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Recap on 2019: What Does the World Think of Central Bank Digital Currencies?

The European Central Bank Report on CBDCs The European Central Bank has recently developed an “anonymity voucher” to safeguard potential central bank digital currency (CBDC) users’ privacy for low-value retail transactions while ensuring that high-value transfers are subject to anti-money laundering (AML) approvals. The new concept provided by the ECB aims to solve the issue of anonymity in digital … Continue reading Recap on 2019: What Does the World Think of Central Bank Digital Currencies?

Central Banks Race to Adopt Fiat-Backed Cryptocurrencies

Central banks are scrambling to react to the rise of cryptocurrencies. The new form of money appears to test the powers of central banks. In an interview with media house personalities, Jalak Jobanputra – the Managing Partner at Future Perfect Ventures – discussed the significant shifts taking place in the banking sector. Central banks have gained greater interest to adopt fiat-backed … Continue reading Central Banks Race to Adopt Fiat-Backed Cryptocurrencies

Perianne Boring: Blockchain Will Be the Foundation of the New Financial System

Perianne Boring is the Founder and President of the Chamber of Digital Commerce—the world’s first and largest blockchain trade association. Boring began her career as a legislative analyst in the U.S. House of Representatives, advising on finance, economics, tax, and healthcare policy. Prior to forming the Chamber, Boring was a television host and anchor of … Continue reading Perianne Boring: Blockchain Will Be the Foundation of the New Financial System

Hong Kong’s Central Bank and Bank of Thailand Announce Results of Blockchain-Based CBDC Study

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand published the results in a research report of the Project Inthanon-LionRock, by the two central banks on the application of distributed ledger technology and central bank digital currencies (CBDCs) on cross-border payments. In May 2019, the two authorities signed a Memorandum of Understanding (MoU) … Continue reading Hong Kong’s Central Bank and Bank of Thailand Announce Results of Blockchain-Based CBDC Study

Seven Key Takeaways You Need to Know About Central Bank Digital Currencies

As of late, there has been a global buzz around Central Bank Digital Currencies (CBDCs). After Facebook’s announcement of its proposed Libra currency, it was learned that China’s Central Bank would be releasing their version, which has been under development behind closed doors since 2014. Other central banks in Europe and North America have also been … Continue reading Seven Key Takeaways You Need to Know About Central Bank Digital Currencies

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

The coronavirus is causing mass disruption throughout Asia and has now been declared a ‘global health emergency’ by the World Health Organisation. The Chinese government has taken drastic isolation measures, and over 40 million people are effectively on lockdown. One of the leading manufacturers of crypto mining hardware, MicroBT recently notified customers via WeChat that their shipments would be delayed at … Continue reading Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

Blockchain Increasingly Leveraged by China to Combat Coronavirus Outbreak

Amid the coronavirus epidemic that has been ravaging China, there have been concerns raised about how this would affect the growth of technology within the region. The country has since turned to the use of blockchain technology to keep track of the supply of virus prevention materials, manage medical data, and in getting public opinion. … Continue reading Blockchain Increasingly Leveraged by China to Combat Coronavirus Outbreak

Coronavirus Tracking and Surveillance May Have Consequences for the Protection of Personal Data Privacy

The World Health Organization (WHO) has recently stated that the coronavirus pandemic is “accelerating,” as 20% of the world’s population goes into lockdown in an attempt to curb the spread of the virus. People are told to stay at home as the world is entering a critical week, with over 381,761 cases confirmed around the … Continue reading Coronavirus Tracking and Surveillance May Have Consequences for the Protection of Personal Data Privacy

The Issuance of China's CBDC On The Horizon, According to Insiders

The issuance of central bank digital currencies (CBDCs) has been gaining traction as various nations have shown interest. The People’s Bank of China (PBoC), China’s central bank, has finished the development of a CBDC’s basic function and relevant laws are being drafted to set the ball rolling for its circulation. China seeks to be at … Continue reading The Issuance of China's CBDC On The Horizon, According to Insiders

The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President

The Chief Executive and President of UnionBank of the Philippines, Edwin Bautista, has predicted that the coronavirus pandemic will drive banks to fast track the shift toward digital currencies, therefore abandoning the use of physical money. Bautista said that the outbreak has caused rising demand for online banking services, thus pushing banks to rethink and … Continue reading The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President