchers and government officials have called on the Chinese government to exercise caution. While Facebook’s Libra might be a threat, there are suggestions that the government should instead work with global regulatory bodies to regulate...

China’s e-yuan Digital Currency part of Concerted 2020 Fintech Push

December 23, 2019 by Osato Avan-Nomayo at News

While details remain unclear, Reuters is forecasting that China’s proposed e-yuan sovereign digital currency may be one of the breakout fintech developments of 2020. Several finance and crypto pundits continue to state that different nations will move forward with their plans to issue state-backed tokenized versions of their fiat currencies....

China National Blockchain Network Goes Live April 2020

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: Financial Watchdog Receives Application Seeking Blockchain Exchange-Traded Fund

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....