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New Central Banking survey finds central banks favour DLT for possible digital currency projects
The National Bank of Cambodia is set to launch its nationwide Distributed Ledger Technology (DLT) Payment Network. Users will be able to transact, send, and receive money instantly on mobile devices via QR codes.
In the wake of the announcements of Facebook's Libra and the Chinese government’s intention to have a Central Bank Digital Currency (CBDC), the topic of CBDCs as a new component of a country’s legal tender has become popular with governments and commentators. The basic idea
Top crypto industry and policy experts debated the privacy ramifications of state-issued virtual currencies during the first day of Consensus.
Central Banking survey reveals shift away from wholesale experimentation
Emerging technologies such as blockchain are reshaping the landscape of the traditional financial system in Europe.
Major crypto event, Consensus: Distributed, kicks off virtually, with ECB board member Yves Mersch discussing central bank digital currencies.
European Central Bank executive board member Yves Mersch believes that the main impediment for CBDC is philosophical rather than technological.
Former CFTC royalty and current leaders of a U.S.-based think tank to promote a digital dollar talk privacy in new AMA.
Most central banks believe there are retail uses for CBDCs, but few plan to launch one in the next five years
As China stops the spread of COVID-19 inside the country, the government announced two of the largest crypto and blockchain-related developments.
The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.
On May 5, the former Bank of China president Li Lihui took to a live broadcast to address his thoughts on the upcoming digital yuan. Firstly, the launch for the Digital Currency/Electronic Payment (DC/EP) is imminent and the potential for it to eventually replace physical renminbi (RMB) is high once critical mass is achieved in Chinese citizens adopting the use of DC/EP as their main medium of currency.
A former President of Bank of China says the digital yuan will be able to eventually replace cash if four key conditions are met.