The ongoing coronavirus pandemic accelerates central bank digital currency developments, according to Deutsche Bank macro strategist Marion Laboure.
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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by Samuel Haig
Amid growing concerns regarding the transmission of COVID-19, the Bank of International Settlements is pushing for digital currencies.
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by Helen Partz
The central bank of France officially announced a program of experiments to test the interbank integration of central bank digital currencies.
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by Kollen Post
A board of 22 finance and fintech experts joins former CFTC leaders and Accenture to steer the future of the Digital Dollar Project.
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Trader and YouTuber Tone Vays said the U.S. Fed’s new digital dollar is nothing different than the current system.
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VR platform Somnium Space sold 110 ETH worth of digital land during the first seven days of a 10-week offering.
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International Monetary Fund leader, Tao Zhang, discussed the positives and negatives of a central bank digital currency.
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In an exclusive interview with CT, a senior member of the Japanese government discusses the urgent need to implement a digital yen.
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by Helen Partz
Sweden’s central bank wants to join Switzerland, Singapore and Hong Kong in hosting the BIS innovation hub.
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This week, the UK’s central bank issued a discussion paper on how digital currencies could be introduced and used in the country.
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by Felipe Erazo
Binance’s US wing has implemented USDC deposits to convert to BUSD easily.
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Crypto Valley Association president Daniel Haudenschild said that central bank digital currencies are “the next logical stage.”
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by Felipe Erazo
Crypto software firm has gathered $2.5 million in a seed round led by Moonshots Capital to strengthen its connections with mainstream financial services.
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by Felipe Erazo
Chile’s CryptoMarket is now operating under European regulation after being granted a license by Estonia’s financial watchdog.
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by Felipe Erazo
An Argentinean lawmaker has been studying the possibility of bringing a government-backed cryptocurrency for Mendoza.
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