The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency. The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency (CBDC). As domestic news outlet Sina reported on Jan. 10, People’s Bank of China (PBoC)…
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On Jan. 1, China’s law governing cryptographic password management came into power. What does it mean? On Jan. 1, China’s law governing cryptographic password management came into power. Essentially, the act aims to set standards for the application of cryptography and the management of passwords, and, therefore, ultimately reduces China’s cyber vulnerabilities on a nationwide…
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Christine Lagarde has pushed for the bank’s involvement in the development of a CBDC to address the demand for faster and cheaper cross-border payments. The president of the European Central Bank (ECB), Christine Lagarde, supports the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster…
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China’s central bank reports that it is “progressing smoothly” with its development of a government-backed digital currency. China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing smoothly” with its development of a government-backed digital currency. The bank issued its statement during a working conference held in Beijing from Jan. 2–3,…
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The U.S. could possibly lose the digital war to China if it doesn’t issue a digital dollar ahead of the digital yuan. In recent weeks, various central banks have indicated that they are exploring the possibility of issuing their own central bank digital currency, or CBDC. From Tunisia, which was at the center of false…
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Cointelegraph reached out to leaders of the crypto and blockchain space to find out what their New Year’s wish was for the industry. The digital currency space has seen rapid growth and expansion in 2019, with heightened interest from governments and global corporations. Cryptos recovered from the 2018 bear market, when with Bitcoin (BTC) crashed…
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What are the key advantages and disadvantages of CBDCs? In recent months, the race for the development of a central bank digital currency is gaining pace. The last signal was launched by Chinese President Xi Jinping, who publicly stated the need to invest public resources in blockchain, slated to be the core technology of the…
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South Korea’s central bank plans to organize a task force dedicated to central bank digital currency research in the new year. South Korea’s central bank, the Bank of Korea (BOK), plans to organize a task force dedicated to central bank digital currency (CBDC) research in the new year. In its “Monetary Policy for 2020” brief,…
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The Central Bank of the Bahamas is planning to pilot a digital version of the Bahamian dollar in the Exuma district starting December 27. The Central Bank of the Bahamas (CBOB) is planning to introduce a digital version of the Bahamian dollar in the Exuma district. According to an official press release, the CBOB will…
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China’s latest bond issuance on the ledger is a sign of trust placed into the blockchain technology, but not everything may be rosy. The Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development…
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