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Major cryptocurrency event, Consensus 2020, has officially kicked off in virtual mode. Consensus: Distributed, Cryptox’s first ever fully virtual conference, featured European Central Bank (ECB) key legal official, Yves Mersch, as the first speaker.On May 11, ECB board member Mersch delivered an exclusive keynote devoted to central bank digital currencies
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The COVID-19 pandemic is pushing the global economy toward a major recession, but there may be a silver lining in all this for the crypto industry: The accelerated adoption of central bank digital currencies.The use of cash seems to be plunging these days — particularly now, as people are
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The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.CBDC development is one of the bank’s top priorities The meeting summarized the
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As central banks around the world are cutting interest rates to zero and taking aggressive action against the economic recession due to the coronavirus pandemic, China’s central bank is accelerating its central bank digital currency (CBDC) plan.According to a Global Times report on March 24, China is one step
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In the past month, Chinese payments platform Alipay has disclosed a number of patents relating to and revealing more details of China’s planned central bank digital currency (CBDC), the digital yuan.According to a report in local media outlet Interchain Pulse on March 23, Alipay is set to play an
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As central bank digital currencies (CBDCs) march into view, a privately-run version of digital fiat is adding a key tech partner.Utility Settlement Coin (USC), the blockchain-based payments system involving commercial and central banks, will be working with ConsenSys-backed startup Adhara, CoinDesk has learned. Adhara was behind Project Khokha, which used
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China continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the potential implications.Over the past few weeks, a number of Japanese lawmakers have publicly expressed their
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The National Bank of Cambodia (NBC) is to launch a Blockchain-based, peer-to-peer payment and money transfer platform in the next few months, according to the NBC Director-General Chea Serey yesterday. Also known as a Central Bank Digital Currency (CBDC) or some might even coin it a national cryptocurrency.“We are very
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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 Bank of China (PBoC) accomplished the top-layer design of the planned digital yuan, developed relevant standards, carried out research
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On Jan. 1, China’s law governing cryptographic password management came into power. Essentially, the act aims to set standards for the application of cryptography and the management of passwords, and, therefore, ultimately reduces China’s cyber vulnerabilities on a nationwide scale. Some local media outlets rumor that the law is paving
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