CBDC | ForkLog - Part 47

ForkLog 17 15.10.2020

Bahamas to push Sand Dollar onto the global stage

The Bahamas' Sand Dollar, the digital currency, is expected to be used outside the country. The central bank is pursuing such goals, The Nassau Guardian reports.

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ForkLog 13 15.10.2020

People’s Bank of China Urges Faster Roll-Out of Digital Yuan

China should accelerate efforts to roll out a sovereign digital currency, making it part of an independent financial infrastructure, said Chen Yulu, deputy governor of the People's Bank of China. South China Morning Post reports.

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ForkLog 18 13.10.2020

Digital yuan airdrop drew nearly 2 million people

Authorities in Shenzhen carried out the first distribution of the digital yuan to the public. Applications for one of the 50,000 red envelopes were submitted by 1,913,847 people, according to AsiaOne.

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ForkLog 21 13.10.2020

Bank of Russia weighs possibility of creating a digital ruble

The Bank of Russia has weighed the possibility of creating a digital ruble. The regulator published a report examining the viability of its issuance and plans to gather feedback on the matter by year-end.

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ForkLog 20 12.10.2020

Opinion: DCEP built on the digital yuan is just another payments app

The Shenzhen authorities' distribution of 10 million digital yuan among 50,000 residents is nothing more than a change of payment channel. The public does not realise what lies ahead when monetary policy comes under even greater control of the Chinese central bank, according to Dovey Wan, managing partner at Primitive Ventures.

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ForkLog 20 09.10.2020

BIS and seven central banks outline core CBDC requirements

The European Central Bank (ECB), the Bank of England, the U.S. Federal Reserve, the Bank of Canada, the Bank of Japan, as well as the central banks of Sweden and Switzerland, in conjunction with the Bank for International Settlements have prepared a special report. It presents the fundamental principles and key characteristics of central bank digital currencies (CBDCs).

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ForkLog 20 09.10.2020

China Announces First Public Distribution of Digital Yuan

In October, China will run a lottery to distribute digital yuan gifts. Shenzhen authorities will randomly distribute 10 million digital yuan among 50,000 residents of Luohu District in the form of red envelopes.

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ForkLog 18 08.10.2020

U.S. Treasury Begins Study of Digital Currencies and Blockchain

The U.S. Treasury, in parallel with the Fed, is conducting research into the use of the digital dollar. Deputy Treasury Secretary Justin Muzinich said this during an online seminar on the economy's future.

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ForkLog 20 07.10.2020

Bank of Korea to launch final stage of CBDC testing in 2021

South Korea's central bank will begin the final stage of testing its own digital currency (CBDC) next year, according to The Korea Herald, citing the regulator.

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ForkLog 12 06.10.2020

Bank of Canada sees CBDCs as a threat to financial stability

Launching central bank digital currencies (CBDCs) could be a risky step for states, threatening their financial stability. This is stated in the Bank of Canada's report.

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ForkLog 18 06.10.2020

China tests digital yuan in $162m pilot transactions

The People’s Bank of China conducted tests of the national digital currency (CBDC) in pilot transactions totaling 1.1 billion yuan (~$162 million), according to the South China Morning Post.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 13 04.10.2020

Estonian central bank to conduct research into digital currencies

Estonian central bank Eesti Pank announced a study into digital currencies, aiming to explore the possibilities for creating an infrastructure that could support payment solutions using new technologies.

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