Japan appears to have reversed its earlier stance on CBDCs as Facebook’s Libra and China’s digital yuan pressure decision makers to release a digital yen. Ruling party lawmakers in Japan are reportedly working on a proposal to issue a national digital currency, Reuters reports on Jan. 24. This appears to be a response to fears…
Read more
The Supreme Court of India has this listened to further hearings in the landmark case against the central bank’s ban on banks’ dealings with crypto-related businesses. The Supreme Court of India has this week listened to further hearings in the landmark case against the Reserve Bank of India’s ban on banks’ dealings with crypto-related businesses.…
Read more
The World Economic Forum has created what it claims is the first ever global consortium dedicated to designing a framework for the global governance of digital currencies. The World Economic Forum (WEF) has created what it claims is the first ever global consortium dedicated to designing a framework for the transnational governance of digital currencies,…
Read more
At the World Economic Forum in Davos at a digital currency-centric panel, Calibra’s David Marcus focused on the issues of the unbanked as the primary use case. At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of…
Read more
MIT’s crypto research group said the crypto and blockchain space is an experimental playground paving the way for a central bank digital currency. MIT’s crypto and distributed ledger tech research group, the Digital Currency Initiative, recently explained that a central bank digital currency (CBDC) will eventually use some of the concepts and technology currently at play…
Read more
There is a lot of work ahead on all levels — from regulators and users to businesses and customers — but the process has been initiated: Stablecoins is our inevitable future. Stablecoins may represent crypto’s best chance of achieving mainstream success and recognition from the traditional financial systems. Just recently, the president of the European…
Read more
India’s central bank, RBI, says it banned regulated crypto offerings, not overall cryptocurrency usage in the country. The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban. In a Jan. 21 article, The Economic Times of India cited…
Read more
Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments. Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency (CBDC) for cross-border payments. On Jan. 22, the Hong Kong Monetary Authority (HKMA) and the Bank of…
Read more
Six major central banks and the Bank for International Settlements jointly created a digital currency research group. The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published…
Read more
Chinese officials are showing high demand for a manual on digital currencies that summarizes its main concepts, which demonstrates interest from the government. 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…
Read more
