Chinese city Shenzhen launch $3 million digital yuan test
Digital Yuan Testing Following the overwhelming success of China’s lottery pilot in the city of Shenzhen in October 2020, residents have been gifted...
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Digital yuan pilot trial in Suzhou records 20,000 transactions
Digital Yuan Trial In a real-world pilot trial of the digital yuan, residents of Chinese city Suzhou recorded close to 20,000 transactions within...
G7 discuss regulatory needs for cryptocurrencies
Vocal News · G7 Discuss Regulatory Needs For Cryptocurrencies G7 Discuss Crypto U.S. Treasury Secretary Steven T. Mnuchin hosted an online event with...
Bank of Russia poised to ban private Ruble-pegged stable coins
Bank of Russia As reported by local news outlet Prime, the Bank of Russia have openly expressed their opposition to a ruble-pegged private...
European Central Bank experts predict 5 year wait for digital euro
Central Bank Experts Discuss Digital Expert attendees from international central banks joined the “Upgrading Money to the Digital Age: Introducing Digital Euro,” online...
Saudi Arabia & UAE project ‘Aber’ reports successes in cross-border payments
Report Findings Over the last year, the Saudi Central Bank (SAMA) and the Central Bank of United Arab Emirates (CBUAE) have partnered in...
30 Japanese Companies Team Up to Test Digital Yen
Project Yen A consortium of 30 formidable Japanese companies from sectors including banking, telecommunications and retail have announced a collaborative effort to begin...
All Iranian miners must sell their BTC to the Central Bank
Bitcoin Mining in Iran Mining in Iran has been growing at a very accelerated pace. The government has been issuing more mining licenses...
China’s Digital Currency: Consumers spent 8.8 million Yuan during week long test
China’s DC/EP The competition between nations at who will have the first functional Central Bank-issued Digital Currency (CBDC) continues. China had previously stated...
The Federal Reserve is evaluating the benefits of issuing a digital currency
CBDC One of the most prominent topics this year has been Central Bank-issued Digital Currencies (CBDCs). These would represent the digital version of...