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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
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The Bahamas’ digital currency pilot project goes live in Exuma on Friday.Residents of the island Exuma can enroll in the Central Bank of The Bahamas’ “Project Sand Dollar,” beginning December 27, 2019. They will receive mobile wallets that the Bahamamian government sees as facilitating the future of payments on the
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Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies. According to reports by Chinese media, Tencent issued an internal notice informing employees it was searching for someone to head a new cryptocurrency research unit, which will form
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Tencent, the operator of Chinese social media app WeChat, is planning to create a digital currency research group for the further advancement of blockchain technology research projects.On Dec. 23, Chinese media outlet iFeng reported that the Chinese internet giant released a statement to its employees saying that the company
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The head of the People's Bank of China's (PBOC) digital currency research subsidiary, Changchun Mu, said China's cryptocurrency will not need a currency basket to maintain a stable value.Speaking to reporters at The China Finance Association Academic Annual Meeting and China Finance Forum Annual Meeting in Beijing Saturday, Mu said
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According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Michael J. Casey is CoinDesk’s chief content officer. The views expressed here are his own.Our social media-constrained attention spans make it hard to focus
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South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30. Local news outlet dongA reported on Dec. 19:“Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize
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A governor of the U.S. Federal Reserve has warned that the Facebook-led Libra project has a “core set of legal and regulatory challenges” ahead.In a prepared speech for an event in Germany on Wednesday, Lael Brainard said more clarity is needed about the basket of currencies underlying the stablecoin and
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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
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