Everyday transactions with China’s digital currency during the Beijing Olympic Games account for around 2 million yuan (approximately $315,000), a top official at the nation’s central bank said. He further …
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European Central Bank: digital currencies to be considered as legal tender
Central Bank Digital Currencies (CBDCs) developed by foreign institutions are most likely going to become legal tender in the eurozone, according to officials, via Bloomberg. The likelihood of this outcome was confirmed by European Central Bank …
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Financial leaders from the G7 issue central bank digital currency guidelines
Group of Seven advanced economic nations has been discussing central bank digital currencies (CBDCs) this week, concluding that they should “do no harm” and meet rigorous standards. Finance leaders from …
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Edward Snowden calls CBDC “perversion of cryptocurrency.” Find out why
The world-famous whistleblower from the US, Edward Snowden, has taken to Twitter to bash the concept of central bank digital currencies (CBDCs) and in particular the one that the Fed Reserve …
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The US Federal Reserve is ready to launch review process for potential CBDC
The U.S. Federal Reserve released its plans to initiate a review of the risks and benefits of issuing a U.S. digital currency, or Central Bank Digital Currency (CBDC), following the …
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ECB’s Lagarde: ‘Cryptos are not currencies’
“Cryptos are not currencies, full stop,” Lagarde stressed. “Cryptos are highly speculative assets that claim their fame as currency, possibly, but they’re not. They are not.” Although not a currency, she …
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Federal reserve governor ‘highly skeptical’ of digital dollar
U.S. Federal Reserve Governor Christopher Waller has stated that he is “highly skeptical” that the country needs to develop its own central bank digital currency (CBDC). In remarks prepared for …
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