Tag: DCEP
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IMF releases crypto action plan, advises against legal tender status
World governments should not grant cryptocurrency legal tender status, the International Monetary Fund’s (IMF) executive board said in its new nine-point action plan on...
BMW Partners With Coinweb To Deliver a New Blockchain Project
Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and backed by the central bank. While many central banks...
What are Central Bank Digital Currencies?
Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and backed by the central bank. While many central banks...
Central Bank of Egypt Might Issue a Digital Currency
Central Bank of Egypt is currently exploring the possibility of implementing a new government based digital currency to be used as a an official...
Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics
According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa. (Read More)
Digital Yuan Wallet Ranks among Most Downloaded Apps in China
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China and Bitcoin: ‘The final straw’ would be something like…
China's stance regarding cryptocurrencies has been well documented and with each passing day, regulations around crypto mining and businesses are getting stricter. The changing regulatory landscape ha
The post China and Bitcoin: 'The final straw' would be something like... appeared first on AMBCrypto.
Japan: CBDC Plans to Take Shape in Late 2022, Says Government Official
Japan’s central bank digital currency plans will reportedly take shape by the end of 2022 as CBDC development across the globe gathers pace. With China leading the charge, other major economies seem to be working towards international collaboration to counter Beijing’s national digital currency ascendency. Japan’s CBDC Still an Experimental Project According to Reuters, theRead More
Blockchain Technology Not Ideal For CBDCs, SWISS Central Bank Economist Argues
Central bank digital currencies (CBDCs) have little structural benefits to draw from decentralized features of blockchain technology, according to the chief economist at Swiss National Bank Carlos Lenz. Lenz said that blockchain happens to be very inefficient, which nullifies decentralization in CBDCs as an ideal solution. Apart from blockchain technology, he said that there are […]
How Fintech Will Change Financial Services in 2021 and Beyond
The powerbase tussle between crypto, cash and central banks will be the defining fintech battle
Bank for International Settlements backs CBDCs.
The Bank for International Settlements, often called the central bank to the world’s central banks, set out recommendations on June 23 as to how a CBDC should be. BIS estimated that around 56 central banks and monetary authorities around the world are now looking at digitizing their currencies as commerce shifts online, as reported by Reuters. […]
Bank for International Settlements backs Central Bank Digital Currencies
The Bank for International Settlements (BIS) has given full approval to the development of central bank digital currencies (CBDCs), saying they are needed to modernize finance.