Central Bank of Singapore, Cambodia explore CBDC option
According to a panel discussion at the China Conference on Thursday, the central banks of Singapore and Cambodia are considering central bank digital currencies (CBDCs) as options for e-commerce and digital payments. Representatives from Singapore and Cambodia’s central banks have expressed interest in central bank digital currencies at a panel discussion at the China Conference: […]
Crypto Regulation Undergoes Assessment In The United Kingdom Amid New Reports
A collection of interconnected publications reminds financial institutions of their obligations and examines the situation of crypto regulation in the United Kingdom. Crypto regulation is being evaluated by the Bank of England Financial Policy Committee and other UK regulations after publishing papers on financial stability about crypto assets and decentralized finance. On Thursday, the Bank […]
Qatar is reportedly looking to explore digital bank currencies
According to reports, the Qatar Central Bank (QCB) is looking into introducing a digital currency and also issuing digital bank licenses. The bank is expected to set a direction for the upcoming project soon. According to Alanood Abdullah Al Muftah, the chairman of the QCB’s fintech branch, the central bank will shortly determine a path […]
United States Should Avoid Competition With China’s CBDC Surveillance Tools To Prevent A ‘Totalitarian Nightmare’—Jake Chervinsky
“We will not compete with China, which is an authoritarian dictatorship, by acting like an authoritarian dictatorship,” Jake Chervinsky stated. In its future introduction of a central bank digital currency, or CBDC, the United States should be careful to prevent a “totalitarian nightmare,” according to Jake Chervinsky, head of policy at crypto advocacy group the […]
Bank of Jamaica Receives Backlash From Crypto Twitter Over Name of Its New CBDC
Jamaica stated its ambitions to develop a CBDC in 2020 as an alternative to cryptocurrencies, making it one of the Caribbean governments to do so. Bank of Jamaica’s CBDC Logo Announcement After a design competition, the Bank of Jamaica revealed the name of its planned Central Bank Digital Currency (CBDC), only to face outrage from […]