The Bank of Israel is sampling the opinion of interest groups in its bid to create a viable national digital currency.

The United Arab Emirates is looking to spearhead the march into a bold new world of central bank digital currencies (CBDCs). In a recently-launched roadmap, UAE’s central bank revealed its ambition to become one of the world’s top ten banks, and it believes a CBDC will play a significant role in its ambitious goal. The […]

Japan’s central bank digital currency plans will reportedly take shape by the end of 2022 as CBDC development across the globe gathers pace. With China leading the charge, other major economies seem to be working towards international collaboration to counter Beijing’s national digital currency ascendency. Japan’s CBDC Still an Experimental Project According to Reuters, theRead More

Recently central banks across the world have been progressing towards the idea of creating central bank digital currencies. Major central banks, including the European Central Bank, the Bank of Japan, and The People’s Bank of China, have expressed interest in them, with the ECB even going as far as to publish a report on the […]

According to the Reuters report, Japan will have more clarity on what a digital yen would look like late next year, a lawmaker overseeing the ruling party’s digital currency plan said. Earlier, the Bank of Japan launched the first phase of its central bank digital currency (CBDC) experiment in April, joining counterparts aiming to ward […]

The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation.

The Palestine Monetary Authority (PMA), is reportedly researching the feasibility of creating a digital currency, which could be a possible strategy that would give Palestine some form of financial independence.  A Digital Currency to Break Free from Israel’s Control? According to Bloomberg on Thursday (June 24, 2021), the PMA Governor Feras Milhem made the revelationRead More

Paraguay may soon become the second nation to accept BTC as legal tender. Is a trend forming?

The Bank for International Settlements, often called the central bank to the world’s central banks, set out recommendations on June 23 as to how a CBDC should be. BIS estimated that around 56 central banks and monetary authorities around the world are now looking at digitizing their currencies as commerce shifts online, as reported by Reuters. […]

A report from Israel-based Globes today stated that the apex bank of Israel plans to internally test its upcoming digital shekel on the Ethereum blockchain.

The post Bank of Israel uses Ethereum blockchain for upcoming ‘digital shekels’ appeared first on CryptoSlate.

China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments through digital yuan. According to the official website of the Xiong’an New Area, the People’s Bank of China (PBoC) has successfully completed the nation’s first on-chain wage payouts in its national digital currency. The new CBDC pilot used a blockchain-based payment platform […]

Read full post China debuts its first blockchain-powered digital yuan transactions in the Xiong’an New Area. on Chaintimes.com.

Tinkoff, a big player in Russia’s online banking sector, is struggling with the country’s staunch rules in their goal of offering crypto to their customers.

The post Russia’s Largest Online Bank Runs Into Problems Offering Crypto appeared first on BeInCrypto.