One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.
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?
Over 70% of the community’s votes were against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets.2341
Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.4430
With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch.3152
Canada’s government stated its concerns about the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation.3886
China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume.5631
The South Korean regulator noted that popular stablecoins used by the public might become a primary tool for money laundering using digital assets.2042
Cryptocurrency platform Freeway has halted transactions and services related to its “Supercharger” high-yield product until further notice.3060
Is owning digitized gold a better option than physical gold? Comtech Gold tokenizes the metal making it more liquid and secure.3287
The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business.6415
China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech.4184
Are your coins at risk of being seized by an exchange in the future? Here are some factors to consider related to using centralized exchanges.3820
The blockchain company has been pushing hard into the CBDC space since piloting its CBDC Private Ledger aimed at central banks in March 2021.7901
Crypto can act as protection against inflation, but not until it establishes its fundamentals and achieves mass adoption.11614
Crypto adoption should be about more than speculative trading outside of your regular bank account.11064