Category: Central Bank

Asian CBDC projects: What are they doing now?

Asian CBDC projects: What are they doing now?

The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat. Given their capacity to use blockchain technology to facilitate a simplified […]

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Deutsche Bank analyst: Bitcoin will be ‘ultra-volatile,’ but it’s here to stay

Deutsche Bank analyst: Bitcoin will be ‘ultra-volatile,’ but it’s here to stay

An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage” over other cryptocurrencies for the foreseeable future. 6128 Total views 39 Total shares Marion Laboure, an analyst at Deutsche Bank’s research division, said she can envision Bitcoin taking the role of digital gold in the future: lasting for centuries and […]

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Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec

Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec

PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. 676 Total views 26 Total shares The rapid adoption of cryptocurrencies like Bitcoin (BTC) poses a major challenge for the traditional financial system, an executive at the Chinese central bank has warned. Wen Xinxiang, director of the payment and settlement department at […]

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Ripple is helping Bhutan pilot a CBDC

Ripple is helping Bhutan pilot a CBDC

The company claimed its CBDC solution would allow Bhutan’s central bank to deploy a digital ngultrum “without compromising financial stability or monetary policy objectives.” 4770 Total views 52 Total shares The Royal Monetary Authority of Bhutan is partnering with Ripple to pilot a central bank digital currency in the mountainous kingdom. In a Wednesday announcement, […]

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Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. 2901 Total views 36 Total shares The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, […]

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