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Japan’s central bank announced that it has set up a new research team to dive deeper into Central Bank Digital Currency (CBDC) experimentation and development. The Bank of Japan (BOJ) is possibly preparing for a CBDC, given the recent rising demand for classless payments and growing interest among other central banks. The New Team to Explore the …

Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development 查看全文 »

Earlier this year, Banque de France, the French central bank launched a program of experiments to test out the potential central bank digital money aimed for interbank settlements. Potential participants have been invited to submit their applications to experiment with the digital euro, and Banque de France announced the 8 successful applicants: Accenture, Euroclear, HSBC, Iznes, …

Bank of France Announces HSBC, Accenture Among the 8 Successful Applicants of the CBDC Experimentation Program 查看全文 »

As the development of the digital yuan project progresses, the number of China’s largest companies testing the national cryptocurrency is rapidly growing. Despite the global economic crisis and the consequences of the coronavirus pandemic, the development of the Chinese national cryptocurrency, the Digital Currency Electronic Payment, is steadily progressing. The increase in the number of …

Digital Yuan CBDC Momentum Grows as More Chinese Firms Get to Testing 查看全文 »

Vachira reportedly cited the CBDC experience of China, claiming that the public rollout of the digital yuan has not affected the financial system in the country so far. As reported, the BOT officially launched a pilot project to test its CBDC payment system in June 2020. Announcing the news, the bank said that before rolling out the system to …

Bank of Thailand Progresses With Digital Baht Tests Before Public Launch 查看全文 »

The Japanese Government has continued its acceleration towards a Central Bank Digital Currency (CBDC) and is set to include its consideration in its formal economic plan. In a report from Nikkei on July 14, Japanese officials will continue to consider and discuss a CBDC in their official Honebuto Plan for Economic and Fiscal Revitalization. The Japanese government …

Japan Will Include Central Bank Digital Currency in Honebuto Economic Plan 查看全文 »

The Beijing government has released its first blockchain application blueprint for government services, claiming 140 applications already use the technology.The Beijing government will release its first blockchain application blueprint on government  services in China today, according to the local news on July 15.   According to the blueprint, 140 government service applications are already on the blockchain. …

Beijing: 140 Government Services Applications Are Using Blockchain 查看全文 »

In a letter to the European Commission in March 2020, payment giant PayPal has now confirmed that has it is actively working to bring cryptocurrencies capabilities on its platform. In the detailed letter, PayPal said that it has taken tangible and unilateral steps to further develop its capabilities in the cryptocurrency space. In June 2020, sources emerged …

PayPal Confirms Its Plan to Develop Cryptocurrency Capabilities in its Letter to the European Commission 查看全文 »

The Bank of England has confirmed it is considering the development of a central bank digital currency (CBDC). The confirmation was made by the governor of the bank Andrew Bailey in a webinar session with college students. He said: “We are looking at the question of, should we create a Bank of England digital currency. We’ll go on looking …

Bank of England is Considering Developing a Central Bank Digital Currency Amid Surge in Crypto Popularity 查看全文 »

The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem. Singapore’s central bank introduced Project Ubin in November 2016, …

MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report 查看全文 »

G20 officials announced on July 11 that they would begin laying the regulatory groundwork for the group to accept digital payments. Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries …

G20 Lays Regulatory Groundwork for Accepting Digital Payments 查看全文 »