UK government establishes central bank digital currency task force

The United Kingdom is the latest country to begin exploring the possibility of creating a central bank digital currency. Her Majesty’s Treasury and the Bank of England have begun preliminary central bank digital currency studies that could result in the creation of a national digital currency. In a document published by HM Treasury, the exchequer announced the creation of a CBDC taskforce in collaboration with the UK’s central bank. Jon Cunliffe, deputy governor of the Bank of England and Katharine Braddick, director general of financial services at HM Treasury will co-chair the task force. According to the terms of reference document, the task force will synergize the efforts of all relevant statutory bodies in the UK regarding CBDC development. As part of its duties, the task force will explore preliminary issues associated with the design, implementation, and operation of a CBDC in the UK The task force will also interface with stakeholders across academia, fintech and other relevant industries to identify the technological hurdles involved in creating a sovereign digital currency. The joint HM Treasury and BoE task force will also monitor CBDC-related developments on the international scene especially as other nations are actively exploring their own central bank digital currency projects. According to a BoE press release issued on Monday, the central bank will also run its own internal CBDC unit headed by Jon Cunliffe. The establishment of the task force is yet another indication of the UK government’s focus on digital currencies and fintech in the aftermath of Brexit.

You can’t talk about blockchain and not bring up CBDCs and stablecoins

Economies are currently experiencing the development of brand new ideas around CBDCs, stablecoins or private digital currencies. Ever since the publication of Satoshi Nakamoto’s white paper back in November 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System,” the term “blockchain” has been synonymous with digital currencies in the sense of the underlying technology that allows for the transfer of value, peer-to-peer.  What’s interesting is that the term “blockchain” is not used once in that white paper.

IMF Increasing Focus on Digital Currency Revolution and Cross-Border Remittances

The International Monetary Fund (IMF) is stepping up its focus on digital currencies, calling the coming shift to digital assets a revolution.

ECB endangers itself by waiting around on digital euro, says ConsenSys exec

"Who’s gonna use the euro in its current form? There are gonna be so many choices" said ConsenSys South Africa lead Monica Singer. The European Central Bank will put itself in jeopardy if it waits around a digital euro too long, according to an executive at major cryptocurrency firm ConsenSys. ConsenSys South Africa lead Monica Singer joined in at the European Blockchain Convention to discuss the role of the private sector in shaping global central bank digital currencies, or CBDC.

Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” event sheds light on Bitcoin’s role as an investment tool, along with the future of stablecoins. If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC).

Raoul Pal Says One Threat May Derail the Bitcoin Revolution – And It’s Not Regulation

Macro guru Raoul Pal believes the advent of central bank digital currencies (CBDCs) could adversely affect Bitcoin.

Nigerian Blockchain Educator Says Uncertain Regulations and Scams Slow Adoption of Cryptocurrencies

With a population of over 200 million, Nigeria is widely regarded as one the biggest crypto markets in the world.

Republican Kevin McCarthy says Fed chair needs more education on crypto

The House minority leader said the United States should not take a backseat to China when it comes to digital currencies.

Here's what Ripple's CTO had to say regarding XRP's 'biggest success'

A couple of years back, Bill Gates had made a statement accrediting digital currencies to be the future of money.

What Is China’s Digital Currency and Why Are Others Racing To Do the Same?

Countries across the globe are busy exploring digital currencies, but China is on the cusp of releasing a CBDC to its 1.4 billion citizens.

Bank of Korea Governor Says CBDCs Could Kill Demand for Crypto

Bank of Korea (BOK) Governor Lee Ju-yeol thinks that incoming central bank digital currencies (CBDCs) could reduce demand for cryptocurrencies like Bitcoin.

Soros CIO: Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize Bitcoin

Soros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary.

Jamaica Plans to Pilot a Central Bank Crypto, CBDC to Work Alongside Notes and Coinage

While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project.

China and Japan go full steam ahead with CBDC pilots

Asia’s largest economies are pushing forward with their respective CBDC trials, with six Chinese banks offering digital wallets and Japan establishing a new committee. China and Japan are pushing forward with their respective pilots for central bank-issued digital currencies, or CBDCs. On March 26, Bank of Japan announced it had established the Liaison and Coordination Committee on Central Bank Digital Currency to convene with both the private sector on the banks upcoming CBDC proof-of-concept, or PoC, stating: “The Bank, through this committee, will share details of, and provide updates on the PoC with the private sector and the government and will seek consultation on future steps to facilitate smooth implementation of the PoC.” The announcement also noted the bank has been preparing to conduct a pilot CBDC since October 2020, and will formally commence Phase 1 of its CBDC pilot next month. On March 23, Chinese state media outlet Sina reported that six major government-owned banks have begun testing wallet services for the digital renminbi.

Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments

Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies.

Central Banks Focus On Financial Inclusion As Cryptos Get Traction

Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs).

Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments

Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.

Coinbase Crypto Exchange to Support CBDCs in the Future as Long as They Meet Listing Standards

Brian Armstrong, Coinbase's CEO, has stated that the crypto exchange was open to the idea of supporting central bank digital currencies (CBDCs) on its network in the future.

Microsoft President on digital currencies: We’re not a bank and we don’t want to become a bank

With Facebook working on its digital currency project Diem, formerly known as Libra, the idea of a private entity issuing currency did not please many financial regulators.

Microsoft president says fintechs should leave currency to central banks

Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins. For Brad Smith, president of the Microsoft Corporation, fintech firms have no business issuing private digital currencies. According to Bloomberg, Smith gave these remarks while speaking at an online conference organized by the Bank for International Settlements.

American News Magazine Time to Accept Crypto for Subscriptions, Firm Auctions 3 NFT Covers

The American news magazine Time has revealed it is getting into the cryptocurrency and blockchain space, as a new job listing shows the 98-year-old publication is in search of a chief financial officer (CFO) who understands bitcoin.

Exeedme launches the first Esports Integrity Commission approved Play2Earn platform

Disclaimer: The text below is a press release that was not written by Cryptonews.com. The company has the stated goal of creating a decentralized economy that allows gamers to earn digital currencies on the blockchain as they play. Exeedme was founded by Nuno Fernandes and Francisco Varela with the intention of creating a platform that would enable gamers to monetize their playing time,

Shenzhen-listed ICT Company Plans to Invest $155 Million in Microbt Bitcoin Mining Hardware

A Shenzhen-listed information and communications technology (ICT) company ZJBC has plans to invest in the bitcoin mining sector according to a recent announcement.

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

While speaking at a virtual payments conference hosted by the Basel Committee on banking supervision, Federal Reserve Chairman Jerome Powell said that central bank digital currencies would need to be complementary to physical cash.

Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer

On March 17, a report detailed that the digital exchange being developed by Switzerland’s principal stock exchange SIX is preparing to launch by the summer of 2021.

Digital Currencies and Tokenization Might be a Dominant Factor in the Future, says DBS CEO

Piyush Gupta, the CEO of Singaporean multinational banking corporation DBS, believes that the digital currencies and tokenization of assets is now a reality, which might be a dominant factor in the future.

Goldman Sachs Reports Rising Customer Demand for BTC: Predicts an ‘Explosion’ in the Use of Digital Currencies

John Waldron, the chief operating officer (COO) of Goldman Sachs, says the financial services giant is seeing rising customer demand to own and invest in bitcoin.

The Kessler Collection Jumps Into Crypto, 8 Luxury Hotels Now Accept Digital Currencies

During the last few months, a great number of businesses have been adding cryptocurrency support to their payment systems.

South Korea’s Shinhan, LG CNS Unveil CBDC Platform

The South Korean commercial banking giant Shinhan and LG CNS, the IT services arm of the electronics conglomerate LG, have unveiled their joint pilot platform for central bank digital currencies (CBDC). The two firms announced they would be partnering on the platform late last year, and the companies appear keen to pool Shinhan’s banking and custody expertise with

Ripple Testing Private Version of XRP Ledger To Power Central Bank Digital Currencies

Ripple is piloting a private version of the XRP Ledger that’s designed to provide central banks a solution for powering digital currencies.

Ripple Makes Private Blockchain for Building Central Bank Digital Currencies

The new CBDC Private Ledger is being developed with high throughput and interoperability as its main priorities, said Ripple.

Central bank digital currency a mixed blessing, says RBI

The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020–2021. India’s central bank has recognized the potential benefits of central bank digital currencies but not without including a few pitfalls. The Reserve Bank of India offered its assessment of CBDCs as part of its report on currency and finance issued on Feb.

Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

According to South Korea's amended income tax law, cryptocurrency investors will pay 20 percent tax on profits from digital currencies.

China’s CBDC is about domestic dominance, not beating the dollar

The notion of China racing to launch a CBDC that will end US monetary supremacy doesn't hold up if you look at the facts on the ground. For the past several years, the trade war between China and the US has been at the center of international relations, with technology playing an outsized role. Within crypto, advancing interest in central bank digital currencies has become part of that narrative of geopolitical competition.

