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
China’s central bank released a new statement to debunk some rumors.
China's digital yuan trials reportedly limited to small retail transactions
Adrian Zmudzinski
2020-08-24T11:09:00+01:00
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News
China’s national blockchain project BSN could be the best fit for the digital yuan.
China’s Blockchain Service Network to launch stablecoin support in 2021
Helen Partz
2020-08-24T08:16:00+01:00
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News
A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly.
Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly
Mohammad Musharraf
2020-08-20T11:02:00+01:00
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News
XRP contributes to the development of CBDCs and stablecoins, says key exec.
XRP Isn’t Competing With Stablecoins and CBDCs, Says Ripple Exec
Helen Partz
2020-08-19T12:08:00+01:00
18731
News
Thailand’s central bank assesses the chances of bringing centralized and decentralized together.
Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht
Helen Partz
2020-08-14T12:55:00+01:00
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News
While there is not yet a set time for the expanded pilot program to begin, a policy framework should be complete by the end of 2020.
China Expands Digital Yuan Trials to Beijing and Neighboring Provinces
Adrian Zmudzinski
2020-08-14T10:25:00+01:00
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News
Fed Governor Lael Brainard shares updates about the U.S. digital currency initiative and why it is crucial to understand CBDCs.
Boston’s Federal Reserve Bank and MIT to Tackle Digital Currency Research
Mohammad Musharraf
2020-08-14T09:48:00+01:00
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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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