News
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.
11
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?
- News
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.
3672 - Analysis
Reporting cryptocurrency when filing taxes can help investors offset their losses.
6752 - News
The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.
9377 - News
The SEC and CFTC taking action against the alleged fraudster shows that decentralized finance is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s.
11553 - News
The program aims to provide selected projects with upfront seed funding of $30,000 in addition to mentoring, masterclasses and support from industry experts.
5007 - News
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app.
8554 - News
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.
17580 - News
China’s central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments.
6050 - News
Market uncertainty calls for an opportunity to take advantage of disruptive innovation, which has historically “gained share during turbulent times,” said the ARK Invest CEO.
6506 - News
After recently completing its first payment transactions using a central bank digital currency, the Turkish central bank is pushing ahead with more tests over 2023.
6068 - News
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
6567 - News
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.
58011 - Interview
Trademark applications filed this year covered various disparate sectors.
7210 - News
The service will initially be rolled out to select PayPal users within the United States.
7436