BoE Governor: cryptocurrencies of today are destined to fail long term
The U.K. central bank governor believes existing cryptocurrencies will fail over the longer term due to their robust privacy features.
Tag: Central Bank
Law Decoded: Bank payments going global with stablecoins and CBDCs, Jan. 15–22
Retail users may have to wait in much of the world, however.
Sweden is working with DLT for its CBDC proof-of-concept
Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration.
Russia’s Central Bank tries to stem the tide of rubles leaving bank accounts
With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble.
Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it.
China’s central bank plans digital yuan pilot for payments to Hong Kong
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand.
Law Decoded: Cents and stability, Nov. 20–27
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week’s Law Decoded.
The US election seals China’s victory in digital currency supremacy
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race.
BIS head says physical cash still important, even if CBDCs take over
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs.
