Digital yuan rolls on as new tests announced in China
China’s plans for a central bank digital currency have taken further steps forward, with the roll out of fresh real-world trials.
Latest Central Bank Digital Currency News
India proposes banning Bitcoin and developing a digital rupee
India’s digital currency industry faces an uncertain future, with a proposed draft bill threatening to impose a blanket ban on the entire industry.
US Fed seeking manager with a focus on stablecoins and CBDCs
The successful applicant will be in charge of emerging payment, clearing and settlement systems for the U.S. Federal Reserve.
BIS head: Bitcoin may break down altogether, has no actual value backing
The head of the Bank for International Settlements believes that Bitcoin could end up collapsing altogether.
India’s central bank exploring the need for digital currency
In a recent outlook on payments in the digital era, the bank justified its earlier apprehension, but revealed that it’s now open to the possibility of a digital rupee.
Shanghai, Beijing and other major cities plan large-scale digital yuan tests
The accelerated testing phase comes after a successful year for the state-backed digital currency in which it was used in most major cities.
China unveils first digital yuan physical card in Shanghai
Unlike in Shenzhen, Beijing and Suzhou, the People’s Bank of China is expanding beyond the use of smartphones to make digital yuan payments.
Swedish bankers fear for deposit base as e-krona plans develop
Swedish bankers are weighing up the risks of a digital currency to their deposit base, as plans for the rollout of an e-krona continue at pace.
China extends digital yuan test to Beijing as Shenzhen holds second lottery
China’s digital currency electronic payment has been in testing phase in locations including Shenzhen, Suzhou, Xiong’an New Area, and Chengdu.
Turkish central bank announces surprise digital currency pilot for 2021
Turkey is set to begin trials of a new digital currency in 2021, after the country’s central bank announced it had been working on a digital lira.
Japan to launch a CBDC feasibility study in 2021: report
The Bank of Japan is reportedly conducting research on a digital yen as it aims to keep up pace with neighboring China.
2020 year in review: Revolutionary use cases of blockchain in banking and finance
Patrick Thompson takes a look at some of the revolutionary developments in banking and finance that took place in 2020 involving blockchain technology and digital currency.