• digital yuan mandatory
    Cryptocurrencies,  Regulation

    Acceptance of China’s upcoming digital yuan mandatory

    Businesses and individuals will be required to accept the central bank digital currency once it is launched, according to a representative of the People’s Bank of China

    As a consequence of it being classified as part of the cash supply, the upcoming CBDC will have to comply with the laws that currently regulate cash. This includes the mandatory acceptance of the digital currency as a means of payment.

  • Brazil central bank CBDC
    Cryptocurrencies,  Politics

    Brazil’s Central Bank Launches CBDC Study

    Brazil’s central bank is giving the idea of releasing its own digital currency serious thought

    The central bank of South America’s largest economy explained that the study’s objective is to evaluate the benefits and overall impact of the issuance of a digital version of the Brazilian fiat currency—the real.

  • CBDC Google searches
    Politics,  Technology

    Central bank digital currencies capture public’s interest like Bitcoin, Libra

    Google searches about CBDCs have grown as fast in 2020 as Facebook’s Libra did last year and Bitcoin in late 2017/early 2018

    According to an Aug. 24 report from the Bank for International Settlements, “there is growing discussion of a new payment technology: central bank digital currencies (CBDCs).”

  • digital yuan coming to Beijing
    Cryptocurrencies,  Technology

    China’s digital yuan is coming to Beijing, Hong Kong

    The country announced a major expansion of its central bank digital currency test, taking it from four cities to the capital, economic engine Hong Kong, and several provinces including wealthy Guangdong

    China’s Commerce Ministry said on Aug. 14 that it is expanding its central bank digital currency experiment to the capital and some of the country’s wealthiest regions, the Wall Street Journal reported.