The Fed’s Digital Dollar Is Taking Shape

Progress on a digital USD brings CBDC standards into focus Written by: Simon Chantry, Co-Founder & CIO, Bitt The release of the Federal Reserve’s CBDC paper, and the following release of the Boston Fed and MIT’s joint CBDC research and development project (Project Hamilton), has confirmed that the largest monetary authority in the world is examining the feasibility…

February 18, 20220Comments

ByGuest Post

Turkey to Pilot a Digital Currency in 2021

Turkey is set to pilot a digital currency in the second half of 2021. On Friday, central bank chief Naci Ağbal revealed the plans to Parliament. As reported in the Turkish media, Ağbal said, "There is an R&D project started on digital money. Currently, the conceptual phase of this project is completed. We aim to start pilot…

December 26, 20200Comments

ByCoinEsper

News

South Korea May Soon Develop Its Own Digital Currency

Recent reports indicate that South Korea is actively considering the idea of releasing its very own digital currency, thus joining several other countries in this endeavor. As such, the Asian country is currently in the progress of setting up a task force, in charge of carrying out a thorough research of the opportunities and disadvantages…

January 10, 20200Comments

ByDaniel Dob

News

European Central Bank Considers the Development of a CBDC

Over the last couple of years, governments and central banks throughout the world have been actively researching the opportunities and potential drawbacks of releasing central bank-based digital currencies. So far, China, Uruguay and Sweden are getting close to the official release of their CBDCs. Recent developments in the global payments market have encouraged other central…

December 3, 20190Comments

ByDaniel Dob

Altcoins News

Germany is Considering the Advantages of Launching a Digital Euro

Over the last couple of years, numerous countries worldwide have issued statements concerning their plans for developing central bank-backed digital currencies (CBDCs). CBDCs are basically the direct response of governments to cryptocurrencies as we know them. After all, if the digital currency market is here to stay, countries want to preserve their national fiat currencies…

October 17, 20190Comments

ByDaniel Dob

News Technology

Belfast Announces Incentive-Based Digital Currency for Civic Duties

Over the last couple of months, governments and central banks throughout the world have issued their own response to the digital currency revolution – central bank digital currencies, known as CBDCs. While most of these projects are work-in-progress, they do showcase how digital currencies will actively shape our lives in the future. According to…

June 3, 20190Comments

ByDaniel Dob

News Technology

Pakistan Adopts Crypto Regulations, Plans Launch of Cryptocurrency by 2025

So far, Pakistan’s stance towards digital currencies has been quite harsh, granted that the country’s national bank and government often warned businesses, individuals, fintech firms, and banks to abstain from processing crypto-based payments, and offering digital currency-related services. Pakistan adopts new crypto regulation, following FATF recommendations However, things are slowly changing. Since digital currencies can…

April 12, 20190Comments

ByDaniel Dob

News

Governments Taking Very Different Approaches To Issuing State-Backed Crypto

Cryptocurrency’s potential to undermine state-backed fiats is one of the most debated subjects among blockchain advocates. Although it is too early to have a clear answer to this issue, governments are deeply concerned. A proposed solution to the growing threat of cryptocurrency is for states to issue official alternatives. Supporters assert that these central bank…

February 8, 20190Comments

ByTrevor Smith