News
Bank Indonesia kicks off consultation for its CBDC project
Bank Indonesia has launched the consultation process for its central bank digital currency (CBDC) initiative, Project Garuda. A PoC is expected in July. Read more…
digital currency
News
Australia’s eAUD pilot has become surprisingly popular
A pilot programme for a digital eAUD currency in Australia has attracted much more interest from industry than expected, says Reserve Bank of Australia. Read more…
News
Bank Indonesia reveals its plans for a digital rupiah
Indonesia’s central bank has unveiled plans for a digital rupiah currency that will use blockchain tech, as the country sees a boom in digital transactions. Read more…
Views
Is public opinion on digital cash really worth listening to?
Asking the public for their opinions about crypto and digital cash is like asking people in the days of bulletin boards what they want from social media. Read more…
News
Thailand launching CBDC retail digital currency
Thailand’s central bank is the latest to announce plans to test a retail digital currency, which it expects to launch by late this year to mid-2023. Read more…
News
RBI says private crypto threatens India’s macroeconomic stability
The Reserve Bank of India said private crypto isn’t worth a tulip and will undermine the RBI’s ability to maintain financial stability. Read more…
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Macau plans to use China’s future digital currency could deal a fatal blow
Macau’s plans to use China’s future digital currency will help Beijing curb money laundering, could deal fatal blow to casino operators. Read more…
News
Central banks join forces to play catch up with China’s digital currency
A group of seven major central banks including the US Federal Reserve look to play catch up with China’s digital currency. Read more…
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China’s digital currency not seeking control of individuals’ info
China’s proposed digitized domestic currency is not a bid to gain full control of information belonging to the general public says senior central bank official. Read more…
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China passes cryptography law before digital currency launch
China’s largely rubber stamp parliament has passed a new law on cryptography as the country gears up to launch its own digital currency. Read more…
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China’s central bank nearly ready to issue digital currency
China’s central bank is “almost ready” to issue the country’s own sovereign digital currency, a senior central bank officer said. Read more…
News
ECB shuns digital currency because cash is still king
FRANKFURT (Reuters) – The European Central bank has no plan to issue a digital currency because the underlying technology is still fragile and the use of physical cash still high in the euro zone, the Read more…
News
No cryptocurrencies from Australia or NZ banks anytime soon
WELLINGTON (Reuters) – The central banks of Australia and New Zealand ruled out on Tuesday the notion that they would issue official cryptocurrencies anytime soon, warning the potential damage to their banking systems could outweigh Read more…
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ITU launches work groups to standardize digital fiat currency
The new ITU focus group looking at digital fiat currency has established three working groups to guide its analysis of the standardization and regulation necessary for the security and interoperability of such currencies. The working groups will Read more…
Views
China loves digital currency but can it go truly cashless?
China’s central bank wants to ditch paper money eventually. The big challenge is: who gets to create digital currency as legal tender? The Chinese were first with the great transition from commodity money to paper Read more…
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Hong Kong securities regulator sets its sights on ICOs
HONG KONG (Reuters) – Hong Kong’s Securities and Futures Commission (SFC) warned on Tuesday it may regulate some fundraisings that are done through digital currencies as volumes of the so-called initial coin offerings (ICOs) surge Read more…
News
Six banks join project to create blockchain-based digital cash
ZURICH (Reuters) – Six new banks have joined a UBS-led effort to create a digital cash system that would allow financial markets to make payments and settle transactions quickly via blockchain technology. The group aims Read more…
Off the Wire
openANX launches Ethereum-based exchange and trading platform
Hong Kong-based Open ANX Foundation has launched openANX, a project to build a new decentralized exchange and trading platform using the Ethereum blockchain, and held its first token sale for a cryptocurrency called OAX will Read more…
News
Bank of Thailand rejects government plan to embrace Bitcoin
Deputy Prime Minister Somkid Jatusripitak has ordered the Bank of Thailand and Ministry of Finance to revise laws to make Thailand more amicable to FinTech, implement regulatory sandboxes and especially focus on Bitcoin, which is Read more…
Views
The Bitcoin scaling debate is becoming a battle for control
Everyone in the cryptocurrency space agrees that Bitcoin needs a scaling solution, but Bitcoin has not one but two such solutions, with bitter and often uncivilized fighting between the Chinese miners on the one hand Read more…