The Norwegian central bank aims to find a preferred CBDC solution through new technical tests.
Category: Digital Currency
China aims to let foreigners use digital yuan at Winter Olympics in 2022
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022.
Gold-as-a-currency: Kinesis launches blockchain-backed monetary system in Indonesia
In partnership with the Indonesian government, Kinesis is using blockchain technology to deliver gold-based financial services to the population.
Macau poised to amend laws to enable digital yuan trials
Macau’s government is taking steps towards introducing a digital currency to combat tax evasion and money laundering in the gambling hub.
European Central Bank releases results of digital euro consultation
Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.
An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’
Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject to massive price swings.” Schnabel also surmises that trust in “cryptocurrencies might rapidly […]
Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because […]
China using Bitcoin as ‘financial weapon’ against United States: Peter Thiel
Peter Thiel has urged the U.S. government to reappraise China’s relationship with Bitcoin from a geopolitical perspective.
Sweden’s central bank completes first phase of digital currency pilot
The Sveriges Riksbank said that CBDC technology still requires further investigation.
Goldman Sachs CEO believes Bitcoin regulations are set for a ‘big evolution’
Goldman Sachs CEO David Soloman has forecast a big evolution in how the U.S. government regulates cryptocurrency.