The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis. Why Everyone Wants a CBDC Now […]

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Blockchain Bites: $10B in Bitcoin Futures, Price Wobbles and Liquidations

A correction in bitcoin's price (from all-time highs) led to $1 billion in liquidated options positions. Ukraine announced a Stellar-based CBDC experiment and a much-awaited Ethereum layer 2 set a tentative launch date.

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Turkish Central Bank Governor Hopeful of CBDC Pilot in 2021

Turkey and Russia continue to inch closer to CBDC ambitions. Turkey Set to Pilot CBDC in 2021 Second Half According to a Coindesk report published on Dec 26, Turkey is poised to begin piloting a previously undisclosed digital currency in the second half of 2021.

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Suzhou Government to Airdrop $3 Million in Digital Yuan for CBDC Trial

The Suzhou government is set to carry out a test on China’s central bank digital currency (CBDC) by conducting a digital yuan airdrop via a lottery program, which will see the distribution of $3 million worth of digital yuan to some lucky winners.

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Lebanon to Launch a CBDC in 2021 to Boost Confidence In the Country’s Banking Sector

According to the country's central bank governor, Riad Salameh, Lebanon is set to debut its own Central Bank Digital Currency (CBDC) in 2021. Bloomberg, which reported on this development, cited a Lebanese state-run News Agency, noting that the Mediterranean island plans to make the paradigm shift due to transitioning to cashless networks and restoring confidence […] The post Lebanon to Launch a CBDC in 2021 to Boost Confidence In the Country’s Banking Sector first appeared on BitcoinExchangeGuide.

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Lebanon’s Central Bank To Issue Digital Currency In 2021 In Light Of Economic And Monetary Fallout

Banque Du Liban, the central bank of Lebanon is set to launch a central bank digital currency (CBDC) in 2021. According to a report by a state-run news publication on Tuesday, the central bank’s governor, Riad Salameh, indicated that the digital currency project is part of a move aimed at restoring confidence in the crumbling […]

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How the U.S. and EU Central Banks View the Future of CBDCs

Watch the full session from Ripple Swell Global 2020 today. With China set to launch the world’s first Central Bank Digital Currency (CBDC) by the end of the year, pressure is mounting on the world’s other major central banks to join the digital revolution.

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The Bahamas is looking to launch its own CBDC next month

Reports from the Bahamas reveal that the country’s central bank is set to unveil...

The post The Bahamas is looking to launch its own CBDC next month appeared first on Coin Journal.

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Brazil’s Central Bank Says Nation Might Be Ready for a Digital Currency by 2022

Brazil's fast-digitizing financial infrastructure could set the stage for CBDC in the next two years, said Campos Neto.

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South Korean Central Bank Enters Phase 2 of CBDC Development; Seeks Consulting Partner

The Bank of Korea (BoK) has advanced its Central Bank Digital Currency (CBDC) initiative following a recent call for collaboration with a private consultancy. This move will set ground for the second phase of South Korea’s CBDC with a speculated pilot launch in 2021.

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Bank of Korea Set to Select CBDC Pilot Program Consulting Partner

South Korea’s central bank has disclosed details for a proposed consulting partnership as part of its second stage of preparation for launching a central bank digital currency (CBDC). According to the Bank of Korea (BOK), the desired consulting partner will be a local firm that will help the BOK build the architecture for the proposed […] The post Bank of Korea Set to Select CBDC Pilot Program Consulting Partner appeared first on BeInCrypto.

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China CBDC Trials Coming to Beijing and 27 Other Cities

China’s accelerated central bank digital currency (CBDC) plans are set to reach another milestone with tests scheduled for Beijing and 27 cities in the country. These new digital currency electronic payment (DCEP) trials will join other public pilots already ongoing in cities like Shenzhen and Suzhou.

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The Central Bank of the Philippines Set to Conduct CBDC Trial Run

The central bank of the Philippines is looking into issuing and implementing a central bank digital currency (CBDC). The Bangko Sentral ng Pilipinas (BSP) has created a team of experts to look into the feasibility and policy implications of issuing a CBDC.

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Cambodia’s Project Bakong CBDC Set for Roll Out in the Next Few Months

Cambodia’s central bank is getting set to launch the country’s central bank digital currency (CBDC) in conjunction with almost a dozen commercial banks. APAC nations continue to develop sovereign digital currencies mainly to challenge U.

