• Japan central bank digital currencies
    Cryptocurrencies,  Politics,  Technology

    Bank of Japan’s top economist to head up department focused on digital currencies

    Kazushige Kamiyama’s appointment comes as the world’s third-largest economy ramps up efforts to embrace central bank digital currencies as China races ahead in creating one

    Kazushige Kamiyama’s appointment comes as the world’s third-largest economy makes a concerted effort to embrace financial innovation—and avoid being left behind.

  • digital payments anti-trust
    Cryptocurrencies,  Politics,  Regulation

    Launching its own digital currency, China take aim at digital payment titans

    The People’s Bank of China has called for an anti-trust investigation of Alipay and WeChat Pay, which together control 94% of the market. Is the forthcoming digital yuan responsible?

    China is creating a digital currency that can be used for day-to-day payments. Now a new report claims the People’s Bank of China is trying to initiate an anti-trust investigation against the two firms that dominate this space: Alipay and WeChat Pay.

  • French test digital euro
    Cryptocurrencies,  Politics

    France successfully tests digital euro

    Further experiments are set to take place in the coming weeks, Banque de France said, as the global race to launch a central bank digital currency heats up

    In Banque de France’s experiment on May 14, a blockchain developed by its team was used to settle an issue of digital securities by Société Générale. Covered bonds worth $44 million were issued as security tokens directly registered on a public blockchain.