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Amid Inflation Crisis, Turkey Plans to Issue Its CBDC Digital Lira In Two Years

Bhushan Akolkar April 8, 2021

Amid highly rising inflation and with the Turkish Lira losing value against the USD, the country is now looking for a digital alternative to its national currency. Drawing a leaf from China’s CBDC move, Turkey is all set to launch its Digital Lira in the next two years. On Wednesday, local news agency Sabah published

Amid highly rising inflation and with the Turkish Lira losing value against the USD, the country is now looking for a digital alternative to its national currency. Drawing a leaf from China’s CBDC move, Turkey is all set to launch its Digital Lira in the next two years. On Wednesday, local news agency Sabah published

Bitcoin News
Bitcoin News

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

Prashant Jha April 2, 2021

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

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News

Japan’s Central Bank to Start CBDC Feasibility Tests Next Month Onwards

Bhushan Akolkar March 27, 2021

As the CBDC developments catch pace worldwide, the Bank of Japan is making its own moves. On Friday, March 26, the Japanese central bank said that it will start the feasibility study and test of its own CBDC – Digital Yen – starting next month. The announcement comes just a day after the People’s Bank

As the CBDC developments catch pace worldwide, the Bank of Japan is making its own moves. On Friday, March 26, the Japanese central bank said that it will start the feasibility study and test of its own CBDC – Digital Yen – starting next month. The announcement comes just a day after the People’s Bank

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“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

Prashant Jha December 14, 2020

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance

China-Digital-Yuan
Altcoin News
China-Digital-Yuan
Altcoin News

China’s Digital Yuan Could Outperform Libra, PayPal and Thrash Bitcoin’s Speed

Dalmas Ngetich December 9, 2019

It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior

It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior

china
Regulation News
china
Regulation News

Former PBOC Governor Reveals Facts About Digital Yuan’s Development

Supriya Saxena November 26, 2019

Zhou Xiaochuan, President of the Chinese Finance Association and former governor of People’s Bank of China in a recent forum has said that China will continue to build its digital currency for payment and retail purposes.  Fiat Currency Is a Symbol of National Sovereignty The statement was made in the Caixin Hengqin Forum today. He

Zhou Xiaochuan, President of the Chinese Finance Association and former governor of People’s Bank of China in a recent forum has said that China will continue to build its digital currency for payment and retail purposes.  Fiat Currency Is a Symbol of National Sovereignty The statement was made in the Caixin Hengqin Forum today. He

china ban crypto
Regulation News
china ban crypto
Regulation News

Breaking: Investors Should Not Mix Blockchain With Virtual Currencies- People’s Bank Of China

Supriya Saxena November 22, 2019

A recent regulatory update by People Bank of China’s(PBOC) Shanghai Head office has affirmed that the bank will continue to strengthen regulation and control and clamp down crypto trading. No Virtual Currency Business To Exist In China The Shanghai Financial Stability Joint Conference Office and the Shanghai Headquarters of the People’s Bank of China going

A recent regulatory update by People Bank of China’s(PBOC) Shanghai Head office has affirmed that the bank will continue to strengthen regulation and control and clamp down crypto trading. No Virtual Currency Business To Exist In China The Shanghai Financial Stability Joint Conference Office and the Shanghai Headquarters of the People’s Bank of China going

Altcoin News
Altcoin News

Central Bank Currencies Are About to Come; Will Do More Harm Than Good – Dutch Bank ING

Dare Shonubi October 14, 2019

According to an article published by Think, the Chief economist  of popular Dutch bank ING, Mark Cliffe, as well as the lead economist for digital finance Teunis Brosens, has said that central bank’s digital currencies are inevitable and may become a reality within the next 5 years.  A Full-Fledged Central Bank Digital Currency In View According

According to an article published by Think, the Chief economist  of popular Dutch bank ING, Mark Cliffe, as well as the lead economist for digital finance Teunis Brosens, has said that central bank’s digital currencies are inevitable and may become a reality within the next 5 years.  A Full-Fledged Central Bank Digital Currency In View According

US china trade war bitcoin
Editors' Picks
US china trade war bitcoin
Editors' Picks

Is China’s Central Bank Pushing the Demand for Bitcoin in the Country?

Vinnie Singh August 21, 2019

The narrative about the Chinese buying up Bitcoin is flowing two ways – some reports say that the Chinese are turning to the cryptocurrency because of the FUD created by the US-China trade war, while others indicate that the Chinese are not buying up crypto. An article by Nikkei Asian Review highlights that China’s central

The narrative about the Chinese buying up Bitcoin is flowing two ways – some reports say that the Chinese are turning to the cryptocurrency because of the FUD created by the US-China trade war, while others indicate that the Chinese are not buying up crypto. An article by Nikkei Asian Review highlights that China’s central

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Blockchain News
Image: Xiaochuan Zhou
Blockchain News

Former PBoC Governor Criticizes Libra, Outlines Libra’s Shortcomings

Dare Shonubi July 10, 2019

According to a trend of tweets made by CnLedger on Wednesday morning, former People’s Bank of China‘s governor, Xiaochuan Zhou has made a comment about the highly controversial Facebook’s proposed cryptocurrency, Libra. According to Zhou through CnLedger’s Wednesday tweet, Facebook’s Libra may pose difficulties on global monetary policies and disrupt the existing financial system. Cryptocurrency

According to a trend of tweets made by CnLedger on Wednesday morning, former People’s Bank of China‘s governor, Xiaochuan Zhou has made a comment about the highly controversial Facebook’s proposed cryptocurrency, Libra. According to Zhou through CnLedger’s Wednesday tweet, Facebook’s Libra may pose difficulties on global monetary policies and disrupt the existing financial system. Cryptocurrency

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Blockchain News
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Blockchain News

China Aims To Create A Cryptocurrency, Will They Lift Their Ban On Cryptos?

Dare Shonubi July 10, 2019

The People’s Bank of China (PBoC) is reportedly considering to create a cryptocurrency to be used both locally and possibly, globally. According to a report made by South China Morning on Monday, China is looking to review its almost two years ban on cryptocurrencies in the region. China’s Views On Libra The news came after

The People’s Bank of China (PBoC) is reportedly considering to create a cryptocurrency to be used both locally and possibly, globally. According to a report made by South China Morning on Monday, China is looking to review its almost two years ban on cryptocurrencies in the region. China’s Views On Libra The news came after