Digital Currency


OCC ruling signals more innovation for stablecoins, CBDCs

OCC ruling signals further innovation for stablecoins, CBDCs

(ATF) The Office of the Comptroller of the Currency released a letter on January 7 announcing that US banks are now allowed to participate in public decentralized networks and use stablecoins to conduct payment settlements. The letter also added that banks under the jurisdiction of the OCC – which is …

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Yellen damps bitcoin excitement with abuse warning

Yellen damps bitcoin excitement with abuse warning

(ATF) Bitcoin’s day in the sun may be coming to an end.While credit company Mastercard added to the excitement by saying the digicurrency would be added to its network, US Treasury Secretary Janet Yellen dialled down the tone, warniong of an "explosion of risk" from virtual marketsAt the same time …

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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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JD.com to accept digital yuan in Chinese e-commerce first 

JD.com to accept digital yuan in Chinese e-commerce first 

(ATF) Chinese e-commerce company JD.com Inc said it would become the country's first online shopping platform to accept the People's Bank of China's digital currency.Electronics retailer Five Star Electric, JD Home, and JD Convenience Store - all units of JD.com - would support payments through the digital yuan, the online …

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Answers to rampant rumours about the digital yuan

Answers to rampant rumours about the digital yuan

(ATF) Speculation about China’s digital yuan has been rife all year. At present, the digital yuan is being tested in Shenzhen, Suzhou and other places, but to most of the country's 1.4 billion people it is still a mystery.In the China Financial Stability Report (2020) released on November 6, the …

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China gets new bank note. But why?

China gets new bank note. But why?

(ATF) China has released a new five-yuan banknote. But as the central banks rolls out its digital currency, and electronic payment technologies such as Alipay and WePay account for a growing number of transactions, many wonder about the purpose of the new bill.The paper note was unveiled on November 5. …

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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/RMB is securing a seat at the table

The digital yuan/RMB is securing a seat at the table

(ATF) Last week, the People’s Bank of China 'airdropped' via lottery 10 million digital yuan or renminbi (eCNY or eRMB) to 50,000 residents in Luohu district in Shenzhen. Each resident received 200 eCNY (about US$30) into a digital wallet on their phones. This money could be spent at a range …

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Fed's Powell: More important for US to get digital currency right than be first

Fed's Powell: More important for US to get digital currency right than be first

In any development of a cross-border digital currency, it is more important for the United States "to get it right than be first," Federal Reserve Chair Jerome Powell said on Monday."We do think it's more important to get it right than to be first and getting it right means that …

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China digital yuan gift not enough to win over consumers

China digital yuan gift not enough to win over consumers

SHENZHEN/HONG KONG/SHANGHAI - China's experimental $1.5 million giveaway of digital yuan to Shenzhen citizens ended on Sunday with acclaim from currency analysts - and scepticism from some users saying they preferred existing shopping tools like the ubiquitous Alipay app.Under the week-long programme, the People's Bank of China (PBOC) gave 200 …

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