Hong Kong Monetary Authority concludes first CBDC trial

2023-10-31 20:15

The initial phase of Hong Kong's central bank digital currency (CBDC) pilot has concluded, showcasing potential advancements in digital finance, though leaving uncertainties regarding its full implementation and technological direction. origin »

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digital cbdc hong kong finance though potential

Источник: Cripyo.news

digital cbdc → Результатов: 126


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Israel joins global CBDC discussions with digital shekel proposal

The Bank of Israel has introduced a potential design for a central bank digital currency (CBDC), though officials emphasized that no final decision has been made on its issuance. In a paper published on March 4, the central bank described the proposed digital shekel (DS) as a “multipurpose CBDC” that would cater to both retail […] The post Israel joins global CBDC discussions with digital shekel proposal appeared first on CryptoSlate.

2025-3-5 21:09


Japan’s Central Bank to Launch Its Digital Yen Pilot in 2021; China’s CBDC Accelerating Timeline

Japan is playing catch up to China’s CBDC plans, Kenji Okamura, vice-finance minister for international affairs, said in an online seminar on Friday, as Reuters reported. Speaking on the dangers of being left behind by the largest Asian economy in digital currencies, Okamura called for the country to move towards developing its own digital yen.

2020-10-9 17:44


Japan’s Finance Ministry, Financial Services Agency, and BoJ To Research A CBDC Launch

Japan is the latest country to show interest in developing a central bank digital currency (CBDC) as the central bank, finance ministry and financial authorities meet to discuss digital currencies. As one of the top countries in crypto and blockchain development and regulation, accelerated efforts are being placed to develop an official digital coin to […]

2020-2-25 19:04


Sweden’s Central Bank, Riksbank, Partners with Accenture to Develop CBDC Dubbed ‘E-Krona’

The wave of Central Bank Digital Currency (CBDC) is gaining momentum after China’s progress and expected coin launch in 2020. Sweden is the latest country to announce a pilot test plan for the ‘e-krona’ digital currency; this will be its CBDC in the near future as more governments continue to embrace FinTech in digital payments. […]

2019-12-14 19:12


Bank of International Settlements General Manager Now Says CBDCs Could Open New Opportunity

Agustin Carstens, the General Manager of Bank of International Settlement (BIS) who earlier believed Central Bank issued Digital currencies (CBDCs) were no good, has changed his stance. In his recent speech titled “The future of money and the payment system: what role for central banks?” Carstens seemed to emphasize that CBDC's could open the gates […]

2019-12-8 23:25


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United States Examines Launching Digital Currency, Confirms Federal Reserve Chairman

United States Federal Reserve Chairman Jerome Powell has confirmed that the nation is looking into launching its own Central Bank Digital Currency (CBDC). The news comes at a time when many other nations have also hinted at launching their own national digital currencies in a race to be among the first countries to do so.

2019-11-21 13:34


Despite ‘Fraudulent’ Launch Reports, China’s Central Bank Is Still Researching CBDC’s

Despite having a longtime ban against cryptocurrency, the People’s Bank of China recently decided to research the use of digital currency for themselves. While there have been multiple news reports stating that the central bank has already issued digital currency, the PBoC has stated that the claims are “fraudulent.” Instead, the official statement from the […]

2019-11-14 23:14


China’s Central Bank Digital Currency (CBDC) Will Launch In Next 60-90 Days Per HCM Capital Exec

Jack Lee, the founding partner of HCM Capital, has recently affirmed that the central bank digital currency (CBDC) of China is being created and is expected to be launched in the next few months. According to a recent interview with CNBC, Lee said that the central bank of China will use the new digital currency […]

2019-11-12 03:00


American Banker: Does the US Need an Ally Like Libra to Take on China’s Digital Currency Growth

Facebook's universal digital currency project Libra might be at the receiving end of regulators and governments around the globe, but looking at China's accurate adoption of blockchain technology and the slated launch of its central bank-issued digital currency (CBDC) by the end of this year, the US might need an ally like Libra to help […]

2019-11-11 22:17


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China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.

2019-11-6 10:00


Bitcoin, China’s CBDC may endanger United States’ position as global superpower

China’s aggressiveness in embracing blockchain technology, while also recording some interest in the world of digital assets, has grabbed the attention of the entire crypto-community. This sentiment shot throught the roof after President Xi Jinping’s comment on blockchain technology, a comment that suggested that the Asian superpower is planning to focus and invest substantially in […] The post Bitcoin, China’s CBDC may endanger United States’ position as global superpower appeared first on AMBCrypto.

2019-10-30 08:00


European central banks could ‘band together’ to issue a CBDC

We live in a world where we rarely act, but often react. Europe is playing on that very tendency. From the East and the West of the continent, digital currencies are being embraced rapidly. On the other side of the Atlantic, Facebook, the social media giant, sent shockwaves throughout the corporate and sovereign world by […] The post European central banks could ‘band together’ to issue a CBDC appeared first on AMBCrypto.

2019-10-25 16:30


Ex-CFTC proposes blockchain-based dollar to save declining fiat

2019 marked the rise of another crypto-based experiment, as centralized financial institutions around the world started to contemplate the idea of a Central Bank Digital Currency [CBDC]. Bank of China was already ahead in this game, after announcing that their native CBDC was almost already, and in recent reports, Bank of Canada also entered the […] The post Ex-CFTC proposes blockchain-based dollar to save declining fiat appeared first on AMBCrypto.

2019-10-17 12:00


Former FDIC Chair Called Out Subprime Mortgages Ahead of Issues; Now Tells FED To Look At CBDC’s

Members of the US Congress the French Hill (R-Arkansas) and Bill Foster (D-Illinois) have recommended the Federal Reserve regarding issuing a digital version of the US dollar. In a letter addressed to the Fed, they highlighted that the country’s currency is in long term danger due to the acceptance of digital fiat currency. Sheila Bair, […]

2019-10-7 21:59


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OSL Group raised $200m to scale institutional stablecoin trading, payments products, and licensed acquisitions, doubling down on compliance-first digital asset infrastructure. OSL Group announced Thursday it has closed a $200 million equity financing round to fund expansion of its stablecoin…

HKMA completes e-HKD pilot phase 2, plans rollout

Hong Kong authorities have concluded the second phase of the e-HKD pilot program, with the central bank digital currency launch mostly aimed at institutional clients. According to a report by local media, the Hong Kong Monetary Authority has completed the…