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China’s central bank, the People’s Bank of China (PBOC), published a draft law this Friday that aims to provide regulatory framework and legitimacy for a forthcoming central bank digital currency (CBDC), the digital yuan. The draft law states that the yuan is the official currency of the People's Republic of China
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The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023. Source
Read MoreChangpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin. In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital yuan initiative would affect the crypto industry.
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Line has revealed its intention to launch its CBDC platform. According to the report, the messaging company was moved by the increased consideration of making use of the customized digital currency in the continent.Following the recent exploration of the possibility to adapt and integrate the Central Bank Digital Currency (CBDC)
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Central bankers continued to evaluate the merits, or lack thereof, of a digital currency (CBDC), explaining that digital innovation has its benefits but policy considerations abound during a panel discussion hosted by the International Monetary Fund on Monday. The panel, featuring Federal Reserve Chairman Jerome Powell; Bank Negara Malaysia Governor Nor
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Olli Rehn believes a digital euro "in one form or another" is all but inevitable. Source
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Riksbank Governor Stevan Ingves sees a Swedish digital currency as an imperative for the central bank. Source
Read MoreEditor’s noteBlockchain technology has attracted regulatory attention since its inception. The security of the Bitcoin network despite the value of BTC in play has consistently proved the resilience of blockchain technology in maintaining records across a vast range of parties. However, many countries have determined that Bitcoin doesn’t behave as
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The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday.Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital
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New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving. Source
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