Burkhard Balz, a German politician and executive board member of the country’s central bank, said in a speech on Oct. 20 that it was crucial to build tools to restrict how the digital euro is…
Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand,…
Line, a Tokyo-based subsidiary of the South Korean internet search engine company Naver, is building a platform for developing central bank digital currencies, South Korean news agency the Chosun Ilbo reported on Oct. 19. Sources…
The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed…
According to David Birch, fintech guru and author of “The Currency Cold War”, if the U.S. doesn’t ramp up its efforts in the digital currency race, the global dominance of the dollar might soon be…
The vast majority of China’s $1.5 million digital yuan lottery winners have received and spent their “red packets” of digital yuan. As of Oct. 18, a total of 47,573 out of 50,000 lottery winners in…
A number of financial institutions in Russia have expressed interest in testing the country’s central bank digital currency, or CBDC. According to an Oct. 16 report by local news agency Izvestia, at least five Russian…
American fast-food giants like Starbucks and McDonald’s are reportedly not participating in China’s ongoing digital yuan tests. According to an Oct. 14 report by news agency Sina Finance, China’s central bank digital currency, or CBDC,…
Russian financial authorities have confirmed the government’s purported plans to issue the central bank digital currency, or CBDC. On Oct. 13, the Bank of Russia released a consultation paper on the development of the digital…
Japan needs to adapt its laws to issue a central bank digital currency, according to a local financial official. Kozo Yamamoto, head of the Liberal Democratic Party’s council on financial affairs and a former official…