CBDC | ForkLog - Part 24

ForkLog 6 09.11.2021

Monetary Authority of Singapore Initiates Project to Study Retail CBDC

The Monetary Authority of Singapore (MAS) has initiated a project to study the technical aspects of developing a retail CBDC. MAS head Ravi Menon announced this at the annual fintech conference.

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ForkLog 21 08.11.2021

China unveils device to exchange currencies for the digital yuan

The Bank of China financial group demonstrated a device that converts foreign currencies into the digital yuan (e-CNY). CoinDesk reports, citing local media.

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ForkLog 8 03.11.2021

Digital yuan transaction volume tops $9.5 billion

As of October, about 140 million people opened wallets for the digital yuan and used it for transactions totaling about 62 billion CNY (~$9.7 billion), Reuters reports.

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ForkLog 7 27.10.2021

ECB selects 30 members for advisory group on the digital euro

The European Central Bank (ECB) has formed an advisory group on potential development and rollout of CBDC.

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ForkLog 10 25.10.2021

Nigerian president announces launch of CBDC

On Monday, October 25, Nigeria's President Muhammadu Buhari announced the launch of the national digital currency (CBDC). The project was developed with fintech company Bitt.

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ForkLog 24 21.10.2021

Crypto-fascism in Action: How Central-Bank Digital Currencies Could Shape Economic Freedoms

National central bank digital currencies are being developed by governments representing over 90% of world GDP. ForkLog investigates how their adoption could affect economic freedoms.

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ForkLog 9 19.10.2021

Bank of France tests CBDC in government-bond transactions

The Bank of France and a group of dealers conducted 500 transactions on primary and secondary government-bond markets using the national digital currency (CBDC) over ten months.

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ForkLog 7 15.10.2021

Bank of Japan Doubts CBDC Is the Only Answer

Bank of Japan will continue studying the possibility of issuing CBDC, but it does not regard it as an alternative solution to the problems of digitizing payments. This was stated by Executive Director Shinisi Utida.

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ForkLog 20 14.10.2021

Ripple joins UK CBDC research initiative

The fintech company Ripple has become a co-founder of the nonprofit Digital Pound Foundation, a body aimed at facilitating the design and deployment of a central bank digital currency (CBDC) in the United Kingdom.

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ForkLog 7 14.10.2021

G7 finance leaders outline CBDC development recommendations

CBDCs should "support and not undermine" the ability of monetary authorities to fulfil their monetary and financial stability duties. This was stated by the G7 finance leaders.

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ForkLog 15 13.10.2021

Nouriel Roubini Forecasts a Total Shift to Central Bank Digital Currencies

Renowned economist and Bitcoin critic Nouriel Roubini said that Bitcoin will not become a true currency, and predicted a mass shift by states toward settlements in CBDCs.

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ForkLog 18 10.10.2021

Edward Snowden calls CBDCs an ‘evil doppelgänger’ of Bitcoin

Central bank digital currencies are "the latest danger hanging over society." They "distort" the very nature of cryptocurrencies, said former NSA and CIA employee Edward Snowden.

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