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Digital Currency

News

Canadian bank plans to launch dollar-backed digital currency ‘in the coming months’

In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian …

News

Ant-backed MYbank to help China expand digital yuan trial

China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb. 22 Bloomberg report, MYbank …

News

The Bahamas gets a card for its sand dollar national digital currency

The Bahamas is moving to make its national digital currency more accessible by launching a prepaid card for the “sand dollar.” The Central Bank of The Bahamas has partnered with …

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Sweden extends digital krona digital currency pilot until 2022

Sweden’s central bank has extended an ongoing pilot aimed at creating a digital version of the Swedish krona until 2022, as was recently announced by the nation’s Riksbank. In combination …

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Russian mobile carriers consider smartphone integration for digital ruble

Major Russian mobile network operators like MegaFon and Beeline are considering how the digital ruble will function on their mobile devices.  According to a Feb. 16 report by local news …

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Hardware wallet for digital yuan debuts in Xiong’an New Area

A Chinese banking institution has completed the development of a hardware wallet for the country’s central bank digital currency, the digital yuan According to a Feb. 7 announcement by Xiong’an …

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Reserve Bank of India ‘exploring the possibility’ of a digital currency

Less than a year after the Indian supreme court overturned the Reserve Bank of India’s ban on crypto businesses, and the bank’s position on digital assets is looking slightly more …

News

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 …

News

Gifting crypto to loved ones this holiday? Educate them first

The mainstream has taken a growing interest in cryptocurrency as the price of Bitcoin (BTC) continues to reach all-time highs. To put this interest into perspective, researchers at the Cambridge …

News

Traditional banks offer digital asset custody amid compliance legislation

More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for record-breaking all-time highs. Even major banks like …

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