• Market Cap: $291b

  • Jul 21, 2019

Central Bank of Russia released Policy Brief on Benefits and Drawbacks of CBDCs

Central Bank of Russia published potential Benefits and Drawbacks of CBDCs through a Policy Brief

Japanese ‘Megabanks’ Shut Down P2P Blockchain Money Remittance Pilot Program

A 3-member consortium of Japanese banks has decided not to proceed with the development of a blockchain-powered P2P money transfer services project.

India Says No to State-Backed Digital Currency

All plans regarding issuing of a state-backed central bank digital currency in India have been shelved, reports indicate.

No Plans to Issue a Central Bank Digital Currency: European Central Bank

The technologies which could potentially be used to issue a central bank digital currency, such as distributed ledgers, have not yet been thoroughly tested and require substantial further development before they could be used in a...

People’s Bank of China Launches New Research Center for Crypto Research

Reports from China indicate that a new digital currency research center has now been set up in Nanjing, the capital of the Jiangsu province in Eastern China. 

Reserve Bank of India Aware of P2P Exchanges, Planning Central Bank Digital Currency

The RBI, in their annual report, said that they are aware of the P2P exchanges in India. RBI also talks of Central Bank-issued Digital Currencies (CBDCs).

Bank of Korea Against Issuing a Digital Currency

South Korea's Central Bank releases a report on digital currency and highlights its opposition toward Central bank based Digital Currency

Ex-FDIC Chair Advises Fed to Consider Digital Currency

It would be as stable as traditional fiat currency while reducing the risk of financial crises and improving monetary policy tools.

Bank of England Open to the Possibility of a Bank Regulated Cryptocurrency

The Bank of England has had a flip-flopping stance when it comes to cryptocurrencies. However, it appears that they are now open about the possibility of CBDCs.