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.

News
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 ...
WEF Unveils Global Governance Consortium for Digital Currencies
Marie Huillet
2020-01-24T13:15:00+00:00
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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.
Japanese Officials Are Working on a Digital Currency
Andrey Shevchenko
2020-01-24T10:37:00+00:00
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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.
MIT Research Group Calls Crypto a Testing Ground for a Central Bank Digital Asset
Benjamin Pirus
2020-01-23T20:35:00+00:00
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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.
Facebook’s Libra Pushed World to Reconsider USD as Global Reserve Currency: WEF
Helen Partz
2020-01-23T18:48:00+00:00
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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.
Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”
Andrey Shevchenko
2020-01-23T17:45:00+00:00
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The World Economic Forum has released a toolkit for policymakers regarding the creation of central bank digital currencies.
World Economic Forum Debuts Framework for Central Bank Digital Currency
Adrian Zmudzinski
2020-01-23T11:22:00+00:00
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Former CFTC chairman J. Christopher Giancarlo has some new remarks regarding his Digital Dollar initiative, speaking in Davos.
Davos: Giancarlo’s Digital Dollar Project Will Focus on Benefits of a US CBDC
Helen Partz
2020-01-22T17:43:00+00:00
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Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.
Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments
Helen Partz
2020-01-22T13:39:00+00:00
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