CBDC | ForkLog - Part 40

ForkLog 26 04.01.2021

Shenzhen to run another mass test of the digital yuan

Authorities in Shenzhen will distribute via lottery 100,000 ‘red envelopes’ containing 200 digital yuan (DCEP) each. The total amount will be around $3 million, according to The Block, citing local sources.

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ForkLog 17 04.01.2021

Regulation at Scale: What Changed for Bitcoin and Cryptocurrencies in 2020

In 2020, many countries advanced regulation of the cryptocurrency industry. The COVID-19 pandemic provided a powerful catalyst, as Bitcoin gained traction among institutional investors seeking regulatory clarity.

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ForkLog 14 26.12.2020

Turkey to begin testing of digital currency in 2021

Pilot tests of Turkey's national digital currency (CBDC) will begin in the second half of 2021, according to Naci Ağbal, head of the central bank, per Koin Bülteni.

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ForkLog 11 23.12.2020

Italian banks begin experiments with the digital euro

The Italian Banking Association (ABI), which represents 700 financial institutions, announced the start of testing of a central bank digital currency (CBDC).

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ForkLog 16 23.12.2020

CBDCs Could Rival SWIFT, Says Bank of Russia

Central bank digital currencies (CBDCs) could rival the international cross-border payments system SWIFT. This view was expressed by Bank of Russia's First Deputy Chairman Olga Skorobogatova, according to RBC.

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ForkLog 13 23.12.2020

Professor at the Russian School of Economics: the digital ruble will be a safer form of money than fiat

The security of the digital ruble will be guaranteed by obligations from the Bank of Russia. This was stated by Oleg Shibanov, professor at the Russian School of Economics, in a VTimes podcast.

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ForkLog 17 21.12.2020

Goldman Sachs: CBDC could boost the efficiency of fiscal and monetary policy

Analysts at Goldman Sachs saw only modest benefits for fiscal and monetary policy following the possible launch of the Fed's 'lite' version of the CBDC. But their effectiveness would rise by an order of magnitude after adding additional functionality to the digital dollar.

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ForkLog 25 18.12.2020

Visa proposes offline payment method for central bank digital currencies

Visa, the payments giant, published a study describing an autonomous payment system for central bank digital currencies (CBDCs).

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ForkLog 10 14.12.2020

Former head of China’s central bank: the digital yuan does not threaten global currencies

China's national digital currency will support Beijing's efforts to promote the yuan as an international currency, but it is not intended to replace globally recognised fiat money—the dollar and the euro. This was stated by former central bank governor Zhou Xiaochuan, according to the South China Morning Post.

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ForkLog 9 14.12.2020

ECB stresses private-sector role in future digital payments system

The ECB's Governing Council said that stepping up work on issuing the digital euro does not imply an intention to displace the private sector in providing payment services.

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ForkLog 26 14.12.2020

Bank of France: CBDC experiments will prompt a review of the regulatory framework

Planned tests by the Bank of France of the digital euro will determine whether the current legislative framework is adequate for the launch and circulation of a national CBDC. This view was expressed by Deputy Governor Denis Bo, writes The Block.

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ForkLog 20 14.12.2020

Digital yuan payments top 20,000 JD.com purchases in 24 hours

Nearly 20,000 DCEP transactions were made by users on JD.com in the first 24 hours after the experiment began in Suzhou, according to Global Times.

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