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?

News
The potential national digital currency in Kazakhstan is not intended to replace either cash or cashless payments, the central bank stressed.
Kazakhstan opens public consultation for central bank digital currency
Helen Partz
2021-05-06T09:24:37+01:00
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News
The purchase makes the eCommerce platform the 36th publicly traded company to add Bitcoin to its balance sheet.
Largest Latin American eCommerce platform adds $7.8M Bitcoin to its treasury
Ezio Rojas
2021-05-05T23:38:31+01:00
17470
News
Georgia's central bank has invited fintech firms and others to participate in the CBDC project.
Georgia's central bank is exploring 'Digital Gel' CBDC
Turner Wright
2021-05-05T20:30:00+01:00
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The Bahamas is beginning a push for national digital currency adoption this summer, the central bank's governor, John Rolle, said.
Bahamas central bank prepares national Sand Dollar push for summer
Helen Partz
2021-05-05T14:18:36+01:00
26089
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CBDCs will never offer the same freedom of use as cryptocurrencies like Bitcoin, according to Binance CEO Changpeng Zhao.
Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US
Helen Partz
2021-05-04T12:28:50+01:00
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News
European financial institutions are using pilots to make a case for the digital euro.
100M euro digital bond was a CBDC test, says Banque de France
Brian Quarmby
2021-04-30T09:12:33+01:00
17657
News
According to a recent poll, 14% of Russians think crypto will replace fiat in 10 years, while 39% think it’s impossible to give up cash.
21% of Muscovites think crypto and digital currencies will replace fiat in 10 years
Brian Quarmby
2021-04-28T05:23:18+01:00
8760
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Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.
Ant Group highlights private sector's role in developing digital yuan
Helen Partz
2021-04-26T19:00:00+01:00
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