News

Here’s what crypto and blockchain experts think about the dichotomy between centralization and decentralization.

Hotels of the HUAZHU Group in Shanghai Will Now Accept Digital RMB Payments From May 21st, all hotels of HUAZHU Group in Shanghai will be able to accept digital RMB payment. According to HUAZHU, digital RMB will be accepted when guests check in at the

Caitlin Long has stated she is optimistic about the crypto regulations that are taking shape in the United States as the focus is on taxation and compliance.

The US Federal Reserve will issue a discussion paper about CBDC this summer.

Irrespective of US CBDC, Fed will help develop international standards, says chairman

Former Russian Prime Minister and President Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs.

"Irrespective of the conclusion we ultimately reach, we expect to play a leading role in developing international standards for CBDCs," said the Fed chair.

American financial regulators are considering establishing an “interagency policy sprint team” to address fragmented cryptocurrency regulations.

The ongoing digital revolution may lead to fundamental changes to the traditional model of monetary exchange. Digital currencies facilitate instantaneous peer-to-peer transfers in a way that was previously impossible. New currencies that transcend national borders could redefine how payments and user data interact. They could affect the nature of currency competition, the architecture of the international monetary system and the role of government-issued money.

In a recent speech delivered by the Deputy Governor, Financial Stability, of the Bank of England, Sir Jon Cunliffe, the public official appeared to commit to the UK creating a central bank digital currency (CBDC). The Bank of England, like many other central banks, is

While CBDCs could help central banks address the decline in cash payments, some risk factors remain.

Police in Changsha Receive Salaries in the Form of Digital RMB At present, digital RMB pilots have been conducted in various applications across China. On May 8th, employers at the Kaifu branch of Changsha Municipal Public Security Bureau received their salaries in the form of

The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention.

The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC.

Central banks plans to scale up system to handle CBDC transactions