Sveriges Riksbank, Sweden’s central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country’s own such asset — the e-krona. “The second issue of Sveriges RiksbankRead More…
The Bank of Lithuania (BoL) has revealed ambitious long-term plans to develop its blockchain platform for use beyond the financial services sector. On May 26, the central bank’s blockchain-based sandbox, LBChain project,Read More…
Benoît Cœuré, the head of the Bank for International Settlements Innovation Hub, recently asserted that central bank digital currencies, or CBDCs, have been brought “into sharper focus” amid the coronavirus pandemic. SpeakingRead More…
Acquiring financial knowledge is priceless nowadays and, to tell the truth, has always been. We live in times when the usage of fiat is steadily decreasing in the world’s top-GDP countries, andRead More…
On March 7, three monetary and cryptocurrency experts discussed the challenges and prospects of central bank-issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020. The panelists acknowledged thatRead More…
Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, theRead More…
The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer andRead More…
This past week in Japan, native exchange Bitpoint released data showing a massive deficit from 2019, Japan’s Financial Services Agency mentioned upcoming tightened regulations, Japanese and European central banks researched distributed ledgerRead More…
The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency (CBDC). As domestic news outlet Sina reported on Jan. 10, People’s BankRead More…
Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it isRead More…