The governor of Sweden’s central bank has issued a five-year time frame within which he expects the country to have a central bank digital currency.
The taskforce will coordinate exploration of the objectives, use cases, opportunities and risks of a potential CBDC, as well as guide the evaluation of its design features, among other responsibilities.
Li Bo, the deputy PBoC governor, said the apex bank is satisfied with the current digital currency regulations in China, but would seek to enforce even stricter rules for stablecoins.
Faiā Managing Director and Honā founder George Siosi Samuels was the latest guest on Bitstocks podcast episode 42, titled “Bitcoin: Re-emerging Atlantean Times & Cosmic Memory.”
RelayX has launched RelayX.com/mint, a free-to-use BSV token minting tool that allows tokens created through it to instantly trade on REX.
Venmo, the mobile electronic payment platform owned by PayPal, has just launched a service that allows cryptocurrency trading.
The Securities and Exchange Commission acknowledged that a recent ban by the bank had disrupted Nigeria’s digital currency industry, while pledging support to promote innovation in the nascent industry.
The digital currency exchange FloatSV has launched a bitcoin-backed loyalty reward token–the FLT–that is redeemable for BSV.
Vaionex founder and CEO Robin Kohze recently guested on the Bitstocks podcast episode 41 to talk about “The Challenges of Building on Bitcoin.”
The central bank termed digital currencies as risky because “they are neither subject to any regulation and supervision mechanisms nor a central regulatory authority.”
Among the responses, the bank said it had received a number of helpful technical contributions on how best to realize the digital euro.