Crypto has issues; bitcoin is inefficient for conducting transactions, says US Treasury Secy

United States Secretary of the Treasury, Janet Yellen made a comment on digital currencies during a public event.

Banks will be required to work with crypto, e-money and CBDCs to survive

The global monetary landscape will have everyone storing electronic money, cryptocurrencies and central bank digital currencies in one bank. Image a scenario where you need different messengers to send different types of messages — for example, WhatsApp for text messages, Viber for audio, Telegram for video, etc.

Ripple Executive Says Company Working With Central Banks To Develop Digital Assets

The vice president of RippleX James Wallis says Ripple is currently working with central banks on developing digital currencies.

Ripple to Build The Core Ledger that Will Power Central Bank Digital Currencies

Ripple has been making headway in pursuing projects involving central bank digital currency issuances.

Bill Gates Shares His Thoughts on Bitcoin and Digital Currencies

Taking a neutral stance on bitcoin, Bill Gates said that the financial world will eventually transition into a digital form of payment methods.

Central Bank Digital Currencies May Drive Cash ‘Shadow Economy’ to Crypto: Reuters

"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.

Integration of Credit Card with Digital Currencies, Bringing Crypto from Hype to Mainstream

Financial giants MasterCard and Visa are expanding at a fast pace and beginning to explore Bitcoin and other cryptocurrencies.

Russia’s Lower House to Consider Bill on Crypto Taxation This Week

If passed the bill would amend tax laws to recognize digital currencies as a form of property.

BestChange: Putting Crypto and Money Exchangers at One Place

[Featured Content] At this point, it’s undeniable that the cryptocurrency market is becoming a factor to be considered as digital currencies, in general, boom in value.

Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

The e-commerce giant is preparing to explore the crypto business, as a recent job listing suggests.

Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans. In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor.  One platform that has benefited from increased attention on the cryptocurrency sector is Algorand (ALGO), a scalable, secure, and decentralized digital currency platform. Since the start of 2021, ALGO price has steadily grown from $0.33 on Jan.

Qtum, Status (SNT) and Iota (MIOTA) rally after breaking multi-year downtrend

Qtum, Status and Iota recently broke free of their long term downtrends after each network added new features and announced new partnerships. Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies for making payments. If Amazon jumps on the crypto bandwagon, it will immensely strengthen the possibility of cryptocurrencies going mainstream across the world. Crypto market data daily view.

PayPal Wants to Be a CBDC Distributor

The digital currencies could be distributed through PayPal’s digital wallets, the company’s CEO said.

Japan’s Finance Minister Calls on G7 to Discuss CBDCs at Talks Friday

Japan’s finance minister Taro Aso suggested on Tuesday that the G7 finance ministers should have discussions over central bank digital currencies (CBDCs) in Friday’s virtual meeting.

G7 Will Meet to Discuss CBDC and Digital Tax this Week Says Japan’s Finance Minister

The Group of Seven (G7) will meet on Feb.12 to discuss central bank digital currencies (CBDC), digital taxation and global debt according to Japan’s Finance Minister Taro Aso.

G7 to discuss CBDC and digital taxation this week

The G7 will begin its Feb. 12 meeting on the subject of central bank digital currencies, before moving to digital taxation and accelerating global debt. Japanese Finance Minister Taro Aso has revealed the G7’s financial leaders will discuss central bank digital currencies during a meeting on Feb.

South Korean Central Bank: Build Legal Boundary Between CBDCs & Crypto

Source: Adobe/Снежана Кудрявцева The South Korean central bank – the Bank of Korea (BOK) – wants Seoul to draw a line between central bank digital currencies (CBDCs) and cryptoassets, and hopes the government will make an eleventh-hour adjustment to a key crypto law that promulgates next month. The BOK made its recommendation in a new report that comprises input from experts

Indian parliament reportedly considering fast-tracking crypto bill

Government officials may be planning to introduce the law potentially banning crypto “within a month” of the ordinance clearing. The Indian government may be taking a legislative shortcut to pass a bill recently proposed to regulate digital currencies in the country. According to a report from news outlet CNBC-TV18, the Indian government may take the “ordinance route” to ban the use of private cryptocurrencies in the country as well as create a regulatory framework for a digital rupee issued by the Reserve Bank of India.

Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows Suit

While a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket.

