CBDC

State financial regulators

The emergence of digital currencies poses a major dilemma for the guardians of economies across the globe. While some countries have taken a liking to the newcomers, others remain cautious or opted to ban them outright. Bitcoin was born nearly nine years ago as something brand new for both the world of payment systems and […]

Russia’s central bank begins testing of stablecoins READ

The governor of Russia’s central bank, Elvira Nabiullina, revealed that she’s letting companies test stablecoins. The governor who overtime has shown skepticism about crypto and said would violate the financial sovereignty of central banks, said regulations are in place. Alongside testing stablecoins, the Russian reserve bank aims to continue testing and exploring the possibility of […]

Cryptocurrencies backed by private firms face tough fight

China’s central bank is still in the process of developing its own digital currency, and competition among government-backed digitalized currencies can be expected in the “digital era”, said a central bank official on Tuesday. Some digital currencies issued by the private sector, such as Facebook’s Libra, will find it hard to compete with the State-issued […]

France to test digital currency in Q1 2020

France intends on testing its central bank digital currency (CBDC) in the first quarter of 2020. According to a report by Les Echos, the Banque de France aims at becoming the first in Europe to launch a CBDC. The bank will seek to use the digital currency to improve the efficiency of the country’s financial […]

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