China braces itself for CBDC rollout, companies to implement e-CNY payment pilots

Winter is coming and so are the Beijing Winter Olympics, in just four months. Yet, in spite of the falling temperatures, China is only heating up when it comes to rolling out its CBDC. Now, more businesses are joining in to spread the digital renminbi …

Banks in France run ‘almost 500’ test cases in CBDC experiment

After the release of The Bahamian “Sand Dollar” CBDC around a year ago, China is steamrolling ahead with its own e-CNY program. Not surprisingly, other countries are feeling the time crunch. Yet, after months of quiet preparation, one large…

Why Japan ‘currently has no plan to issue CBDC’

CBDCs are not only related to finance but diplomacy as well. With China now incentivizing users to pay with its digital renminbi [RMB] and South Korea also looking into a digital won, Japan has little choice but to examine its own readiness for a CBDC….

Crypto is an ‘enabler,’ but can Visa emerge as a ‘bridge’

Visa’s foray into crypto grabbed the public’s attention after it purchased a CryptoPunk NFT for $150,000. However, this wasn’t exactly Visa’s first encounter with the world of crypto. In fact, the payment giant now has ambitious plans ranging acr…

Cardano eUTxO ‘derived’ from Bitcoin; is it ‘innovation’ or ‘replication’

Cardano faced a lot of FUD this year, especially before and immediately after the Alonzo upgrade. Furthermore, founder Charles Hoskinson also pointed a finger at media channels for spreading negative information. In light of this, IOHK CTO Romain Pelle…

Could the proposed US ‘digital dollar’ be self-annihilating? Edward Snowden seems to say so

Former Central Intelligence Agency (CIA) and National Security Agency (NSA) subcontractor and whistleblower, Edward Snowden, who recently published an opinion article concerning central bank digital currencies (CBDCs), continued to discuss the danger behind their adoption on Twitter.  According to the famous privacy advocate, CBDCs are  “the newest danger cresting the public horizon,” designed to usher […]

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Is Singapore looking at crypto to deal with cross-border remittance costs

For the second year in a row, an Asian country topped the Index of Economic Freedom. Singapore’s world ranking and its high score were boosted by its property rights and trade freedom ratings. What does this mean for its booming crypto economy? R…

Why Bitcoin, the ‘$1 trillion market cap asset,’ needs to be acknowledged

Central Bank Digital Currencies are often classified as cryptocurrencies, but those who passionately believe in decentralization often view CBDCs with suspicion. On 7 October, Head of the Bank for International Settlements (BIS) Innovation Hub, Benoît …