Tag: CBDC

Ukraine is a country of the most amazing possibilities, including three blockchain versions of the national currency being created at once. It’s time for an absolutely amazing story of how, as it turns out, not in every country national banks control local currency. On December 14, we learned that Tascombank – one of the oldest…

Bank of America analysts said in a report that a central bank digital currency (CBDC) would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank. Analysts suggest that the United States is moving toward creating its own CBDC. According to a Bloomberg report, Bank…

The Central Bank of Bahrain (CBB) has successfully completed a digital payments test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial run included testing the widely anticipated JPM Coin, a digital currency backed by the American investment bank JPMorgan. Bahrain’s central bank revealed it is committed to improving the customer experience for…

One of Ukraine’s oldest commercial banks, Tascombank, is launching a Stellar-based pilot for an electronic hryvnia, a digital version of Ukraine’s national fiat currency. The pilot, supported by Ukraine’s Ministry of Digital Transformation, will test an electronic hryvnia in handling payroll for public employees along with peer-to-peer and merchant payments. In a statement published Tuesday,…

The industry that once focused solely on Bitcoin is rapidly evolving. Developers are striving to find decentralized blockchain products that are both scalable and secure, writes Merav Ozair, Ph.D., a leading Blockchain Expert and a FinTech professor at New Jersey’s Rutgers Business School. When Bitcoin was introduced by the Satoshi white paper in 2008, it…

Those looking forward to the emergence of central bank digital currencies in developed countries may be up for a very nasty surprise. The long-awaited CBDCs are likely to become one of the worst tools of mass surveillance. China is not joking around: the digital yuan, issued exclusively by the People’s Bank of China, is meant…