CBDC | ForkLog - Part 50

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ForkLog 17 22.08.2020

Bahamas central bank records Sand Dollar on balance sheet at $48,000

The Central Bank of the Bahamas issued the Sand Dollar for $48,000.

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ForkLog 19 21.08.2020

Opinion: Bitcoin and Libra Will Not Disappear With the Advent of Digital Versions of Fiat Currencies

Speculative Bitcoin and Libra, designed for transactions, will carve out their niches after central bank digital currency (CBDC) appears in every country. This view was expressed in one of CNBC's podcasts by Raghuram Rajan, former RBI governor and former IMF chief economist.

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ForkLog 16 20.08.2020

China to test the digital yuan in large-scale commercial transactions

The Ministry of Commerce of the People's Republic of China announced an expansion of tests of the central bank digital currency (DCEP) to large-scale commercial transactions. The testing will cover all levels of the sectors, including hospitality and e-commerce payment processing.

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ForkLog 14 14.08.2020

Fed outlines research into issuing a digital dollar

The U.S. Federal Reserve is conducting experiments with a hypothetical digital dollar for research purposes, Bloomberg reports.

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ForkLog 19 14.08.2020

Chinese authorities designate new regions for digital yuan pilot tests

The Ministry of Commerce of China has unveiled a list of regions that will participate in the large-scale testing of the central bank's national digital payments system (DCEP) among the general public. This was reported by 8btc.

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ForkLog 13 08.08.2020

Media: Four Chinese state-owned banks confirm they are testing CBDC wallets

Several large state-owned commercial banks in China are taking part in large-scale tests of the central bank digital currency (DCEP) payment system, 8btc reports citing local media.

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ForkLog 15 29.07.2020

Philippine central bank begins study into issuing its own digital currency

The Philippine central bank has formed a working group to study the need for, and potential consequences of, issuing its own digital currency (CBDC). Bloomberg reports, citing the central bank governor, Benjamin Diokno.

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Krzysztof Shpak 530 15.06.2020

Can Covid-19 Kill Cash and What Will It Mean for Bitcoin?

It has been argued many times that for purposes of money laundering and conducting black market activities Bitcoin in fact does not even come close to its predecessor—hard cash. In fact, some go as far as to claim it is foolish to rely on Bitcoin for traditional illicit activities while cash still exists.

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Krzysztof Shpak 681 04.04.2020

Tone Vays: Whatever Governments Call Their Digital Currencies, It’s All About Getting Rid of Paper Money

A lot is going on with the economy. The monetary authorities around the world leverage their powers to intervene by printing money and introducing unconditional payments for citizens, businesses change their model or struggle to keep afloat.

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Krzysztof Shpak 558 01.04.2020

Bank of France to Test CBDC Contributing to Wider Effort

The Bank of France announced a CBDC experiment and is open to applications. The test is a part of the larger move towards introducing central bank digital money in the EU and is aimed to explore solutions for interbank settlement.

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Krzysztof Shpak 689 24.03.2020

The Bank of England Is Considering Jumping on the CBDC Bandwagon

The Bank of England (BoE) has published a discussion paper, exploring the pros and cons of a potential issuance of CBDC pegged to the British pound. In the paper, BoE offers more pros than cons and pledges to hear out thoughts on the matter from the general public.

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Krzysztof Shpak 519 18.02.2020

Dmitry Bondar: If There Is Time to Be Afraid of CBDCs, It Is Better to Spend It on Preparation

The beginning of 2020 had a lot for central bank digital currencies. China is seemingly ready to test its own digital cash system, while Western countries are getting on with their research and considerations about CBDCs.

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