Mastercard has launched a digital currency testing platform aimed at helping central banks test their digital currencies. The system will also demonstrate how consumers can use central bank digital currencies to pay for goods and services wherever Mastercard is accepted worldwide. Mastercard’s Digital Currency Testing Platform Global payments company Mastercard […]
Currency
Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. […]
A major German digital security firm that is a significant player in the electronic payments sector on Tuesday (Sept. 15) has backed a call by the head of the European Central Bank (ECB) for quick exploration into creating an official European Union digital currency. Giesecke+Devrient Chairman and Group CEO Ralf […]
As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The news […]
The tech and payments-focused subsidiary of Chinese e-commerce company JD.com has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China. Local media reported on Sept. 21 that JD Digital Technology and the Digital Currency Research Institute will promote the development of mobile applications […]
One of the leading blockchain companies, Digital Currency Group, or DCG, has recently acquired the British based crypto exchange, Luno. DCG had initially bought a stake in Luno by investing in the exchange’s seed round in 2014. Since then, the exchange has spread its roots across 40 countries and currently […]
The Federal Reserve Bank of Boston has entered into a partnership with the Massachusetts Institute of Technology to better understand the concept of digital currencies. The bank will work with MIT researchers on a multiyear project to develop and test the use cases of a “hypothetical” central bank digital currency […]
China will dramatically expand its pilot program for digital currency to include all major large cities, the country’s Commerce Ministry said Friday. To date, the central-bank-led trial program has been under way in four cities and in places related to the 2022 Beijing Winter Olympics. With Friday’s announcement, the pioneering […]
DBS describes the growth of digital currency as both fascinating and daunting in a new research paper, ‘Digital Currencies: Public and Private, Present and Future’. The Singaporean bank has produced the paper to appraise the latest developments in public and private digital currencies, with a view to publishing quarterly updates […]
WASHINGTON (AP) — The Justice Department said Thursday that it has seized millions of dollars from cryptocurrency accounts that militant groups, including al-Qaida and the Islamic State, relied on to finance their organizations and violent plots. Law enforcement officials said the groups used the accounts to solicit donations, including […]
WASHINGTON (AP) — The Justice Department said Thursday it has seized millions of dollars from cryptocurrency accounts that militant organization abroad, including al-Qaida and the Islamic State group, relied on to raise money for violent operations. The Trump administration said the groups used the accounts to solicit donations for their […]
Mastercard Inc. MA has provided Wirex, a borderless payments platform, with the membership of its Mastercard’s Accelerate program. With Mastercard principal membership, Wirex will be able to issue Mastercard-backed bitcoin debit cards to consumers, which can be spent worldwide wherever Mastercard is accepted. Since crypto currencies — often viewed as […]
Central bank digital currency (CBDC)—fiat currency issued by central banks in digital form—has progressed in the past few years from a bold speculative concept to a seeming inevitability. More than 80 percent of central bank respondents to a Bank for International Settlements survey in 2019 reported engagement in CBDC projects. […]
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Last week, the digital currency global initiative (DGCI) was launched. DCGI’s first virtual conference took place on Wednesday and Thursday. The DCGI is a collaboration between ITU -SB (International Telecommunication Union – Standards Body) and Stanford University’s Future of Digital Currency Program. The formation of DCGI is a result of […]
Books on this topic China Information/SourcesChina Finance / Banking What people outside China say? What is the average financial intelligence of Chinese people? (link to […]
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