News

China has been making rapid progress on the front of creating its own central bank digital currency (CBDC), staying ahead of its competitors in its development. As the creation of a nationwide digital currency has a widespread impact on a country’s economy which has for many years relied on fiat currency and physical cash, China is taking its CBDC development plans seriously as it has filed 84 patents under its digital currency electronic payments (DCEP) system, according to the Financial Times.

The Central Bank of the Bahamas plans to adopt the Bahamian digital dollar pilot in the second half of 2020.

On 11 Feb. U.S. Representative, Bill Foster inquired Jerome H. Powell, the Chair of the Federal Reserve, on the matter of US’s central bank digital currency (CBDC) and to prepare for the Digital Yuan during a financial policy meeting.

U.S. think tank the Heritage Foundation argues that the authorities should ensure consumers can use the preferred currency, instead of launching a digital one.

Blockchain.News interviewed Arslanian at the Asian Financial Forum held in Hong Kong earlier this month, where he was invited to speak on the development of FinTech.

Kozo Yamamoto, State Minister in charge of vitalizing local economies, remarked that Digital Yen should be implemented with 2-3 years, urging Japan’s government to accelerate the development. He also cited that the CBDC’s plan of creating digital currency should be included in the government’s mid-year key policy guidelines.

Chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, is on Capital Hill today testifying in front of the House Financial Services Committee. During the Q&A portion of the Hearing, Powell was asked specifically about Central Bank Digital Currencies (CBDCs) and

Central bank digital currencies would positively impact non-central bank crypto like Bitcoin, Grayscale Investment CEO Barry Silbert believes.

Japanese Lawmaker, Kozo Yamamoto has called for the expedited development of Japan’s digital yen as the race to be the first nation with an operating central bank digital currency (CBDC) heats up

Japanese lawmaker Kozo Yamamoto said today that the government should include the digital yen plan in its mid-year policy.

Fed Governor Lael Brainard delivered a speech in California this past week discussing the 'Digitalization of Payments and Currency.' Brainard has been at the forefront in discussing Fintech innovation providing unique perspective from her perch at the Federal Reserve. She said that BigTechs and Fintechs

Japan is feeling the pressure of China’s moves forward with a digital yuan, with lawmakers calling for the G7 to put CBDCs on its 2020 agenda.

Major banks are to gather at the IMF Conference to discuss the development of Central Bank Digital Currency, or CBDC. With the challenges of international settlement and cybersecurity in mind, governors of central banks are gathering to discuss joint research on CBDCs, according to a credible source reported by the Japan Times on February 6th.

Jochen Biedermann is also the Founder and CEO of Blockchain Asia which was established in 2016. In this second installment, we discuss Blockchain’s applications throughout Asia, clashes in culture