The ECB drops another working paper on the digital euro, causing more outrage from Europeans opposing a central bank digital currency.
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?
Jonas Gross spoke with Cointelegraph about the digital euro’s risks for private banks and the goals of the ECB.1087
Chile’s planned start to its digital peso rollout in early 2022 has been held back while its central bank conducts more analysis to inform a new report by the end of the year.2215
Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.1949
Joe Rogan noted that Bitcoin is like the “early internet,” and the “government is freaking out” about BTC in conversation with the MMA fighter Khalil Rountree.10546
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the most bullish cryptocurrencies at the moment.9493
SALT’s Crypto Bahamas brought together traditional financial players with crypto companies and industry experts to discuss the future of digital assets.2470
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.2709
Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies.1157
Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.2046
Retail digital payments are growing, but the country needs to implement further payment and financial inclusion reforms before a retail CBDC will be needed.3683
The African nation will reportedly join a short list of countries to adopt cryptocurrency as legal tender.3626
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts reveal their personal portfolios.6752
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss nine of the worst mistakes you can make in crypto.6766
The sovereign national digital currency will be based on the national fiat and would have a fixed supply quite similar to Bitcoin.3355