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
China’s CBDC is on its way to Hong Kong.
Hong Kong’s Greater Bay Area to Launch China’s Digital Yuan
Helen Partz
2020-08-12T17:29:00+01:00
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State-owned commercial banks in China are reportedly testing a wallet for the country's forthcoming digital yuan.
China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
Helen Partz
2020-08-06T13:05:00+01:00
5007
News
Bitcoin-related activities are not prohibited by the Chinese government as the cryptocurrency acts as a virtual commodity.
China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration Commission
Helen Partz
2020-07-30T15:00:00+01:00
3862
News
According to former CFTC Commissioner Sharon Bowen, the U.S. is behind other nations working on a CBDC.
US Lags Behind Other Nations Regarding CBDCs, Says Former CFTC Commissioner
Mohammad Musharraf
2020-07-22T13:49:00+01:00
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Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says.
Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official
Helen Partz
2020-07-21T19:36:00+01:00
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Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC.
Bank of Jamaica Invites Tech Companies to Test Digital Currency Solutions
Mohammad Musharraf
2020-07-21T12:06:00+01:00
3061
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The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses.
Bank of Thailand Progresses With Digital Baht Tests Before Public Launch
Helen Partz
2020-07-16T17:50:00+01:00
3829
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Cypherium’s founder predicts that adoption of CBDCs for cross border payments will happen sooner than expected.
Cypherium CEO Predicts CBDC Cross-Border Payments ‘Soon’
Ting Peng
2020-07-16T01:28:00+01:00
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