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CBDC

News

Decred co-founder explains the possible effects of a CBDC takeover

Over the course of 2020, numerous countries across the globe raced toward their own digital versions of their currencies, known as central bank digital currencies, or CBDCs. The crypto industry …

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China turns up pace on CBDC release, tests infrastructure prior to adoption

The COVID-19 crisis has done little to dampen China’s interest in becoming the first major economy to distribute a central bank digital currency. Quite the contrary, its digital currency/electronic payment …

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China’s blockchain project BSN to pilot global CBDC system in 2021

The Chinese national blockchain project, the Blockchain Service Network, is planning to pilot integration with global central bank digital currencies. According to a Jan. 15 blog post, the BSN is …

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US Fed: CBDC a ‘very high priority’ to combat bad private sector money

Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get its own central bank digital currency …

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Digital ruble could be still vulnerable to fraud, Russian banks warn

Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, or …

News

Cointelegraph predictions for the first 5 CBDCs of 2021-2022

Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBDCs are virtual representations of the fiat currency of a particular country. They …

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State-owned Chinese bank rolls out ATMs for digital yuan

China’s efforts to develop a centrally-issued digital currency took a leap forward on Sunday as the state-owned Agricultural Bank of China launched the first digital yuan ATMs. Customers at select …

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Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note January takes its name from Janus, the god of …

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Trump bans Chinese payment apps, including AliPay and WeChat Pay

With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps.  The Tuesday order bars United States citizens or people located in …

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Italian Banking Association launches experimental digital euro project

The Italian Banking Association, or ABI, has affirmed its support for the implementation of a sovereign European digital currency by beginning pilot studies on a digital euro project. According to …

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