CBDC | ForkLog - Part 39

ForkLog 13 22.01.2021

Shenzhen to hold third mass test of digital yuan

Shenzhen authorities will distribute among the population 20 million digital yuan (about $3.1 million) as part of a new pilot program to promote the use of the new form of currency, according to Xinhuanet.

AI translated

ForkLog 18 19.01.2021

Bank of France completes CBDC pilot worth €2 million

The Bank of France successfully tested a central bank digital currency (CBDC) in a pilot project involving the issuance of tokenised shares of a currency fund worth more than €2 million. The regulator used a private blockchain platform for this for the first time, according to the press release.

AI translated

ForkLog 12 19.01.2021

Study finds 74% of central banks are interested in blockchain technology.

Semantic analysis of publications from 191 central banks identified interest in blockchain technology among 127 regulators (74%). By January 2021 they had mentioned it 4,408 times. This Mindsmith study reports.

AI translated

ForkLog 26 19.01.2021

Shenzhen residents carry out nearly 140,000 digital yuan transactions

During the second round of testing the digital yuan (DCEP) in Shenzhen, participants carried out 139,794 transactions totaling nearly $3 million, local authorities reported.

AI translated

ForkLog 8 18.01.2021

IMF poll participants criticise CBDCs

Most IMF poll participants declined to regard central bank digital currencies as money.

AI translated

ForkLog 17 18.01.2021

Ex-Canadian prime minister sees Bitcoin and CBDCs contesting the dollar for reserve-currency status

Bitcoin and national digital currencies (CBDCs) could potentially bolster the basket of reserve currencies and become an alternative to the US dollar. This view was expressed by former Canadian prime minister Stephen Harper.

AI translated

ForkLog 18 15.01.2021

Jerome Powell says regulating stablecoins is a Fed priority

Regulating stablecoins is more important than issuing a US digital dollar, said Federal Reserve Chair Jerome Powell during an online conference at Princeton University.

AI translated

ForkLog 23 14.01.2021

Opinion: CBDCs Will Lag Behind Cryptocurrencies

Central bank digital currencies (CBDCs) will concede to Bitcoin and other cryptocurrencies in the competitive arena if the latter take root as a means of payment in e-commerce. This view is held by analysts at investment bank Macquarie, according to CoinDesk.

AI translated

ForkLog 8 14.01.2021

Banking sector voices no opposition to digital ruble, says Bank of Russia

Bank of Russia officials see demand for using the digital ruble, and none of the Russian banks spoke out against its issuance. This was stated during the discussion 'Does Russia need a digital ruble' by Deputy Chairman of the Bank of Russia Alexey Zabotkin.

AI translated

ForkLog 21 14.01.2021

ECB: Privacy cited as the main characteristic of the digital euro by users

The European Central Bank (ECB) has completed public consultations on the digital euro. More than 8,000 people and organisations participated in the discussion, a record for such public consultations by the ECB, the regulator said.

AI translated

ForkLog 12 11.01.2021

China tests digital yuan at Shenzhen ATMs

The Agricultural Bank of China tested the digital yuan (DCEP) at its ATMs in Shenzhen. Customers exchanged cash and bank deposits for the digital yuan, and vice versa, local media reported.

AI translated

ForkLog 23 05.01.2021

Ukraine’s Ministry of Digital Transformation and Stellar sign memorandum of understanding on cooperation in virtual assets

On December 28, Ukraine’s Ministry of Digital Transformation and the Stellar Development Foundation (SDF) signed a memorandum of understanding and cooperation. They will jointly develop a strategy regarding virtual assets in Ukraine.

AI translated

#CBDC