Tag: CBDC

  • CryptoRuble
    Crypto

    Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble?

    Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee. The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now...

    Ricardo Esteves | November 8, 2018 | 11:00 pm
  • Blockchain

    IBM Survey: No Major Central Bank Will Implement CBDCs in the Near-Term

    A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials. IBM Survey Finds That Central Banks Won’t Be Introducing CBDCs in Near-Term The report was conducted by IBM and the Official Monetary...

    Ricardo Esteves | October 27, 2018 | 6:00 pm
  • Report
    Technology

    EU Report: State Cryptocurrencies Could Create a Stable Financial System

    An EU report has concluded that central bank digital currencies (CBDCs) could pave the way towards a more stable financial system due to their ‘disruptive’ ability. It also recognised the opportunities for oppressed countries to use cryptocurrencies, but highlighted the risks of volatility in the crypto market. EU...

    tim copeland | June 26, 2018 | 8:00 pm
  • Hong Kong
    Technology

    Hong Kong Treasury Rejects Notion of a Central Bank Digital Currency

    The Hong Kong Treasury decided against the notion of creating a central bank digital currency (CBDC) yesterday, but said that they will monitor the situation. Hong Kong is ‘Already Efficient’ Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, said, in a press release, that Hong...

    tim copeland | May 31, 2018 | 7:00 pm
  • Digital
    Industry

    BoE: Central Bank Digital Currency May ‘Strengthen’ Monetary Policy

    According to research from the Bank of England (BoE), a central bank issued digital currency has the potential to revolutionize monetary policy. BoE Studies Risks and Benefits of Central Bank-Issued Digital Currency The BoE has been researching how a central bank digital currency (CBDC) would work in practice....

    Thomas Delahunty | May 30, 2018 | 9:00 pm

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