Several European central banks have announced their coming together with the Bank for International Settlements (BIS) to create a group to share knowledge as they assess the potential use cases for a central bank digital currency (CBDC). The move by the Bank of Canada, the Bank of...
The 2020 annual meeting of China’s central bank (PBOC) was held in Beijing from January 2 to 3, on which the current economic and financial situation was analyzed and key work in 2020 was deployed. ‘The research and development of fiat digital currency is going smoothly’, China’s ce...
Recently, China’s central bank issued an announcement on the DCEP (China’s CBDC) again, pointing out that the trading of "DC / EP" or "DCEP" in the market is fake as the system is still in the process of research and testing. This is the second time China’s central bank ha...
A Chinese investor has suggested that the much talked-about China's digital currency could be released sooner than expected, just as the CEO of the world's largest cryptocurrency by volume, Binance, heightens the optimism that has surrounded the Asian giant's recent endorsement of the block...
A dedicated team from the central bank’s Digital Currency Research Lab is now developing the system in a closed-door environment, away from the PBoC’s downtown Beijing headquarters as a report revealed on Sep.5. China Central Bank’s Digital Currency (CBDC) has begun a "rest...
As China's central bank gets ready to launch its own cryptocurrency, Forbes reported early this morning (Beijing time) that the People’s Bank of China would launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, in an immediate response to it, sources ...
China is about to roll out its central bank digital currency (CBDC), which features two-layer operation mechanism, with China’s central bank – PBoC - running the top layer and business institutions composing the second layer, said Mu ChangChun, deputy chief at the Payment and Settlem...
The majority of global financial institutions surveyed believe that central banks should develop central bank-issued digital currencies (CBDCs), according to a report jointly released by IBM Blockchain World Wire and Official Monetary and Financial Institutions Forum (OMFIF). ...
Of late, Tsinghua University, one of China’s most prestigious universities, launched the first trail program of the digital fiat currency experiment in China. This initiative causes much concerns from the crypto community and the controversy has been swirling around. the Department of C...
August 14, Bai Shuo, former chief engineer of Shanghai Stock Exchange (SSE) indicated that a central bank-issued digital currency (CBDC) should be programmable and a new blockchain payment ecosystem will be formed in the next decade. “What is the most important thing that will enable...
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