A draft of an Indian national strategy on blockchain floats the idea of a central bank digital currency, the digital Indian rupee, and a national blockchain.
Digital Currency News
Digital currency is a type of currency that has no physical form and only exists in digital form. Digital currencies include virtual money and cryptocurrency. This digital money may be used as traditional money to buy and sell goods, but with the allowance of instant transactions and borderless transfer-of-ownership. Digital money can be restricted to a certain community or be fully free for anyone to use. Digital money can also be decentralized or have a central authority over an emission process, can be backed by other currency or liquid asset, or work without any backing. Investing in digital currency has become very popular after the explosion of cryptocurrencies due to their volatility, which makes them a great speculation tool. Although digital currencies are useful and progressive, they are not yet widespread and most banks do not accept them.
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An act regulating cryptocurrency firms comes into effect on Jan. 28 in the Republic of Singapore.
- Hodler’s Digest
by Thomas Simms
Catch up on all the gossip from the World Economic Forum, and find out what Elon Musk *really* thinks about cryptocurrencies.
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The World Economic Forum has created what it claims is the first ever global consortium dedicated to designing a framework for the global governance of digital ...
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Japan appears to have reversed its earlier stance on CBDCs as Facebook’s Libra and China’s digital yuan pressure decision makers to release a digital yen.
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MIT’s crypto research group said the crypto and blockchain space is an experimental playground paving the way for a central bank digital currency.
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by Helen Partz
Major global economists credit Facebook’s Libra with pushing the world to reconsider the U.S. dollar as the world’s anchor currency at WEF panel in Davos.
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At the World Economic Forum in Davos at a digital currency-centric panel, Calibra’s David Marcus focused on the issues of the unbanked as the primary use case.
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The World Economic Forum has released a toolkit for policymakers regarding the creation of central bank digital currencies.
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by Helen Partz
Former CFTC chairman J. Christopher Giancarlo has some new remarks regarding his Digital Dollar initiative, speaking in Davos.
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by Helen Partz
Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.
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Six major central banks and the Bank for International Settlements jointly created a digital currency research group.
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by Helen Partz
J. Christopher Giancarlo, ex-CFTC chairman aka “Crypto Dad” has started a think tank to promote the blockchain-based U.S. dollar.
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Chinese officials are showing high demand for a manual on digital currencies that summarizes its main concepts, which demonstrates interest from the government.
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IMF chief economist Gita Gopinath said she sees too many different complications blocking a digital currency from overtaking the U.S. dollar.
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