China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.
Digital Currency News
For two decades, the digital currency paradigm was a largely fringe concept championed by cryptography advocates before the launch of the cryptocurrency Bitcoin (BTC) in 2008, which heralded a new technological and social phenomenon.
While the goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security, digital currencies more broadly encompass any digital form of money, including the more recent trend of central bank digital currencies, or CBDCs.
Currently in development in China and other countries, these digital currencies may leverage blockchain technology for secure payments but with added capital controls and surveillance practices in stark contrast with the ethos of cryptocurrencies.
The future of digital currencies is uncertain. Will CBDCs become the dominant form of digital cash adopted by the masses, or will people opt into a more open, secure, permissionless financial system in the form of Bitcoin and the crypto economy?
Cryptocurrency may seem like the perfect holiday gift this year, but education is key when deciding how to gift digital assets.13063
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents.13068
Sweden is examining the risks and consequences of moving its economy to its e-krona digital currency.8460
Cryptocurrency platforms perform audits to ensure transparency, but it’s not a golden solution to solve all potential trust and security issues.4238
Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.18484
Will CBDCs disrupt stablecoins, or will they help each other?2853
Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen.2544
The decision on how to launch a digital euro could still be a long time coming.4345
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.7000
The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.6585
Is Spotify hinting at soon-to-come crypto features?6523
The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities.33274
GoodDollar believes that "digital basic income can work at scale, while effecting positive change on a global level.”9621
As crypto enters the mainstream, major retailers are offering discounts and promotions to get customers to pay using cryptocurrency28179