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Emerging technologies such as blockchain are reshaping the landscape of the traditional financial system in Europe.
Major crypto event, Consensus: Distributed, kicks off virtually, with ECB board member Yves Mersch discussing central bank digital currencies.
European Central Bank executive board member Yves Mersch believes that the main impediment for CBDC is philosophical rather than technological.
Former CFTC royalty and current leaders of a U.S.-based think tank to promote a digital dollar talk privacy in new AMA.
Most central banks believe there are retail uses for CBDCs, but few plan to launch one in the next five years
As China stops the spread of COVID-19 inside the country, the government announced two of the largest crypto and blockchain-related developments.
The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.
On May 5, the former Bank of China president Li Lihui took to a live broadcast to address his thoughts on the upcoming digital yuan. Firstly, the launch for the Digital Currency/Electronic Payment (DC/EP) is imminent and the potential for it to eventually replace physical renminbi (RMB) is high once critical mass is achieved in Chinese citizens adopting the use of DC/EP as their main medium of currency.
A former President of Bank of China says the digital yuan will be able to eventually replace cash if four key conditions are met.
No central bank is currently working on a CBDC that can be used by consumers, according to blockchain firm R3.
Traditional finances could be dramatically changed in the near future, and central bank-issued digital currency is the first step.
An Italian town has created their own currency to support local businesses in the Coronavirus lockdown.
Stablecoins and central bank digital currencies have the potential to replace, or at least dramatically improve, bank accounts as they are today.
Hong Kong-based AI startup SenseTime partnered with PBoC’s digital currency research unit to continue the development of the digital yuan.
In a recent panel, SEC Commissioner Hester Peirce AKA CryptoMom opened up about the prospect of a digital dollar as well as the end of her term, coming in June.