Three Schemes for Dual Offline Payment of CBDC, Says China’s Central Bank

Feb 19, 2020

Compared with the digital currencies that have been issued or are being developed like Libra, the digital currency of China’s central bank is the only one that explicitly requires "dual offline payment". China’s central bank has put forward a set of plans. ICBC (Industrial and Commercial...

China’s Bank Notes Quarantine, A Case for Digital Currency

Feb 16, 2020

The growing impact of the coronavirus has brought to fore what could be a considerably clear usecase for Chinese digital currency as China battles a deadly outbreak. At a press conference on Saturday Feb. 15, the deputy governor of the People’s Bank of China, Fan Yifei, confirmed that th...

US Congress Talks China Digital Currency Plan as Bitcoin Sits Above $10,000

Feb 13, 2020

China's economy and its proposed digital currency were talking points on Tuesday Feb. 11 as the chair of the US Federal Reserve testified before the Congress to start a two-day questions and answers session about the health of the US economy. Jerome Powell was quizzed on US preparednes...

Like China, Australia Talks Blockchain Roadmap as US, Japan Mull Own Digital Currencies

Feb 8, 2020

Barely days after the US suggests the possibility of a Fed-issued digital coin, Australia has somewhat followed China in establishing its stance on blockchain by releasing a national roadmap after a year of preparation. The document, which attests to Australia's recognition of the potenti...

Europe’s Negative Interest Rate Hastens Digitalized New Currency ECO of Africa Countries

Feb 6, 2020

In 2019, more than 40 central banks over the world cut interest rates, but up to now, nearly 10 countries and regions adopting negative interest rates are concentrated in developed countries such as Europe and Japan. However, the inflation in emerging economies and developing countries have n...

Factors Crucial to 200 Million Blockchain Wallets by 2030

Jan 28, 2020

Findings in a report by top global financial institution, Deutsche Bank, suggest there could exist up to two hundred million blockchain wallet users by 2030 if current trends continue, meaning more projects and users along the line. The estimate is based on a comparison between the adoption rate...

Maybe BIS Membership Slowed China’s Digital Currency Launch

Jan 22, 2020

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...

Game of Fiat Digital Currency and Non-fiat Digital Currency Has Commenced, Says Expert of China’s Central Bank

Jan 16, 2020

"Private digital currency cannot be allowed to develop by themselves disorderly. All countries around the world have shown interest in digital currency endorsed by central bank, but there is not decisive central bank digital currency yet.” Said Yang Fan, a member of the central bank's blockch...

Blockchain Cross-Border Financing Pilot Strengthens China’s Digital Currency Ecosystem

Dec 26, 2019

China's development of a blockchain cross-border financing pilot according to the deputy head of the State Administration of Foreign Exchange (SAFE) is consistent with its expanding digital currency ecosystem. Lu Lei suggests they intend to expand the scope of the platform's pilot gra...

China-centric Approach to Blockchain Building Up for Present, Future

Dec 7, 2019

New developments seem to support the view that China’s vision to globalize its currency in a digital form is taking shape while an ecosystem builds around the Chinese agenda to make blockchain its present and its future, the new China Blockchain Report by Forkast has suggested. Blockcha...