Central Bank Digital Currencies May Arrive Within 3 Years

Deutsche Bank analyst Marion Laboure said that the major central banks that recently formed a think tank to explore digital currencies might take concrete actions within three years. The global pandemic is accelerating the process. COVID Pandemic Will Speedup CBDC Adoption When Bitcoin first came out, central banks ignored the potential of blockchain and even […]

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Bank of Korea Sees No Reason for Central Bank Digital Currency

Bank of Korea sees no need to generate a Central Bank Digital Currency (CBDC), an official shared the regulator’s position. Despite the overwhelming presence of cryptocurrency projects in South Korea, the country’s central bank is skeptical of the drive for CBDCs. Bank of Korea Warned Against Speculations for Launching CBDC Bank of Korea, however, will […]

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Central Bank Crypto Still 10 Years Away, Says Former ECB Vice President

Former Banque de France governor, Christian Noyer, suggested that a consumer-focused central bank digital currency (CBDC) could still be 10 years away, despite current interest from over 50 central banks. However, he did predict that digital payments between commercial banks will happen fairly soon, according to an article on FT.com. Interest, But ‘Clear Hesitation’ Noyer […]

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Looking at Crypto’s 2020 Outlook Through the Politico-Economic Lens

The impact of 2020’s economic and political events could have a lasting effect on the future of crypto assets, although it is unclear what the final result may be. Most people are likely aware of the massive potential impact that cryptocurrencies and blockchain technology can have on countless industries. Their ability to revolutionize the world […]

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BIS Reports 70% of Central Banks Are Studying Cryptocurrencies

A new report published by the Bank of International Settlements (BIS) shows that the majority of central banks are studying central bank digital currencies (CBDC). However, most of them are unlikely to issue any type of digital currency in the near future.  CBDC ‘Unlikely’ in The Short Term BIS published the results of a new […]

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