Rwanda’s central bank is reportedly examining how to offer an official digital currency.
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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- Opinion
Sovereign states and central banks could digitize paper money and be the concrete alternative to Libra.
- Explained
Are crypto tokens different than coins? An ultimate guide to all forms of digital currencies.
- News
Speaking to Italian journalists, Ren Zhengfei said Beijing should not wait for others to issue Libra-style tokens.
- News
by Thomas Simms
China should learn from Hong Kong and Facebook as it develops its own sovereign digital currency, a former central bank governor says.
- News
Companies such as Google and Amazon will launch a product in the crypto industry, say Gemini co-founders.
- News
by Helen Partz
Busan, South Korea’s second biggest city, seeks to develop a local crypto in partnership with BNK Busan Bank.
- News
Augustin Carstens revealed the ‘bank of central banks’ is actively supporting members’ efforts to issue tokens.
- News
by Helen Partz
The Central Bank of the Bahamas is moving forward with its state-backed digital currency by entering a new agreement.
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A private digital currency provider says peer-to-peer technology ensures every user’s account is kept “out of reach to any prying eyes.”
- News
by Helen Partz
An adviser to Russian President Vladimir Putin proposed to adopt a digital currency in Crimea to attract foreign investment.
- News
by Helen Partz
The Bank of Russia believes that CBDCs can reduce transaction costs in the economy and provide an asset that is less risky.
- News
The platform had previously undergone a private testnet release and will now gather feedback from users.
- News
Jay Clayton drew attention to the ongoing engagement with the crypto space and enforcement of existing legislation.
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