Cryptocurrency Analysis and News Portal
South Korea’s central bank is organizing a task force to research central bank digital currencies (CDBCs). Announced in a Dec. 26 report titled "Monetary Policy for 2020,” the Bank of Korea will hire experts to study the effects of distributed ledgers, cryptocurrencies and CBDCs on financial settlements and security. The group
Read More
South Korea's central bank, the Bank of Korea (BOK), plans to organize a task force dedicated to central bank digital currency (CBDC) research in the new year.In its “Monetary Policy for 2020” brief, published on Dec. 27, BOK said it would continue to build on its existing research into
Read More
The Central Bank of the Bahamas (CBOB) is planning to introduce a digital version of the Bahamian dollar in the Exuma district.According to an official press release, the CBOB will launch its digital currency (CBDC) pilot on Dec. 27, which will extend in the first half of 2020 to
Read More
The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox.Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a substitute for money, Russian
Read More
The People’s Bank of China’s (PBoC) deputy director Mu Changchun said that the digital form of the yuan will be different to Bitcoin (BTC) and stablecoins.Chinese news outlet South China Morning Post reported on Dec. 22 that the head of the digital currency research institute at the PBoC said
Read More
A year ago, I predicted 2019 would be the year of regulation in the crypto sector, building upon the increased scrutiny we saw in 2018 after the 2017 ICO boom and bust. 2019 didn’t disappoint: From Switzerland to Korea to France to Lithuania came proposals to regulate crypto assets. Towards the
Read More
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central
Read More
Recent research by the European Central Bank (ECB) claims that it is possible to develop a central bank digital currency (CBDC) payment system that protects user privacy.Per the report dubbed “Exploring anonymity in central bank digital currencies,” the European System of Central Banks (ESCB) established a proof-of-concept (PoC) for
Read More
On December 13th, Sweden’s central bank announced that it would be collaborating with Accenture, a strategy and consultancy firm for digital and technological operations, to begin the development process for a digital currency, the e-krona.The project will initially begin with creating a pilot platform so the development of cryptocurrency, called
Read More
Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona.While Switzerland took a negative stance towards a central bank digital currency (CBDC) earlier today, with its government claiming that it could do more harm than good, Sweden is starting to
Read More