Bank of Korea selects Kakao’s blockchain arm for digital won tests
The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots.
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Digital Currency
ECB is looking to design a digital euro more energy-efficient than Bitcoin
The European Central Bank, or ECB, joins the growing club of crypto-friendly financial institutions as it announces the decision “to launch a project to prepare for possibly issuing a digital euro.
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South Korean internet giants bid for central bank digital currency pilot
Affiliates of South Korean internet giants Naver and Kakao are among the top contenders to work on the country’s first central bank digital currency (CBDC) pilots.
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Pandemic has accelerated the rollout of CBDCs by 5 years, says blockchain firm
Research from European blockchain company Guardtime suggests that the current pandemic may have accelerated the launch of a major central bank digital currency by up to five years.
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France and Singapore pilot cross-border CBDC transactions
Financial authorities in France and Singapore are actively exploring the cross-border applications of central bank digital currencies (CBDCs).
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China’s central bank worried about stablecoins’ risk to financial systems
The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official.
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Bank of Jamaica to begin digital currency pilot in August
Jamaica’s central bank will reportedly commence the initial roll-out of its central bank digital currency (CBDC) project in August.
According to a report by the Jamaica Observer on Wednesday, Bank of Jamaica (BOJ) Governor Richard Byles made this known during a Rotary Club event earlier in July.
Japan’s finance industry awaits clearer picture of digital yen in 2022
Japan will have more clarity on the design of its central bank digital currency no earlier than late 2022, according to a ruling party official.
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UK chancellor names CBDC on list of financial reforms for Treasury
Rishi Sunak, chancellor of the Exchequer for the United Kingdom, has included cryptocurrencies and stablecoins on the list of financial reforms the government plans to undertake in the next few years.
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Beijing subway now accepts digital yuan
China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services.
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