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“# Sweden’s central bank completes first phase of digital currency pilot ” After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona. In a recent study, Sweden’s central bank presented the first results of its central bank…
“# Bank of Japan begins first digital currency proof of concept ” The Japanese central bank has launched a proof of concept for its central bank digital currency, or CBDC, according to an official announcement on Monday. Following initial preparations to test the technical feasibility of core CBDC functions and features in early 2021, the…
“# Bank of Thailand to begin central bank digital currency tests in 2022 ” The Bank of Thailand has set its agenda for a retail central bank digital currency with preliminary testing protocols scheduled to begin in Q2 2022. Thailand’s central bank made this known in a press release issued on Friday calling for public…
“# Bitcoin surge could be driving digital yuan interest, says People’s Bank of China ” The cryptocurrency space may be helping to spawn its own competitors after a representative of the People’s Bank of China said Bitcoin’s (BTC) recent surge had caused renewed interest in the nation’s digital yuan project. The digital yuan is China’s…
“# Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention ” Distributed storage network project Filecoin is the talk of the town as FIL was the most highly traded token on Huobi, OKEx and Gate on Thursday. These three exchanges have a predominantly Chinese user base and represent a…
“# Eastern Caribbean Central Bank’s DCash digital currency goes live ” The Eastern Caribbean Central Bank, the main financial institution of the Eastern Caribbean Currency Union, has launched DCash. The ECCB announced the launch of its CBDC for the region via a media event held on Wednesday. DCash is the digital version of the Eastern Caribbean dollar —…
“# Hong Kong and China test cross-border digital yuan, says PBoC official ” China has completed its first cross-border pilots of the digital yuan with Hong Kong. Wang Xin, director of the People’s Bank of China research bureau, said that the Hong Kong Monetary Authority and the PBoC have conducted technical tests on the cross-border…
“# Digital euro could take four years, says ECB president Christine Lagarde ” It could be a while before European Union gets a central bank digital currency, if it gets one at all. In a Wednesday interview with Bloomberg Television, European Central Bank President Christine Lagarde laid out the complex decision-making process with which the bank will…
“# Digital ruble is ‘highest form of money’, Russian Bitcoin critic says ” Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the “highest form of money.” In a Monday interview with state media RT, Aksakov expressed optimism about Russia’s upcoming central bank digital…
“# Bahamas’ Sand Dollar nears commercial rollout as interoperability completed ” The Central Bank of the Bahamas has announced that its central bank digital currency, the Sand Dollar, is expected to achieve full interoperability between its various wallet providers within the week. A recent statement released by the CBoB revealed that authorized financial institutions, or…