Search Results for: Testing

China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

China has been developing its central bank digital currency (CBDC) for some time, recently testing its digital currency electronic payment (DCEP) on retail small-scale transactions.  Recently, a Chinese senior central bank official said China should maintain a “normal” monetary policy as the country has been reportedly recovering from the coronavirus pandemic smoothly. Head of monetary … Continue reading China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward

The Central Bank of Brazil is planning the potential issuance of a Central Bank Digital Currency (CBDC) carefully by setting up a research team dedicated to evaluating the benefits of launching a digital format of ‘Brazil real’ currency.   Brazil looks into CBDC issuance and its benefits The objective of the research and development team for the Central Bank of Brazil is … Continue reading Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward

Mastercard Launches Virtual Platform to Help Governments Test CBDCs

Payments giant Mastercard has unveiled a virtual platform that will enable central banks to assess and experiment with Central Bank Digital Currencies (CBDCs). Per the announcement, the Mastercard virtual testing platform is an innovative virtual and custom testing platform that will allow central banks to evaluate use cases and test roll-out strategies for CBDCs by … Continue reading Mastercard Launches Virtual Platform to Help Governments Test CBDCs

European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption

COVID-19 has led to an acceleration in digital payments adoption and technological innovation, as seen by the spending pattern of European citizens. During an online conference with the Deutsche Bundesbank, European Central Bank (ECB) President Christine Lagarde discussed current banking and digital contactless payments. Digital era is here to stay According to ECB President Lagarde, … Continue reading European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption

Bank of Thailand Completes Digital Bond Issuance With Blockchain

Thailand’s Central Bank, the Bank of Thailand has leveraged the power of blockchain technology to launch a platform for government bond savings issuance. Per an official press release, the Bank of Thailand noted that the blockchain-based platform will help to improve investor’s buying experience, improve operational efficiency, and reduce the overall cost of operations. The … Continue reading Bank of Thailand Completes Digital Bond Issuance With Blockchain

Tezos Blockchain Chosen for French Digital Euro by Societe Generale-Forge

Societe Generale-Forge, a tech startup by French investment bank Societe Generale, has selected the Tezos blockchain for its central bank digital currency (CBDC) experiment as part of the French central bank’s digital euro experiment.  Societe Generale-Forge recently announced its plans to use Tezos for its digital euro stablecoin, in collaboration with Nomadic Labs, a major … Continue reading Tezos Blockchain Chosen for French Digital Euro by Societe Generale-Forge

The Reserve Bank of Australia Refuses to Join the CBDC Bandwagon

The Reserve Bank of Australia (RBA) has refused to join the bandwagon with respect to the development and issuance of a Central Bank Digital Currency (CBDC). Following a previously reported update from the meeting of the Reserve Bank, the apex bank’s position was confirmed in a publication released on Sept.17 in which the RBA noted … Continue reading The Reserve Bank of Australia Refuses to Join the CBDC Bandwagon

Cardano Scoop: ADA/BTC Flirts with Support as Selling Pressure Increases

On Monday, during trading opening hours, Cardano’s price opened at 818 satoshis, trading later at -3.67% at 789 satoshis. Around 29.45 million of the volume was generated during the trading session. Cardano traded between the daily range of 824-788 satoshis. Source: Tradingview  Moving averages indicated a strong sell on Cardano. Technicals indicated that the bullish … Continue reading Cardano Scoop: ADA/BTC Flirts with Support as Selling Pressure Increases

Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

Chinese e-commerce giant JD.com has recently partnered with the People’s Bank of China Digital Currency Research Institute to build mobile apps and wallets to support China’s central bank digital currency (CBDC).  For China’s CBDC, digital currency electronic payment (DCEP), the two parties have reached a strategic agreement to develop mobile and blockchain technology-based platforms. JD.com … Continue reading Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals

According to a senior official at the Ministry of Public Security, funds worth more than 1 trillion yuan ($145.5 billion) flow out of China into gambling activities each year. Liao Jinrong, the director-general of the International Cooperation Department under the Ministry of Public Security, said that gangs operating illegal gambling activities used cryptocurrencies to collect … Continue reading Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals

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