PayPal to Beef up Crypto Operations with ‘Significant Investment’

PayPal’s decision to embrace crypto was widely credited with sparking last year’s crypto price surge, and bitcoin (BTC)-to-USD rates are now rising steadily after the company claimed that it would “significantly invest” in a “new crypto, blockchain and digital currencies business unit” that it claims will “help shape a more inclusive future.” The company’s

PayPal to offer crypto payments for merchants, limited trading on Venmo

After their limited crypto trading service "exceeded expectations," the company will double down on crypto, blockchain, and digital currencies in 2021 After a limited buy/sell/hold crypto trading launch that "exceeded expectations," PayPal CEO Dan Schulman said on the company's Q4 earnings call today that the payments giant is ready to double down on cryptocurrencies.  “We also saw an exceptional response from our crypto launch,” said PayPal CEO Dan Schulman.

Economists: CBDCs to ‘Flop’ if They Aren't Designed as Stores of Value

Source: Adobe/Сергей Шиманович Central bank digital currencies (CBDCs) could become a store of value, a new paper claims – a move that could help them avoid becoming “a gigantic flop.” These were the findings of two economics experts at the University of Wuerzburg, in Germany, who published their findings on the VoxEU portal, a media outlet run by the EU’s Center for

National Digital Currencies Primed to ‘Flop’, Say Researchers

Central bank digital currencies aren't needed as digital cash substitutes, say European economists Peter Bofinger and Thomas Hass.

US Federal Reserve Seeking Manager to Research CBDCs and Stablecoins

The US Federal Reserve (Fed) has posted a job advertisement that seeks to hire a role related to stablecoins and central bank digital currencies (CBDC).

Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network

Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network.

Visa CEO Says the Payment Giant Will Add Cryptocurrencies to Its Payments Network

Visa has come out in support of digital currencies and believes that cryptocurrencies have the potential to improve the value of digital payments and create more accessibility.

Visa May Add Cryptocurrencies to Its Payments Network, Says CEO

The payments company works with wallets and exchanges to enable crypto purchases, and could eventually use digital currencies over blockchain in the same way it processes traditional money.

The Small Guys Rebel Against their Big Brother Hedge Funds

What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto.

Dogecoin Price Skyrockets 325%, Crypto Fueled by Elon Tweets and Redditors

The infamous meme token dogecoin has been skyrocketing in value rising more than 325.21% during the last 24 hours.

Report: Bitcoin Bull Run and Rising Awareness of Digital Currencies Led to a 20% Increase in Crypto Related Lawsuits in China

A report from China says as many as 872 lawsuits relating to cryptocurrencies were filed in the past year, a figure which is approximately 20% more than that of 2019.

Bitcoin Investors Could Lose Everything, Warns BIS General Manager

Should the need for digital currencies arrive, central banks have to be the ones that issue them, said the General Manager of BIS.

Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoin Will Work’

The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin.

Central banks must play ‘pivotal role’ in digital money, says BIS exec

An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money. With central bank digital currencies — or CBDCs — on the agenda in many countries, the general manager of the Bank for International Settlements has weighed in on the role of the mainstream financial establishment in the emerging digital currency landscape. Speaking at the Hoover Institution policy seminar on Jan.

Crypto Fans 'LOL' At BIS GM Claims that Bitcoin 'May Break Down'

The crypto community has reacted with incredulity after a senior Mexican economist and the boss of the Bank for International Settlements (BIS) appeared to dismiss the notion of decentralized digital currencies such as bitcoin (BTC). In a recent speech, Agustín Carstens, the General Manager of the BIS and the former Governor of the central Bank of Mexico, claimed that central

Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS

Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements. Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements. In its latest survey of CBDC development, the BIS shows that central banks representing roughly a fifth of the world’s population are set to introduce a “general purpose CBDC in the next three years.” The 23-page document is based on primary consultations with more than 60 monetary authorities conducted in late 2020.

Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies

A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are more likely to replace gold as a store of value.

BOE’s Bailey, Western Union CEO Part of Davos Panel on Digital Currencies

The session will focus on the diminishing role of cash and the emergence of central bank digital currencies, moves accelerated by the pandemic.

Buying Items and Services With Bitcoin: A Look at Crypto Asset Accepting Merchants in 2021

While the price of bitcoin and numerous cryptocurrencies have jumped in value, a great number of merchants have been willing to accept digital currencies for goods and services.

Another Pro-Crypto Appointment in the Biden Administration?

Reports are that Chris Brummer – author of a volume on crypto assets and frequent speaker on digital currencies – will chair the CFTC.

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

The ‘central bank of central banks’ is building a CBDC settlement platform

The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year. CBDC research has been announced as a top priority for the Bank for International Settlements’ Innovation Hub, or BISIH, in 2021. According to its annual work program, BISIH, plans to “explore the feasibility of faster and cheaper cross-border payments” using central bank digital currencies.

Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator

Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report.

Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System

While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency.

Horizen Labs' co-founder says CBDCs could raise Bitcoin awareness

Central Bank Digital Currencies, or CBDCs, will likely affect Bitcoin in some fashion.

Are CBDCs considered to be 'real money'?

As cryptocurrencies cement their position in investor's portfolios, nations around the world are also showing great interest in digital currencies that are backed by fiat currencies.

IMF Survey Takers Say CBDCs Are Not Money

The financial watchdog even said that ambitious central banks developing digital currencies might come up against their own laws.

Former Canadian prime minister names Bitcoin as possible reserve currency

Bitcoin could be part of a basket of reserve alternatives to the US dollar, according to Stephen Harper. Stephen Harper, who served as prime minister of Canada for nine years, says there may be a place for Bitcoin and central bank digital currencies as part of a basket of reserve currencies to replace the dollar. In an interview with investment service Cambridge House’s Jay Martin at the Vancouver Resource Investment Conference today, Harper said the possibility of the US dollar being replaced could only come from a large currency like the Euro or Chinese yuan.

Decred co-founder explains the possible effects of a CBDC takeover

How would mass-scale CBDC issuance impact the crypto space? Over the course of 2020, numerous countries across the globe raced toward their own digital versions of their currencies, known as central bank digital currencies, or CBDCs.

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money.

Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says

The investment giant predicts CBDCs will continue gaining steam, although Western central banks have more outstanding questions than answers.

IMF Says Only 40 Countries Allowed To Issue Digital Currencies

While many nations are moving to develop digital currencies, the International Monetary Fund (IMF) reports that only a number of countries are legally allowed to do so.

IMF Poll: Digital Currencies Are Real Money

The overwhelming majority of respondents in a recent IMF poll believes that digital currencies really are money.

Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network

The world’s largest producer of palladium and high-grade nickel is joining a multi-stakeholder initiative that uses blockchain technology. "Mining" may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains. The Russian company Norilsk Nickel — the world’s largest producer of palladium and high-grade nickel and a large producer of platinum and copper — has joined an initiative called the Responsible Sourcing Blockchain Network, according to an announcement published on Jan.

China’s blockchain project BSN to pilot global CBDC system in 2021

China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.

Jerome Powell on CBDCs: ‘We Don’t Feel a Need to Be First’

The US is going slow on central bank digital currencies (CDBCs) considering the risks they may pose to the dollar’s dominance, the Fed Chair said Thursday.

Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.

Cointelegraph predictions for the first 5 CBDCs of 2021-2022

2021 & 2022 touted to be the most important years for the development of CBDCs Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBD

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.

Ripple continues to position XRP as 'bridge asset' for CBDCs

Despite its ongoing legal troubles, Ripple appears to be continuing its mission to position XRP as a "bridge asset" between Central Bank Digital Currencies (CBDCs).

Can’t Keep a Good Dog Down: Meme Token Dogecoin Spiked Over 500% This Year

The leading cryptocurrency bitcoin has crossed new all-time highs (ATH) in 2020 and into 2021 as well.

Crypto Economy Spikes More Than 11%, Entire Market Cap Captures Over $800 Billion

Digital currency markets have seen decent gains this weekend as bitcoin touched another all-time high (ATH) on Saturday afternoon.

Happy New Year Of Bitcoin, Ethereum, Alts, DeFi, CBDC & Other Trends!

On this first day (UTC time) of the new year, we will turn to the future and look into the predictions we have already published for 2021: on crypto space in general, individual cryptoassets, prices, technology, adoption, investment, regulation, security, as well as decentralized finance (DeFi) and central bank digital currencies (CBDCs). Bitcoin, Ethereum, XRP, Bitcoin

Central Bank Digital Currency (CBDC) Race: 2020 Year in Review

As 2020 comes to a close, we take a look back at the most important developments regarding the pursuit of Central Bank Digital Currencies (CBDC).

Indian crypto bank opens physical location, eyes 100 branches by 2022

India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding digital currencies in the country. Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society has launched a physical crypto bank branch in Jaipur, India. Back in October, Multistate announced plans to offer both online and physical crypto banking services across its 34 locations in northern India. Users will be able to access both fiat and crypto-asset services at the bank.

Cointelegraph Consulting: Dormant Bitcoin on the move as price volatility rises

The increasing conflict between regulators and digital currencies doesn’t seem to slow down BTC. In a period filled with holidays, the cryptocurrency industry refused to take a day off.

Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor

The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant.