China Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan
The digital yuan (eCNY), the central bank’s digital currency, has undergone updates that give it smart contract capabilities and some recently disclosed use scenarios. As per a January 17 statement by regional bitcoin media site 8btc, the Meituan app, a Chinese app that offers retail and food delivery services, has started using smart contracts. A…
Thailand Collaborates with Hungary to Jointly Explore Blockchain Technology
Hungary and Thailand plan to jointly explore innovations in financial technology with the upcoming rise of cutting-edge technologies like blockchain. The recent announcements of empowering respective financial industries for both nations with the cooperation between the financial technology associations for Hungary and Thailand. The bilateral memorandum of understanding between these two Nations urges support for…
What is the difference between Blockchain-based CBDC and Cryptocurrency?
As the cryptocurrency sector develops, both Cryptocurrency and CBDCs have attracted the interest of popular audiences. However, despite their common position as ‘digital assets,’ there are some significant distinctions in issuing and managing them. Before delving into CBDC vs. Cryptocurrency, we first understand the two concepts. Central Bank Digital Currency (CBDC): An Overview…
Central Bank of Malaysia Probes Into CBDC Research
Malaysia has emerged as the latest country to join the list of the countries looking forward to exploring the virtual currency space with a government-regulated CBDC project. The constant surge in the popularity of cryptocurrencies has made financial regulators and governments from across the globe give serious thought to a project that is a perfect…
DAY LONG NEWS ROUNDUP: LATEST NEWS 01/11/21
We bring you the top headlines impacting the blockchain and crypto space on 01/11/21 so you can stay informed and updated on the latest information. Amazon Web Services Aim To Drive The Settlement And Custody Of Crypto To Cloud One of the most premium cloud providers in the world, Amazon Web Services, is looking for…
DAY LONG NEWS ROUNDUP: LATEST NEWS 22/10/21
We are bringing you the top headlines from 22/10/21 that are making the biggest impacts in the world of blockchain and crypto so that you can stay ahead of the curve! McDonald’s China Tasked With The Expansion Of Digital Yuan Trial According to the Financial Times, officials in China are urging McDonald’s to aid in…
A pilot project to be initiated by the Bank of Jamaica in August, aims at its CBDC program
The local newspapers in Jamaica reported that the National Commercial Bank (NCB) will be launching a pilot project in order to introduce their customers to their digital currency initiative. This initiative should have commenced back in May but due to some unforeseeable circumstances, it was delayed to some extent. Richard Byles, who is the governor…
How CBDC Affected Crypto Space and What’s Next?
Wondering what exactly CBDC is? How it affected crypto space in 2020, and what will it bring for the future? You have landed on the right page. Table of Contents What Exactly is CBDC? Why is CBDC Gaining Momentum? CBDC’s Effect on Crypto Space in 2020 and What’s Next in 2021? Concluding Lines What Exactly…
What is CBDC? A Comprehensive Guide
In this article, we will discuss what CBDC is. What are its types? Which countries are experimenting with CBDC, and will it drive financial inclusion? Let’s explore everything in detail. Table of Contents Understanding CBDC Categories of CBDC Countries Launching Experiments to Test CBDC Can CBDC Drive Financial Inclusion? Concluding Lines Understanding CBDC CBDC stands…
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