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CBDC

 

What is a CBDC?
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.

CBDC
CBDC
Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?
As the economy continues to deteriorate in the ongoing COVID-19 pandemic climate, US Lawmakers are once again pitching the creation of a sovereign digital dollar to quickly distribute the proposed stimulus packages. The bill further proposed the new minting of two trillion dollar coins.
Lucas Cacioli
Apr 17, 2020

| 3 Min Read

#UNITED STATES #CONGRESS #COVID19 #STIMULUS #CBDC #DIGITAL DOLLAR #FEDERAL RESERVE #TRILLION #MINT #ECONOMICS #IRS
#UNITED STATES #CONGRESS #COVID19 #STIMULUS #CBDC #DIGITAL DOLLAR #FEDERAL RESERVE #TRILLION #MINT #ECONOMICS #IRS
CBDC
CBDC
China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May
Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China has been charging full speed with its digital currency development plans shortly after Facebook revealed its Libra stablecoin project.
Sarah Tran
Apr 16, 2020

| 2 Min Read

#CHINA #DCEP #CBDC #SUZHOU #SHENZHEN #TECHNOLOGY #DIGITAL CURRENCY #FACEBOOK #LIBRA
#CHINA #DCEP #CBDC #SUZHOU #SHENZHEN #TECHNOLOGY #DIGITAL CURRENCY #FACEBOOK #LIBRA
Industry
Industry
Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards
The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”
Sarah Tran
Apr 14, 2020

| 2 Min Read

#CHINA #HUAWEI #TENCENT #CBDC #CHINESE GOVERNMENT #BAIDU #PEKING UNIVERSITY #MIIT
#CHINA #HUAWEI #TENCENT #CBDC #CHINESE GOVERNMENT #BAIDU #PEKING UNIVERSITY #MIIT
Analysis
Analysis
Digital Currency: Trust in Government or Elegy for Privacy?
Today, many countries are eagerly investing their resources to create a digital version of their currencies. Cryptocurrencies, once written off by the lawmakers are now inspiring the same authorities. What does Digital Currency mean to the governments, to the people and to the society?
Deepa Ramachandra
Apr 11, 2020

| 4 Min Read

#BLOCKCHAIN #CBDC #DIGITAL DOLLAR #CRYPTOCURRENCY
#BLOCKCHAIN #CBDC #DIGITAL DOLLAR #CRYPTOCURRENCY
CBDC
CBDC
China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank
China’s central bank has further galvanised its public commitment to creating the first central bank digital currency (CBDC), a digital version of the Yuan, at an annual meeting hosted last Friday by the People’s Bank of China (PBoC) vice governor Yifei Fan.
Lucas Cacioli
Apr 07, 2020

| 3 Min Read

#BLOCKCHAIN #DCEP #PBOC #COVID19 #DIGITAL YUAN #CHINA #CENTRAL BANK #CBDC #CASHLESS
#BLOCKCHAIN #DCEP #PBOC #COVID19 #DIGITAL YUAN #CHINA #CENTRAL BANK #CBDC #CASHLESS
CBDC
CBDC
South Korea’s Central Bank Launches Central Bank Digital Currency Pilot Program in Case of Future Necessity
South Korea’s central bank recently announced that it has launched a pilot program assessing the issuance of a central bank digital currency (CBDC). The Bank of Korea has stated that there are no immediate plans to launch a CBDC, however, the pilot program will allow the central bank to be prepared in the future if the changing market conditions require its issuance.
Sarah Tran
Apr 06, 2020

| 2 Min Read

#CBDC #SOUTH KOREA #PILOT PROGRAM #CENTRAL BANK #BANK OF KOREA
#CBDC #SOUTH KOREA #PILOT PROGRAM #CENTRAL BANK #BANK OF KOREA
Industry
Industry
The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President
As the world tries to come to terms with the coronavirus outbreak, recently Edwin Bautista chief executive and president of UnionBank of the Philippines revealed how digital services could support consumers as they increasingly self-isolate themselves or have to work remotely for an extended timeframe. The fintech leader projected the end of cash as the coronavirus crisis provokes banks to fast track the shift towards digital. But will the end of physical cash become a reality? The trend towards cashless remains inevitable as the current events seem to accelerate this process.
Nicholas Otieno
Apr 05, 2020

| 4 Min Read

#BLOCKCHAIN #COVID19 #CORONAVIRUS #CASHLESS #SOCIETY #UNION BANK #CBDC #DIGITAL PAYMENTS
#BLOCKCHAIN #COVID19 #CORONAVIRUS #CASHLESS #SOCIETY #UNION BANK #CBDC #DIGITAL PAYMENTS
CBDC
CBDC
Bank of France Tests Out Potential Central Bank Digital Currency by Launching Experiment Program
The Bank of France (Banque de France) is launching a program of experiments testing out a potential central bank digital currency (CBDC) aimed for interbank settlements. Potential participants are being invited to submit their applications, as the Bank of France is calling for applications to experiment with the use of a digital euro.
Sarah Tran
Mar 31, 2020

| 2 Min Read

#BANK OF FRANCE #BANQUE DE FRANCE #CBDC #EXPERIMENT #CENTRAL BANK
#BANK OF FRANCE #BANQUE DE FRANCE #CBDC #EXPERIMENT #CENTRAL BANK
CBDC
CBDC
The Issuance of China's CBDC On The Horizon, According to Insiders
The issuance of central bank digital currencies (CBDCs) has been gaining traction as various nations have shown interest. The People’s Bank of China (PBoC), China’s central bank, has finished the development of a CBDC’s basic function and relevant laws are being drafted to set the ball rolling for its circulation.
Brian Njuguna
Mar 25, 2020

| 2 Min Read

#CHINA #CENTRAL BANK DIGITAL CURRENCY #CORONAVIRUS #BLOCKCHAIN #BITCOIN #CRYPTO #CBDC #DCEP
#CHINA #CENTRAL BANK DIGITAL CURRENCY #CORONAVIRUS #BLOCKCHAIN #BITCOIN #CRYPTO #CBDC #DCEP
CBDC
CBDC
IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution
Tao Zhang, deputy managing director of the International Monetary Fund (IMF), acknowledges the tremendous promise that CBDCs hold and challenges lying ahead.
Nicholas Otieno
Mar 23, 2020

| 3 Min Read

#IMF #TAO ZHANG #CBDC #CENTRAL BANK #DIGITAL CURRENCY
#IMF #TAO ZHANG #CBDC #CENTRAL BANK #DIGITAL CURRENCY

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