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Tag: DCEP

The central bank of Japan to begin experimenting with a CBDC.

The central bank of Japan has announced that it will begin experimenting with a central bank digital currency (CBDC) to check its feasibility...

The BIS report says the COVID-19 pandemic has exemplified the need for central banks to create CBDCs.

According to the latest report by the Bank of International Settlements, the international body doubled-down on its narrative that the ongoing pandemic has...

How Will The Crypto Market React To Next Week’s Senate Hearing On a Digital Dollar?

Bitcoin and the rest of the crypto market are at a pivotal moment. Either a new bull market...

The Bank for International Settlements report shows a growing positive sentiment towards CBDCs.

The Bank for International Settlements released a special chapter from that annual report on digital payments, concerning central bank digital currencies. The report released by...

China’s CBDC Adoption Plan Puts Domestic Monetary Control at Forefront

Central bank digital currencies continue to be a popular topic of discussion within the crypto and broader financial circle, with China often dominating the...

The former PBoC official reveals Digital Yuan’s backend architecture is complete.

The former vice-chair of the People’s Bank of China’s Na­tional Coun­cil for So­cial Se­cu­rity Fund, Wang Zhong­min, revealed that China has completed the...

The Bank of Thailand will begin testing prototype digital currency in July.

The Bank of Thailand revealed that it is working on its central bank-backed digital currency. The central bank, which also regulates financial markets...

Fintech Projects like Facebook-led Libra Stablecoin Initiative, Digital Yuan, COVID-19 are Transforming Money to an Extent “Never Before Seen”: Report

Technological advancements, money and payment systems have been closely linked from the earliest days of society and human civilization. However, technology is now transforming...

China’s DCEP: The Road to Becoming an International Reserve Currency

Through the DCEP, China will be able to open doors to overseas residents, allowing consumers and merchants to use RMB internationally....

The Bank of Thailand plans to develop a payment system for businesses using CBDC.

According to the Reuters report, the Bank of Thailand unveiled on Thursday plans to build a prototype of a payment system for businesses...

CBDC Arms Race: Canada Challenges Digital Dollar and Chinese DCEP

The People’s Bank of China (PBOC) has been working on the digital yuan (DCEP) for several years. Meanwhile, the new Digital...

Bank of Korea announces legal advisory panel for CBDC

Many countries around the world have been making significant progress in terms of their developmental efforts for their own central bank digital currency...

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