Tag: DCEP
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Banque de France Completes New CBDC Experiment for Securities Settlement
France’s central bank stated that it completed a new central bank digital currency (CBDC) experiment in collaboration with Switzerland-based cryptocurrency bank, SEBA. Banque de France Partners with SEBA for CBDC Experiment Banque de France made the announcement via a press release on Monday (June 21, 2021). According to the central bank of France, the latestRead More
CBDC: Chinese Residents Can Now Convert DCEP to Cash at ATM Points
The Industrial and Commercial Bank of China (ICBC), has now made it possible for Chinese residents to easily exchange their DCEP, the nation’s digital renminbi for fiat yuan and vice versa, at thousands of automated teller machine (ATM) locations in the country, according to a report on June 18, 2021. ICBC Introduces Digital Yuan-Cash ConversionRead More
China’s State-Owned ICBC Bank To Offer Digital Yuan’s Cash Withdrawals In Beijing
Chinese citizens can now convert the Digital Yuan into Cash through the Industrial and Commercial Bank of China (ICBC), which has become the first bank in China to allow such transactions. The state-owned bank launched a feature on Friday 18, in partnership with the Agricultural Bank of China that will allow users to withdraw their […]
China’s Digital Yuan is Now Available at 3000+ ATMs in Beijing
China has expanded its digital currency experiment with a roll-out of digital yuan conversion feature at more than 3,000 ATMs in Beijing.
R3, AFIN Partner to Enable Financial Institutions Explore CBDCs
R3 and the ASEAN Financial Innovation Network (AFIN) have inked a strategic partnership deal aimed at developing a central bank digital currency (CBDCs) sandbox that would make it easier for fintech firms and traditional banks to create and test their CBDC payment solutions, according to a press release on June 15, 2021. Accelerating CBDC DevelopmentRead More
Rep. Maxine Waters Announces a Task Force to Study Crypto and CBDCs
Rep. Maxine Waters announced a taskforce on Financial Technology that will study crypto and CDBCs an their impact in the US politics.
The Future of Digital Currencies and Data Management
Click to learn more about author Stuart Tarmy. Interest in digital currencies (and, more specifically, cryptocurrency) has risen in the last...
Hong Kong Includes CBDCs in 5-Point Agenda for Fintech Development
The Hong Kong Monetary Authority (HKMA) is pursuing a comprehensive fintech revamp for the city and its plans include central bank digital currencies (CBDC). However, easier access to crypto assets does not seem to be a part of the HKMA’s fintech agenda. HKMA Examines Both Retail and Wholesale CBDCs In a press release issued onRead More
Hong Kong includes central bank digital currency in fintech strategy
Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts.
The CBDC promised land: As some governments falter, others press on
Regulatory hurdles and the economic impact of the pandemic have derailed some CBDC projects, but not all hope is lost.
ALGO Technical Analysis: Price Below the First Fibonacci Pivot Resistance Level of $1.04, May Soon Fall Below $1.02
ALGO price is above the 23.6% FIB retracement level of $1.04. The price is likely to test and fall below it and further below the 38.2% FIB retracement level of $1.03. Thus, as of now, the bearish trend is strong and likely to continue today and tomorrow.
$6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing
The Chinese digital renminbi is officially piloted in the capital of China-Beijing. The Chinese government plans to issue a total of $6.2 million worth...