Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development | Business Blockchain HQ


The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project. According to Hong Kong Treasury Secretary Christopher Hui, Hong Kong is most interested in wholesale and cross-border digital currency use cases. China’s digital yuan, mostly focusing on retail transactions, also known as the digitalMore

IMF Says CBDCs Have Potential, But Don’t Solve Every Issue | Business Blockchain HQ


Central bank digital currencies (CBDCs) may benefit countries looking to exert greater control over their monetary policy but don’t solve for every crisis, said a report from the International Monetary Fund (IMF) published Monday.  While most of the report assessed the different pros and cons, as well as the policy considerations, of a central bankMore

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro | Business Blockchain HQ


Christine Lagarde, the President of the European Central Bank (ECB), once again broached the topic of central bank digital currency (CBDC) issuance and why the bank was seriously considering the creation of a digital euro. What ECB wants to achieve with CBDC In an interview with local news outlet Le Monde, Christine Lagarde discussed howMore

Reserve Bank of Australia Meeting Finds No Strong Case for CBDC or e-AUD | Business Blockchain HQ


The Payments System Board of the Reserve Bank of Australia (RBA) has found no strong public policy-case to issue a central bank digital currency (CBDC) despite the trend of declining cash-use throughout the COVID-19 pandemic. A meeting of the Reserve Bank of Australia’s Payments System Boards was held today, to discuss the impact of theMore

First Blockchain National Currency Platform Ready for Central Banks’ CBDC Issuance | Business Blockchain HQ


The blockchain national currency platform issued by blockchain company Apollo Fintech was finalized and completed on August 12.   National Payment Platform to Fuel CBDCs The blockchain-fueled ‘Central Bank Digital Currency’ (CBDC) platform is the first of its kind to exist. Apollo Fintech, who prides itself in “developing world-shaping fintech solutions for a global economy, just announced recently the completion of the platform, dubbedMore

Bank of Japan Now Considers its CBDC Project a Top Priority | Business Blockchain HQ


The Bank of Japan is reportedly expediting the development of its Central Bank Digital Currency (CBDC). A top official of the Asian giant’s apex bank Takeshi Kimura confirmed this while speaking to Japanese news outlet The Asahi Shimbun. Takeshi said that the bank will begin substantive testing of its CBDC as pressure mounts following theMore