central bank digital currency

The BitLicence Proposal

Ben Lawsky, Superintendent of Financial Services at the New York State Department of Financial Services (DFS) announced the BitLicense proposal. The Bitlicense document contains a regulatory structure for bitcoin which means that businesses in the state of New York can be sure of what they can and cannot do. This has been done to make […]

China’s sovereign digital currency – still no launch date

People’s Bank of China says research and development work will continue in 2020. Beijing is keen to create a digital currency to offset perceived risks posed by bitcoin and Facebook’s Libra China’s central bank said on Sunday it will continue with its research and development into the creation of a sovereign digital currency in 2020, […]

India: Cryptocurrency won’t survive, claims former FinSec Subhash Garg

India’s former Finance Secretary, Subhash Chandra Garg, has been very vocal about cryptocurrencies for a long time now, having also played a significant role in shaping the country’s draft policy on cryptocurrencies. Garg has now released a new blog post on crypto and digital currencies titled, “Currencies will be digital; cryptocurrencies will not survive,” a […]

Forget bitcoin, China’s crypto-yuan is set to transform banking

Digital currencies could become substitutes not just for physical cash but also for bank reserves. So is China readying its own bitcoin? Banish the thought. It’s far bigger than that. Yes, just like any other crypto-currency — or for that matter, cigarettes in POW camps — the upcoming digital yuan will be “tokenised” money. But […]

Twitter and Facebook Want to Shift Power to Users. Or Do They?

A decentralized internet was hailed as a way to dethrone Twitter and Facebook. But to the tech giants, the idea could unload some of their burdens. Not so long ago, the technology behind Bitcoin was seen in Silicon Valley as the best hope for challenging the enormous, centralized power of companies like Twitter and Facebook. […]

Minuscule Finnish Municipality to Test Own Currency

A tiny Finnish municipality of about 3,000 residents has plans to try its own independent currency over the course of one year in a bid to give local businesses a shot in the arm. The municipality of Sysmä in southern Finland plans to launch a currency of its own at the beginning of 2018 in a test project designed to test its viability. […]

Norway Central Bank Considers Developing Digital Currency

Norway’s central bank, Norges Bank, is considering developing its own digital currency as a supplement to cash to “ensure confidence in money and the monetary system”, according to a working paper May 18. The report, prepared by a Norges Bank working group, investigates aspects they believe should be considered when assessing the issuance of a […]

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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