Cointelegraph predictions for the first 5 CBDCs of 2021-2022
2021 & 2022 touted to be the most important years for the development of CBDCs Go to Source Powered by WPeMatico
Yuan
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State-owned Chinese bank rolls out ATMs for digital yuan
The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan. Go to Source Powered by WPeMatico
Selected Shenzhen residents to get lottery ‘red envelopes’ with digital yuan
Winners of the city’s lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants. Go to Source Powered by WPeMatico
China has no plan to replace USD with digital yuan, former PBoC head says
A former PBoC official says that his country has taken a cautious approach with the digital yuan. Go to Source Powered by WPeMatico
Chinese residents make 20K transactions in digital yuan trial event
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents. Go to Source Powered by WPeMatico
Inflation games: Bitcoin competes with fiat on value but lacks volume
Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies. Go to Source Powered by WPeMatico
China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon. Go to Source Powered by WPeMatico
Senior Japanese official fears China being ‘first-mover’ in digital currency
China might gain control over global CBDC standards, a Japanese official warns. Go to Source Powered by WPeMatico
European central bank execs explain why CBDCs don’t need blockchain
Before trying to apply blockchain to anything, think why. Go to Source Powered by WPeMatico
No one can refuse China’s digital currency, says central bank exec
The digital renminbi is legally compensatory to China’s fiat currency. Go to Source Powered by WPeMatico
