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Bank of France Launches Experiment Program on Central Bank Digital Currency

News As a number of global jurisdictions like the Bahamas and Sweden are already testing their central bank digital currencies (CBDC), French central bank is getting more straightforward regarding its own CBDC plans. The Bank of France is now officially launching a program of experiments to test t..

Industry Players Join Former CFTC Royalty on Digital Dollar Project’s New Board

News The Digital Dollar Project, which advocates a blockchain-backed digital dollar in the United States, has announced the inaugural roster of its Advisory Board. The new advisors joining the founders of the projectThe project is an initiative of several former heads of the Commodity Futures Trad..

Tone Vays Says Proposed Digital USD is Nothing New

News Markets trader and YouTuber, Tone Vays, says the United States’ digital dollar proposal is no different than the current system, except for its ties to the country’s federal reserve. “There is nothing technologically new here, whatsoever,” Vays said in a March 24 YouTube video, referencing t..

VR World Somnium Space Sells 110 ETH of Virtual Land

News Somnium Space sold 110 Ethereum (ETH) worth of virtual land plots during the first seven days of its multi-week affair. “During the first week of Road to SLO we have sold a total of 25 parcels for 110 ETH,” a Somnium representative told Cointelegraph. “Moreover we have seen a record high sal..

IMF Weighs the Pros and Cons of a Central Bank Digital Currency

News In a recent keynote speech to the London School of Economics, International Monetary Fund (IMF) Deputy Managing Director, Tao Zhang, briefed the positives and negatives of a central bank digital currency (CBDC). Zhang pointed toward greater efficiency and lower costs associated with a CBDC. “..

Key Government Figure Says Japan Needs a Digital Yen — and Fast

News Even amid the financial turmoil caused by the coronavirus outbreak, countries are continuing to consider the adoption of a central bank digital currency (CBDC). In an exclusive interview with Cointelegraph Japan, Kozo Yamamoto, Liberal Democratic Party (LDP) Member of the House of Representat..

Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

News The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March 6, the Riksbank noted that in order for..

Bank of England Releases Discussion Paper on CBDCs

News The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, a digital currency could u..

Binance.​US Enables USDC Deposits

News Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US. The new listing took effect on Wednesday, March 4th, at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website. BUSD allowed for tr..

Switzerland’s Crypto Valley Association Head Says CBDC Is a Good Idea

Interview In an exclusive interview with Cointelegraph, Crypto Valley Association President Daniel Haudenschild said that central bank digital currencies are “the next logical stage.” Haudenschild explained to Cointelegraph that he believes CBDCs are the next stage “in evolution for decentralized ..

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