The Norwegian central bank aims to find a preferred CBDC solution through new technical tests.
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022.
In partnership with the Indonesian government, Kinesis is using blockchain technology to deliver gold-based financial services to the population.
Macau’s government is taking steps towards introducing a digital currency to combat tax evasion and money laundering in the gambling hub.
Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.
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 […]
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 […]
Peter Thiel has urged the U.S. government to reappraise China’s relationship with Bitcoin from a geopolitical perspective.
The Sveriges Riksbank said that CBDC technology still requires further investigation.
Goldman Sachs CEO David Soloman has forecast a big evolution in how the U.S. government regulates cryptocurrency.