Government Cryptocurrency

The central bank of Japan to begin experimenting with a CBDC.

The central bank of Japan has announced that it will begin experimenting with a central bank digital currency (CBDC) to check its feasibility from a technical perspective. The central bank expressed its interest in creating a digital version of...

The Bank of Canada says a CBDC should focus on accessibility and inclusion.

The Bank of Canada recently published a report saying it is aiming to develop a central bank digital currency that could mimic banknotes on the blockchain, providing the same availability and accessibility people have come to expect from physical cash. According...

The BIS report says the COVID-19 pandemic has exemplified the need for central banks to create CBDCs.

According to the latest report by the Bank of International Settlements, the international body doubled-down on its narrative that the ongoing pandemic has exemplified the need for central banks to accelerate the development of central bank digital currencies (CBDCs).BIS...

The Bank for International Settlements report shows a growing positive sentiment towards CBDCs.

The Bank for International Settlements released a special chapter from that annual report on digital payments, concerning central bank digital currencies. The report released by the leading global central bank institution encourages central banks to treat CBDCs as their future, saying:...

Venmo and PayPal are reportedly planning to let users buy crypto on their platforms.

It is being reported that global payment platforms PayPal and Venmo are planning to enable direct cryptocurrency purchases for their millions of users. According to the CoinDesk report, plans are in the works to offer crypto buying and selling...

The former PBoC official reveals Digital Yuan’s backend architecture is complete.

The former vice-chair of the People's Bank of China's Na­tional Coun­cil for So­cial Se­cu­rity Fund, Wang Zhong­min, revealed that China has completed the backend architecture development of its central bank-back digital currency. The former senior PBoC official Wang announced...

The Bank of Thailand will begin testing prototype digital currency in July.

The Bank of Thailand revealed that it is working on its central bank-backed digital currency. The central bank, which also regulates financial markets in Thailand, is reported to be working with commercial banks in developing a distributed ledger system, which would...

The Italian Banking Association wants to trial CBDC backed by ECB.

The Italian Banking Association, which is made up of over 700 Italian banking institutions, wants to help speed up the implementation of a digital currency backed by the European Central Bank (ECB) by participating in related projects and experiments....

The Bank of Thailand plans to develop a payment system for businesses using CBDC.

According to the Reuters report, the Bank of Thailand unveiled on Thursday plans to build a prototype of a payment system for businesses using central bank digital currency, or traditional money but in the digital form being developed by...

The Bank of Canada is looking for a project manager for its CBDC.

The Bank of Canada has shed light on its central bank digital currency plans in a recent job posting. According to the job posting, the central bank is seeking a project manager for its CBDC project. The Bank of...

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Social media giants block Hong Kong authorities from accessing user data

Facebook, Google, and Twitter revealed that they would be blocking Hong Kong's authorities from accessing user data after sweeping...