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 Bank of Jamaica plans to issue a total of $1.5 million of CBDC to institutions and authorized payment service providers as part of a pilot ending this Decem...
Bank of Jamaica mints the first batch of national digital currency
Helen Partz
2021-08-10T18:45:00+01:00
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Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.
Cambodia explores cross-border transactions of CBDC-like Bakong
Helen Partz
2021-08-06T13:15:01+01:00
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News
The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.
Venezuela to launch CBDC in October — And cut six zeros from its currency
Brian Quarmby
2021-08-06T02:03:53+01:00
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Chris Waller’s comments come after Jerome Powell said that the Federal Reserve would be issuing a discussion paper on CBDCs.
Fed governor says CBDCs remain 'a solution in search of a problem'
Turner Wright
2021-08-05T17:28:17+01:00
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Ukraine’s newly signed law On Payment Services requires close cooperation between the National Bank of Ukraine and private startups in the payment market.
Ukraine central bank now officially allowed to issue digital currency
Helen Partz
2021-07-30T14:25:47+01:00
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The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions.
IMF intends to 'ramp up' digital currency monitoring
Max Moeller
2021-07-29T19:00:00+01:00
6438
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Digital currencies are primed to reinvent trade between African countries.
Ghana's vice president declares Africa should embrace digital currencies
Max Moeller
2021-07-29T00:01:40+01:00
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A new survey of 3,000 Russians suggested that most people strongly disagree with receiving salary payouts in a state-controlled digital currency.
One-tenth of Russians ready to get salaries in digital ruble, report says
Helen Partz
2021-07-28T11:04:01+01:00
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