The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks. Source link
Digital
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Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank. Source link
Federal Reserve Chairman Jerome Powell will speak next week as part of a panel on the future of cross-border payments at the International Monetary Fund’s (IMF) annual meeting. Source link
The move comes as Ant, a global leader in digital payments, is readying what could be an offering worth up to a record $35 billion. Source link
The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital currencies (CBDCs) and found “no strong public policy case” for introducing a general use version […]
New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
I took a deep breath, trying to disassociate before saying what I had been mustering up the courage to announce to my boss for weeks. “I want to buy a one-way ticket to Thailand that will depart this March. Is there any way I can work remotely?” It was 2018, and I was so unbelievably sick of Washington, D.C. I’d spent five years in D.C and […]
The proposal games out CBDC scenarios for fundamentally different potential digital currency end users. Source link
International financial authorities and seven of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Seven (G7) — an organization of finance ministers and central bank governors representing the United States, Canada, United Kingdom, Germany, France, Italy and Japan — said in a report last week that it is working with the International Monetary Fund (IMF), the […]
Chen Yulu, deputy governor of the People’s Bank of China, said at the weekend that the digital yuan project should be accelerated as an important part of the nation’s financial infrastructure. Source link
The rapidly growing city of Shenzhen will be giving away 10 million yuan (US$1.47 million) of China’s new sovereign digital money via lottery, as China seeks to test out and stimulate the usage of the digital funds, according to a report in the South China Morning Post. Source link
The People’s Bank of China (PBOC) said that 3.13 million transactions have been processed using the nation’s sovereign digital currency as part of a series of ongoing pilot programs in major cities such as Shenzhen and Xiongan. According to the bank’s deputy governor, Fan Yifei, the currency has been used for more than 1.1 billion yuan ($162 million) worth of transactions. Pilots will also be conducted at the Beijing Winter Olympics […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
U.K. based fintech bank Revolut has partnered with Fireblocks, a digital asset transaction and storage platform, to provide a secure payments infrastructure for the digital bank’s new cryptocurrency services. Announced Thursday, Revolut will use Fireblocks’ wallet and network infrastructure when it offers new crypto services for its 13 million global retail customers. Source link
An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300 consumer digital wallets and 8,859 corporate digital wallets for residents of Shenzhen, Suzhou and Xiong’an to pilot a digital yuan. […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Chinese digital currency is undergoing internal tests, according to the deputy head of the Chinese Central Bank, Fan Yifei. However, a crypto yuan’s exact release date remains unknown. According to Fan, thorough testing in limited scenarios are needed to ensure the new product’s stability. Cryptocurrencies have become one of the fastest growing assets this year. According to the Xinhua News Agency, the Bloomberg Galaxy cryptocurrency […]
Senate Banking Committee member Pat Toomey (R-Pa.) said Monday that he intends to take up digital currency regulation and payments system reform if he becomes the committee’s next chairman. Source link
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country’s e-government system, in supporting a central bank digital currency. Source link
The U.S. Army has announced that the Corpus Christi Army Depot (CCAD) released its first UH-60 Victor Black Hawk helicopter for delivery. The details were given in a media release, to announce that CCAD Commander, Colonel Joseph H. Parker hosted a formal signing ceremony immediately following a walk-around of the UH-60V Black Hawk with Chief Test Pilots, Crew Chiefs and the Director of Aircraft Production. In […]
An executive member at the European Central Bank says a digital euro could protect the Eurozone’s monetary sovereignty from outside influence. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month. “The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that resembles cash,” the central bank said. Source link
A bill introduced by Rep. Tom Emmer could clarify the status of digital tokens issued as part of a securities offering under securities law. Source link
While one could fairly question how much influencers have given to us—as a species and a society—it’s undeniable that they’re real innovators when it comes to finding ways to be weird about race. Whether it’s blackfishing or posting black squares on Instagram as though that somehow supports Black Lives Matter, influencers just have a knack for being thoroughly embarrassing. And now they have a new medium: […]
The Chamber of Digital Commerce, a blockchain advocacy group based in Washington, D.C., announced Wednesday that former acting White House chief of staff Mick Mulvaney has joined the group’s board of advisors. In a press statement emailed to CoinDesk, the blockchain advocacy group also said Visa, Goldman Sachs and Six Digital Exchange (SDX) have joined the group as executive committee members. Source link
The OCC published guidance clarifying that federally-regulated banks can work with stablecoin issuers, the ECB thinks stablecoin is a “misleading” term and a group of banking veterans has spun up a new crypto fund. Top shelf Bitcoin fundsBanking veterans who have steered divisions at HSBC, Barclays, Citigroup and Merrill Lynch in the Asia-Pacific region are ditching traditional finance to invest in cryptocurrencies. Their new crypto fund, Liquibit […]