CBDC News

A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020, with numerous countries expressing interest in their own versions of the asset type. Some countries pushed faster than others toward their own native digital currency. China, for example, moved quickly toward the prospect of its own CBDC, called the digital yuan.

The Bahamas burst on the central bank digital currency market in 2020 with the first CBDC. Called the Sand Dollar, the country’s CBDC is a national digital currency for the region, holding the same value as the Bahamian dollar. CBDCs differ from crypto-native stablecoins put out by crypto industry entities. Such stablecoins aim to track the value of underlying assets, such as the U.S. dollar, although the stablecoins themselves are not official regional currencies and are often overseen by companies.

News
The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions.
IMF intends to 'ramp up' digital currency monitoring
Max Moeller
2021-07-29T19:00:00+01:00
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A new survey of 3,000 Russians suggested that most people strongly disagree with receiving salary payouts in a state-controlled digital currency.
One-tenth of Russians ready to get salaries in digital ruble, report says
Helen Partz
2021-07-28T11:04:01+01:00
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Rich Checkan described CBDCs as the spawn of Satan and thinks that Bitcoin is still a speculative asset and not a currency alternative yet.
CBDCs ‘concocted in hell by Satan himself,’ says ASI president Rich Checkan
Brian Quarmby
2021-07-28T06:49:56+01:00
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The inaugural 2021 Independent Reserve Cryptocurrency Index is based on a poll of 1,000 Singaporeans from a representative background of gender, age and locatio...
43% of Singaporeans own crypto, according to Independent Reserve survey
Sam Bourgi
2021-07-26T04:00:00+01:00
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Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China appears to be pulling ahe...
Countries representing over 90% of global GDP are exploring CBDCs
Sam Bourgi
2021-07-25T17:05:26+01:00
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The Central Bank of Nigeria will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on Oct. 1.
Nigeria to pilot central bank digital currency in October
Marie Huillet
2021-07-23T10:09:21+01:00
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RBI is looking for ways to test a CBDC while causing little to no disruption for the bank’s status quo.
Reserve Bank of India mulls first steps toward an eventual CBDC
Landon McBride
2021-07-22T22:30:13+01:00
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China's central bank digital currency can now be used on insurance policies that offer various levels of compensation for diagnosis of or death due to COVID-19.
Digital yuan pilots expand to insurance industry for the first time
Marie Huillet
2021-07-21T12:38:57+01:00
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