Search Results for: digital currency

NBC to issue central bank digital currency

National Bank of Cambodia to Issue Digital Currency This Fiscal Quarter

The National Bank of Cambodia is readying a Central Bank Digital Currency (CBDC) to launch at some point during the current fiscal quarter. The new digital currency is called Bakong. It’s effectively a CBDC that was earlier launched on a trial basis throughout Cambodia in July 2019. The director-general of the National Bank of Cambodia, […]

Qatar bans cryptocurrency trading

Qatar Bans Cryptocurrency Trading; May Create National Digital Currency

Cryptocurrency trading bans in Qatar. This Middle East country has a population of over 2.5 million but doesn’t want to adapt to the future of currency. According to the recent media reports, the Qatar Financial Centre (QFC) Regulatory Authority says that virtual asset trading remains out of sight from the QFC at this time. The […]

central bank of china

Central Bank of China to Test Digital Currency in Shenzhen and Suzhou

The central bank of China is on schedule to test its national digital currency. The test will soon begin in the cities of Shenzhen and Suzhou. Reports also come that four state-owned commercial banks collaborate with three telecom giants in China. Why? Because the collaboration aims to find the best implementation strategies of digital currency. […]

China's official digital currency

China’s official digital currency is ready says its central bank

As much as China shows disapproval towards cryptocurrency, it is now introducing its own form of virtual currency. The People’s Bank of China (PBOC) has announced that China’s official digital currency (CBDC) “can now be said to be ready”. However, there’s no mention of just when the currency would be ready…

Project Sand Dollar

Project Sand Dollar: Bahama’s First Digital Currency.?

The Central Bank of Bahamas (CBOB) is all set to introduce the first ever digital currency in the country. This info about the new crypto comes from a local media. CBOB along with Zynesis(A Singapore based firm) and NZIA will sign an agreement and start the “Project Sand Dollar“. The main purpose of this project […]

Central Bank Digital Currency

European Bank Considers The Perk Of Central Bank Digital Currency

Vitas Vasiliauskas, an officer of the European Central Bank (ECB) emphasized the perk of CBDC (Central Bank Digital Currency) in his speech. The speech was published by the Bank of International Settlements. He is the Chairman of the Board of the Bank of Lithuania and a Governing Council member of ECB. The bank official discussed […]

Marshall Islands to Issue Physical Banknotes for Decentralized Digital Currency

Marshall Islands to Issue Physical Banknotes for Decentralized Digital Currency

The Marshall Islands, a US associated state near the equator in the Pacific Ocean, has signed an agreement with Tangem, a blockchain-enabled smart card company, to introduce Sovereign (SOV), the world’s first decentralized digital currency in physical banknotes form. However, the International Monetary Fund (IMF) has opposed the state’s plans to launch SOV. In September 2018, it urged the island not to create a national digital currency, due to the associated concerns such as macroeconomic and money-laundering.

central bank of bahama to roll out its digital dollar in h2 2020

Bahama Digital Dollar to Roll Out Across All Islands in H2 2020

While major industry actors argue that central bank digital currencies are years or decades ahead, the Bahama plan to adopt a CBDC no later than 2020. John Rolle, the governor of the Central Bank of the Bahamas (CBOB), confirms that the Bahamian digital dollar initiative will be introduced across all islands in the second half […]

cryptocurrency remains a political issue in the united states

Cryptocurrency Remains a Political Issue in the United States

Though the Democratic presidential race in the United States may have lost its most forward-thinking candidate when it comes to cryptocurrency, that doesn’t mean it’s not still a hot button issue across party lines. The number of patents and companies associated with cryptocurrencies and blockchains continues to rise in the US market. This is what […]