CBDC


BOJ begins experimenting with digital yen CBDC 

BOJ begins experimenting with digital yen CBDC 

(ATF) Japan took steps to catch up with China in becoming the first nation to use an official digital currency with the central bank beginning tests Monday on a crypto-yen.The Bank of Japan (BOJ) is studying the feasibility of issuing its own central bank digital currency (CBDC).The first phase of …

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High-end shops in Shanghai trialing digital yuan

High-end shops in Shanghai trialing digital yuan

(ATF) China has begun testing its digital yuan in high-end shopping malls, according to reports amid concern that a full rollout of China’s central bank digital currency (CBDC) will undermine cryptos such as bitcoin.Prestigious shops in downtown Shanghai are using the pilot CBDC, according to China’s Global Times. Shoppers can …

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Investors nervous about India’s new crypto bill but regulations welcome

Investors nervous about India's new crypto bill

(ATF) India’s move to introduce a Cryptocurrency Bill has created a wave of differing emotions among the country's growing number of crypto investors – from fear that the government will ban private cryptocurrencies, confusion on how developments will play out, as well as relief that the sector will finally be …

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India to consider digital currency use

India to consider digital currency use

(ATF) India would like to be a digital economy powerhouse that embraces emerging technologies and uses them to boost economic activity. With that goal in mind, the Reserve Bank of India on Monday said it is exploring the possibility of a digital version of the rupee.The Reserve Bank (RBI) said …

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Many central banks looking at digital currencies

Central banks develop digital currencies 

(ATF) The coronavirus has accelerated the world’s move away from cash. Now central banks are considering developing digital versions of the notes and coins in our wallets. Sweden and mainland China could well launch CBDCs – central bank digital currencies – during 2021.These are not cryptocurrencies or units used in …

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The digital yuan and the power of currencies 

The digital yuan and the power of currencies 

(ATF) With a clear eye on China, the European Central Bank has sounded the alarm that Europe could lose its very sovereignty, not just its economic autonomy, if it fails to develop a digital euro. The warning is a reminder of how much is at stake politically in the global …

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Kuroda says BOJ has no immediate plan to issue digital currency

Kuroda says BOJ has no immediate plan to issue digital currency

TOKYO: Japan has no immediate plan to issue central bank digital currency (CBDC), Bank of Japan Governor Haruhiko Kuroda said on Tuesday as financial leaders from the Group of Seven (G7) advanced economies shared a common view on digital payments."The BOJ has no immediate plan to issue CBDC," Kuroda told …

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