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 U.S. already has a “safe and active dynamic domestic payment system,” Powell argued.
Better to get it right than to be first with CBDC, says US Fed chair
Helen Partz
2020-10-19T15:08:27+01:00
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News
Some winners purchased additional digital yuan during the pilot.
95% of winners in China’s CBDC lottery spent digital yuan prizes
Helen Partz
2020-10-19T09:16:16+01:00
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News
The first pilots of Russia’s digital currency are expected to launch in H1 2021.
Five Russian banks express interest in piloting digital ruble
Helen Partz
2020-10-16T09:19:44+01:00
3641
News
The Bahamas’ digital currency is currently used domestically.
The Bahamas central bank wants to make its digital ‘Sand Dollar’ global
Helen Partz
2020-10-15T14:34:30+01:00
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News
Starbucks and McDonald’s are reportedly not part of the 3,000 merchants piloting China’s CBDC.
Starbucks and McDonald’s reportedly not testing China’s digital yuan
Helen Partz
2020-10-14T11:28:00+01:00
3059
News
Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.”
Bank of Russia issues consultation paper on digital ruble
Helen Partz
2020-10-13T13:44:17+01:00
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News
Japan is getting more serious about the digital yen.
Japan must amend central bank laws to issue digital yen, says official
Helen Partz
2020-10-12T11:07:26+01:00
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Video
The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB.
U.S. Vs. China: who will win the digital currency war?
Marco Castrovilli
2020-10-09T19:05:00+01:00
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