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Different vectors of development within the crypto industry have led to the emergence of stablecoins, which could be the most usable type of money in the future.
As the pandemic challenges the global economy and forces people to abandon cash, a CBDC might be the right tool to fix the financial system.
Today, many countries are eagerly investing their resources to create a digital version of their currencies. Cryptocurrencies, once written off by the lawmakers are now inspiring the same authoriti
Despite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders.
France is paving the way for a digital Euro, but how will its CBDC shape up, and what effect will it have on the cryptocurrency industry?
The CARES Act shed light on the possibility of a digital dollar. Meanwhile, a blockchain-based solution is also being explored. Will one of them launch soon?
As central banks worldwide pull their resources to research, study, test and launch central bank digital currency (CBDC) projects, the Bank of Korea is the next central bank in line to launch a pilot program for a digital Korean won. Announced on April 6, the program is expected to run until December 2021. During this period, the bank will carry out extensive reviews in all aspects – the design, infrastructure, technology and business processes – and work towards the goal of eventually replacing physical cash with the digital won.
CBDC does not need to be built on DLT network, BoE says
China’s central bank has further galvanised its public commitment to creating the first central bank digital currency (CBDC), a digital version of the Yuan, at an annual meeting hosted last Friday
Bank of Korea starts 22-month CBDC test in preparation for future needs
South Korea’s central bank recently announced that it has launched a pilot program assessing the issuance of a central bank digital currency (CBDC). The Bank of Korea has stated that there are no i
The ongoing coronavirus pandemic accelerates central bank digital currency developments, according to Deutsche Bank macro strategist Marion Laboure.
Fear could promote use of CBDCs but data is yet to point to whether cash demand has changed
The Bank of Korea has launched a pilot program to assess the technological and legal requirements of issuing a central bank digital currency.
Amid growing concerns regarding the transmission of COVID-19, the Bank of International Settlements is pushing for digital currencies.