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China to Launch Its Own Digital Currency Later This Year

China to Launch Its Own Digital Currency Later This Year

In order to remain ahead in the global competition, China plans to launch its own digital currency known as Digital Currency Electronic Payment (DCEP). The digital currency will stimulate daily banking activities like deposits, payments, and withdrawals from the digital wallet. Crypto news website Coin Journal shows that the People’s Bank of China, China’s central bank has initiated the efforts to roll out its very own digital currency. It is an effort aimed at staying ahead among all the central banks worldwide as well as preserving financial sovereignty.

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

European Commission Eyes Crypto Regulatory Framework with New Digital Finance Package

The European Commission (EC) has unveiled a digital finance package that highlights legislative proposals on crypto assets and digital resilience.

China's Central Bank Says Digital Yuan Will Not Raise Inflation

China's Central Bank Says Digital Yuan Will Not Raise Inflation

Bank of China claims that the introduction of digital yuan will not cause the occurrence of inflation.

Voyager Digital announces the listing of Elrond Gold token

Voyager Digital announces the listing of Elrond Gold token

Voyager digital has just listed the Elrond gold token on it’s exchange

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Major Japanese companies from various sectors will collaborate to engage in a pilot test to issue a private digital currency or Digital Yen.

Blockchain Technology Implemented into Indonesia's Digital Economy

Blockchain Technology Implemented into Indonesia's Digital Economy

Bank Central Asia (BCA) is campaigning for Indonesian financial businesses to innovate and adopt blockchain technology to support its digital economy amidst rapid technological revolution.

China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed

China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed

As part of China’s rollout of its central bank digital currency (CBDC), the government had a $1.5 million giveaway of digital yuan to its citizens in Shenzhen.

Bank of Japan Testing Digital Yen CBDC

Bank of Japan Testing Digital Yen CBDC

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.

ANNA Develops New Technology Strategy On Digital Assets

ANNA Develops New Technology Strategy On Digital Assets

ANNA, a mnemonic for the Association of National Numbering Agencies apprised the public that it has developed a new technology task force on digital assets which will help to investigate the identification of digital assets in the likes of tokens and cryptocurrencies, blockchain technology.

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.

Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem

Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem

Justin Sun’s entry into Steemit is not going down well with the community. They have created a hard fork of the blockchain and named it Hive. Vitalik Buterin, Ethereum Founder, tweeted that Hive stands a test of time in demonstrating whether self-independence will be achieved.

Facebook Calibra Digital Wallet Gets a New Name – Novi

Facebook Calibra Digital Wallet Gets a New Name – Novi

Facebook has renamed its digital wallet, Calibra, as Novi. Calibra was the digital wallet that the social media giant has been building to access Libra digital currencies. In a blog post, the company explained that the new name was inspired by the Latin words “novus” and “via,” meaning “new” and “way.” The digital wallet company, a subsidiary under Facebook will now be named Novi Financial. As previously reported by Blockchain.News, Libra has abandoned its original plan of a widely accessible permissionless digital currency aimed to solve financial inclusion issues, due to ongoing regulatory backlash.

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