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Bank of Japan Accelerates its Digital Currency Research With New CBDC Division

The Bank of Japan on Monday revealed that it has set up a new division to accelerate the study of digital currency issuance, reported Mainichi. The research study division would now comprise of 10 individuals headed by Akio Okun, one of the seniors of the Payment and Settlement Systems Department under which the new division […]

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Thailand: Central Bank Partners with SCG for CBDC Pilot Test

Thailand’s central bank in partnership with SCG — one of the country’s largest conglomerates — is set to run a pilot test for a central bank digital currency (CBDC). Thailand Moving Forward with Digital Currency Plans According to the Bangkok Post, SCG has signed a memorandum of understanding (MoU) with the Bank of Thailand (BOT),Read MoreRead More.

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South Korea Set Up Committee to Study Regulatory Obstacles for Potential CBDC Project

South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC).

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S. Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch

The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.

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Hyperledger Fast Tracks Dev of Ethereum Based eThaler As US Central Bank Digital Dollar

eThaler Set To Create Central Bank Digital Currency (CBDC) At a planned meeting at Hyperledger, a blockchain consortium, it was decided to accelerate its efforts in the development of eThaler, an Ethereum based project aiming to create a CBDC.

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CBDC Push Takes Ukraine Closer to Crypto Adoption

Ukrainian government’s recent manifesto led many experts to believe that the industry is all set to boom in the near future

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Ripple CEO claims XRP's demand won't be affected by USD-backed CBDC

With nation-states like Singapore well into the development of its own CBDC and China set to launch its ‘DCEP’ this year, all eyes are on the United States Federal Reserve and the possibility of The post Ripple CEO claims XRP's demand won't be affected by USD-backed CBDC appeared first on AMBCrypto.

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Japan Looking to Push CBDC Agenda at G7 Summit in June

Japanese lawmakers want the government to push for talks on central bank digital currency (CBDC) during the next G7 summit holding in the summer. US Should Set CBDC Agenda for G7 Partners According to Reuters, a parliamentary group led by Akira Amari of Japan’s Liberal Democratic Party (LDP) wants the country’s government to consider issuingRead MoreRead More.

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Cambodia to Launch Digital Currency with Support of 11 Banks

Two years after reports of a Cambodian cryptocurrency, the country is set to launch a central bank digital currency (CBDC) payment system. Project Bakong to Feature Centralized Digital Currency According to Cambodian daily Phnom Penh Post, the country’s central bank is set to roll out “Project Bakong,” a blockchain-powered money transfer platform that features a CBDC.

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Why Crypto Dad Wants to Digitize the Greenback

Crypto Dad wants to digitize the greenback. His new venture, the Digital Dollar Project, is a foundation set up to advocate for a US central bank digital currency (CBDC). But is it necessary? What Libra Did Interest in CBDCs has been growing since Facebook threatened to undermine the international monetary order with the creation of […] The post Why Crypto Dad Wants to Digitize the Greenback appeared first on Crypto Briefing.

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President of Turkey Says Country is Finalizing Its Digital Lira Currency Testing By 2020

Recep Tayyip Erdogan, the current president of Turkey, has recently affirmed that the government is testing its central bank digital currency (CBDC) project and that the project is set to be finished by 2020.

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Here’s Why China is Pushing A Central Bank Digital Currency, Not Crypto

China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset.

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China Confirms its CBDC is Similar to Facebooks Libra

China’s upcoming digital currency is reportedly going to be very similar to Libra in terms of network design, but it will take a more holistic approach to find harmony between money-laundering prevention and anonymous payments.

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Central Bank of Bahamas to Launch a CBDC by 2020

The Central Bank of The Bahamas (CBOB) is set to move one step closer toward a nation-wide digital payment structure as it looks to ink a business partnership with transaction provider NZIA. io on May 30, 2019.

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Eastern Caribbean Central Bank (ECCB) to Trial Blockchain-based CBDC Cryptocurrency as Legal Money

The Eastern Caribbean Central Bank (ECCB) https://www.eccb-centralbank.org, the central bank for the Eastern Caribbean dollar, has announced its set to launch a pilot for a distributed ledger technology (DLT) powered central bank digital currency and could proceed to adopt it as a legal tender in 2020 if all goes as planned, according to reports on […]

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Bank Of Thailand’s Project Inthanon To Launch Central Bank Digital Currency with R3 Tech

Bank Of Thailand Set To Launch A Digital Currency Based On R3 Tech The Bank of Thailand (BoT), country's central bank has declared that it is working on a project ‘Inthanon‘ that will devise and develop a proof-of-concept prototype for wholesale funds transfer by issuing a wholesale Central Bank Digital Currency (Wholesale CBDC). BoT is […]

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The Bank Of Thailand Are Developing A Wholesale Cryptocurrency

The Bank of Thailand (BOT) are the next central bank to weigh in on the cryptocurrency debate, and it looks to be good news this time. Sort of anyway. BOT want to develop a Central Bank Digital Currency (CBDC), a cryptocurrency that will be issued by the bank and regulated by the bank.

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