Vitalik Buterin says that currency digitization is inevitable and believes decentralized privacy currency would be more appealing to people than state-controlled digital currencies. With governments increasingly looking at launching their own digital currencies, you might worry that crypto just can’t compete with national financial infrastructures. Not so, says Ethereum co-founder Vitalik Buterin. Buterin spoke with…
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After revealing its planned digital currency back in 2018, the Marshall Islands chose blockchain firm Algorand as technology partner for the project. The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) —…
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None of the 17 ongoing global CBDC projects goes beyond the central bank’s jurisdiction, according to BIS research. Cross-border payments do not appear to be a priority as countries all over the world to engage with their own digital currency projects, a new report says. While global governments are competing to become the first country…
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Former Vice President of CIRC of the Party talks about ICOs and cryptocurrency trading bans in China and CBDC is an important national strategic plan. Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, sat down with Yiben blockchain media on Feb 27 to talk about ICO regulations and digital…
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Chinese authorities have postponed research on the digital yuan as the coronavirus continues to spread globally. Research on a central bank digital currency (CBDC) in China has been delayed as the coronavirus epidemic continues. Global Times reported on Feb. 25 that the epidemic’s impact on staff has resulted in significant setbacks. A source familiar with…
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Bank of Canada is preparing for creating its own digital currency to defend the Canadian dollar and monetary sovereignty. Although the Bank of Canada has no plans for issuing a digital currency immediately, the Central Bank is not ruling out the possibility of launching one due to potential mass adoption of private digital currencies —…
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As a crypto firm in Ukraine plans to issue the first Ukrainian hryvnia-pegged stablecoin, the country’s central bank is progressing with its e-hryvnia project. Despite considerable testing and research, the prospect of a central bank digital currency (CBDC) still raises significant concerns for bankers in Ukraine. At a Feb. 21 conference in Kyiv, the National…
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JP Morgan report says that current blockchain developments are lying down the foundation for digital money, but more centralization is needed. A recent report by a Major United States bank JP Morgan Chase suggested that current blockchain developments are lying down the foundation for digital money, but adoption is still years away. A report published…
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CBDCs are starting to gain some momentum. The country of Sweden has begun testing an e-krona, bringing it that much closer to the proper release of a central bank digital currency (CBDC). The pilot program will be in operation for one year, until February 2021. If and when the e-krona formally launches for use by…
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The new Coronavirus outbreak has pushed Chinese officials to track individual citizens by their medicine purchases, which presents major ramifications for crypto. The government of Hubei, the Chinese province at the epicenter of the COVID-19 (Coronavirus) outbreak, issued a report on Feb. 18 detailing measures taken against the disease. The officials revealed that they tracked…
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