News
3,648 articles tracked
Sveriges Riksbank and Accenture project to use simulated agents to test ‘e-krona’
The Sveriges Riksbank, Sweden’s central bank, has announced the start of a pilot testing phase for the e-krona in a country which has seen declining physical cash use over the years. The popularity of central bank digital currencies (CBDC) has been on the rise recently as an alternative to banknotes and coins across the world.
Sweden’s Riksbank announced that it had started testing an e-krona, taking one step closer to the release of a central bank digital currency.
Avant was launched to establish a new payments network but failed due to competition from ATMs
CBDC: Sweden has started testing the electronic or digital version of its national currency, the e-krona, Riksbank confrims.
CBDCs are starting to gain some momentum.
With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to t
The new Coronavirus outbreak has pushed Chinese officials to track individual citizens by their medicine purchases, which presents major ramifications for crypto.
The paradox of the situation is that banks with the capacity to push the world into the digital currency era are actually not showing much interest towards adoption; with the reason for their reluc
While banks in emerging markets are moving more rapidly toward issuing CBDCs, other countries appear to be taking a more cautious stance.
China continues to get ahead in the CBDC race, but will Japan attempt to counter it with its own digital currency?
Japanese exchange Bitpoint released data on its massive 2019 deficit, the country’s FSA pointed out tightening regulations, and more in news from Japan this past week.
China has been making rapid progress on the front of creating its own central bank digital currency (CBDC), staying ahead of its competitors in its development. As the creation of a nationwide digital currency has a widespread impact on a country’s economy which has for many years relied on fiat currency and physical cash, China is taking its CBDC development plans seriously as it has filed 84 patents under its digital currency electronic payments (DCEP) system, according to the Financial Times.
The Central Bank of the Bahamas plans to adopt the Bahamian digital dollar pilot in the second half of 2020.