European Central Bank’s CBDC Borrows Bitcoin’s Pseudo-Anonymity
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central
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CBDC
Ghana Joins the Bandwagon — Plans for CBDC, Still Wary of Crypto
Ghana is maintaining a cautious approach to cryptocurrencies despite its central bank’s plans to launch a digital currency in the new year. Over the past five years, the West African country has become the fastest-growing mobile money market on the continent. The burgeoning number of mobile money users is
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US Fed Weighs Up Potential CBDC as Countermove Against China
Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously.Markets have heard more frequent guidance from the Fed on cryptocurrencies in recent years, and
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‘Nothing Is Above Bitcoin, No CBDC, No Stablecoins,’ Says Blockstream CEO Adam Back
In an exclusive interview with CryptoX, Blockstream CEO Adam Back stated that for him, nothing is above Bitcoin, not even stablecoins or other coins issued by central banks.Adam Back invented the hashcash proof of work system, and was one of the first people to work with Bitcoin (BTC). In
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North Korea Needs Its Own National Crypto, CBDC Fever Spreads in Asia
It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task. Will the government
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German Cabinet and Bundesbank Are in Close Communication on CBDC Issues
The Cabinet of Germany and Germany’s central bank Deutsche Bundesbank are working together closely on issues related to central bank digital currencies (CBDCs).Awareness of global CBDC situationOn Aug. 29, Germany’s federal parliament (Bundestag) published official feedback to a request from parliamentary group the Free Democratic Party, which asked the
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No Bank Account Needed to Transfer China’s Upcoming CBDC
Binance Research, the research arm of the major crypto platform Binance, has reported that no bank account will be necessary to use China’s Central Bank Digital Currency (CBDC).Loose coupling and anonymityBinance Research shared its findings on Aug 28. According to the report, China’s CBDC will be transferable without a
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