Bank of Thailand Launches Digital Currency Pilot Project
The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country. The Bank of Thailand announced that it…
China Considering East Asia Regional Cryptocurrency to Rival Dollar and Libra
China comes up with yet another crypto-related plan to take on the hegemony of the U.S. dollar in international payments. Chinese officials are reportedly planning to create an East Asia…
Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments
In the aftermath of disappointingly slow COVID-19 stimulus payments, Congress hears testimony on using digital dollars to upgrade the U.S.’s legacy financial infrastructure. On June 11, the Congressional Fintech Task…
Advancing Blockchain Act: The US Ticket for Blockchain Superiority
The Advancing Blockchain Act could allow the United States to join other major players at the cutting edge of blockchain technology. Governments worldwide are reaping the benefits of blockchain integration…
Lithuania Is Trialing a CBDC No One Can Use – And That’s by Design
Lithuania’s central bank is one month away from minting money too advanced for nearly anyone to use. That’s because Lietuvos Bankas’ upcoming coinage is no pocket change or banknote –…
Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain
A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain. China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed…
Bank of Canada exploring digital currency that would replace cash, track how people spend money
Source: Finantial Post An internal Bank of Canada presentation says benefits of a digital currency include the sharing of personal information with police or tax authorities. The Bank of Canada…
Digital Euro Sees First Successful Test at the Bank of France
The French central bank has announced the first successful test of a digital euro. Per a May 20 announcement from Banque de France, France has become the first country to…
Austrian Bank Raiffeisen Works on National Digital Currency Pilot
Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization. While global jurisdictions are progressing with central bank digital currencies, private…
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
Another Japanese lawmaker has publicly called for the swift development of the digital yen. The head of the banking and finance systems research commission at Japan's Liberal Democratic Party, Kozo…