Digital Currency News

The CEO of NZIA Ltd, the firm developing the Bahamas’ central bank digital currency, said that startups will be key to its adoption

The Central Bank of the Bahamas is moving forward with its state-backed digital currency by entering a new agreement.

A private digital currency provider says peer-to-peer technology ensures every user’s account is kept “out of reach to any prying eyes.”

An adviser to Russian President Vladimir Putin proposed to adopt a digital currency in Crimea to attract foreign investment.

The Bank of Russia believes that CBDCs can reduce transaction costs in the economy and provide an asset that is less risky.

The platform had previously undergone a private testnet release and will now gather feedback from users.

Jay Clayton drew attention to the ongoing engagement with the crypto space and enforcement of existing legislation.

The State Bank of Pakistan, the nation’s central bank, aims to issue a digital currency by 2025.

The service is the first of its kind locally, the company says, and utilizes U.K.-based insurance solutions.

South Korea’s central bank mentions CBDCs in its annual payment settlement report and announces a blockchain trial later in 2019.

The two-month-long pilot involved central bank employees, with results now being analyzed, a senior official says.

A postdoctoral researcher from the University of Luxembourg believes central banks are very interested in launching CBDCs.

Consumer trust in CBDCs could spell disaster for smaller private lenders, a new report warns.

Tencent statistics show an almost 50/50 split over support for a central bank digital currency appearing from Beijing.

PayPal co-founder Luke Nosek admits the company would have created something like cryptocurrencies if the market had permitted.