центральный банк

Head of the IMF Suggests Countries Issue Their Own Cryptocurrencies

Christine Lagarde, head of the International Monetary Fund (IMF), said governments should consider a central bank digital currency (CBDCs) to prevent fraud and improve financial services in both developed and developing countries. Lagarde, speaking at the Singapore Fintech Festival this week, said banks should work to create digital cash systems to keep up with private digital finance […]

Pakistan to Introduce the Nation’s Digital Currency by 2025

Pakistan’s State Bank Deputy Governor Jameel Ahmad has revealed that the Pakistani government is promoting financial technology in the country in all aspects, from web banking and e-commerce to the issuance of national digital currency. Ahmad said that while digital currency may be more efficient for the economy of the future, government agencies should ensure […]

The challenges decentralized systems face

Decentralized systems User and developer adoption. Technical feasibility alone does not guarantee the sort of widespread adoption necessary to build a useful social network. Some of the more mature tools developed in this space have faced serious difficulties in attracting a permanent user base, and the problems those platforms suffer from may hinder the growth […]

Germany: Finance minister in favour of a national digital currency

Germany might soon be making a move towards developing their very own national digital currency. Reportedly, Olaf Scholz, Germany’s Vice-chancellor and finance minister, has shown his support towards implementing a blockchain-based monetary system for the nation As per the German financial news magazine WirtschaftsWoche, the finance minister is in complete favour of electronic currency or […]

60 Japanese Banks Launch Digital Currency Without a Blockchain

Sixty leading banks in Japan, under the leadership of Mizuho Bank, have launched a new digital currency called J Coin. The digital cash system will be integrated with J Coin Pay to work across the country. Contrary to initial reports, J Coin will not bear resemblance to a traditional cryptocurrency — in spite of its […]

Differences between cryptocurrencies and digital money

Digital money is a broader concept than cryptoTo begin with, digital money is a more general term. Cryptocurrencies are digital money, but digital money may not be exactly crypto in a particular case: it could be any national coin in the electronic form as well. Digital money doesn’t require encryptionOne of the main differences lies […]

Digital dollar? RT’s Boom Bust explores ‘Crypto Dad’s’ push to digitize the greenback

Former US financial regulator J. Christopher Giancarlo, also known as ‘Crypto Dad’ for his support of cryptocurrencies, has announced the launch of a think tank to push the idea of digitizing the US dollar. Boom Bust talks to international regulatory attorney Myles Edwards about the possibility of converting the greenback into a fully electronic currency […]

Moving Ahead on Blockchain Innovation

China pursues a pragmatic approach to blockchain technology. As a tamper-proof way of recording every digital transaction, blockchain technology could soon play a key role in everything from commercial finance and the Internet of Things, to artificial intelligence (AI) and 5G networks. As the Chinese government is well aware, it has the potential to be […]

China’s digital currency could threaten dollar’s dominance

Since bitcoin was launched in 2008, the first crypto asset with its own unit of account based on blockchain technology, more than 3,000 crypto assets with a diverse range of features have entered the digital currency market. Yet regulatory authorities around the world have thus far largely indicated they are not threatened by crypto asset […]

PBOC moves closer to the launch of DC/EP, its own digital currency

The Chinese monetary authority has identified digital currency as one of the nation’s most important infrastructure areas in the coming years, and the global community is expecting the birth of a digitalized renminbi this year. Senior officials from the People’s Bank of China, the central bank, said recently that the testing of the central bank’s […]

Russia sees no need to issue a national digital currency

The Central Bank of the Russian Federation is not keen on issuing a national digital currency. Elvira Nabiullina, head of the central bank, said that the regulator has been studying a topic of digital currencies, but sees no obvious need to issue a national cryptocurrency. Nabiullina made the remarks at a forum on Thursday, as […]

Journalists to launch digital currency to fight fake news

The Californian investment fund, HigherOrderVC, and journalists from across the world have teamed up to create a new cryptocurrency to provide financing for investigative journalism. The new virtual currency, named PressCoin, is aimed at empowering independent journalists with new tools to stand against fake news, as well as improving their objectiveness and financial independence. PressCoin […]

China’s Central Bank Completes Design of its Digital Currency

China’s central bank, the People’s Bank of China (PBoC), has announced it has completed the design of its digital currency, local news outlet JRJ.com has reported. According to the announcement, China’s central bank digital currency has completed its “top-level design, standard formulation, functional research and development.” Mu Changchun, head of the digital currency research institute […]

Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing

A 200-page manual titled “Digital Currency: A Reader for Cadres” entered its second printing in January. The high demand signals interest from China’s government amid confusing regulations on cryptocurrencies. The handbook was first released in November, and includes a comprehensive set of 23 articles, starting from the basics of digital currencies to their impact on […]

Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency

The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it.  That was the conclusion of a fresh working paper on so-called central bank digital currencies (CBDCs) by Ulrich Bindseil, the bank’s Director General of Market Infrastructure and Payments, on Jan. 3.  […]

World awaits digital currency breakthrough

Nation accelerates blockchain technology development This year, as the world eagerly awaits news of the first government-issued digital currency in a major economy, eyes are turning to China, which is accelerating development of blockchain, the underlying technology required for e-money. In the past 12 months, all announcements by the People’s Bank of China, the central bank, […]

Wipro, R3 build blockchain-based solution prototype for digital currency in Thailand

The prototype aims to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in Thailand, Wipro said in a regulatory filing. “Developed as part of the first phase of Project lnthanon, the solution will enable de-centralised interbank real-time gross settlement (RTGS) using wholesale Central Bank […]

Digital currency can help meet new financial challenges

Mu Changchun, deputy director of China’s central bank’s payments department, said recently that the People’s Bank of China is working on its own digital currency, which may be launched soon. According to Mu, a centralized management model and two-tier operation system will be used to manage the central bank’s digital currency. The central bank will […]

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, […]

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 […]

India’s central bank mulls digital currency issuance

Last week, the Reserve Bank of India (RBI) said it is exploring the issuance of a central bank digital currency (CBDC), but will pursue the idea in due course, local news outlet Livemint reported. The central bank governor Shaktikanta Das said it is ‘too early’ to talk about a CBDC owing to technological handicaps. However, […]

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