IMF Evaluates Pros and Cons of a Central Bank Digital Currency

IMF Evaluates Pros and Cons of a Central Bank Digital Currency

The International Monetary Fund (IMF) is evaluating the positives and negatives of introducing a central bank digital currency (CBDC). This is clear after a recent keynote speech by the IMF’s Deputy Managing Director, Tao Zhang. IMF ponders pros and cons of CBDCs Zhang made the speech to the London School of Economics on February 28th, … Continue reading IMF Evaluates Pros and Cons of a Central Bank Digital Currency

World Economic Forum Introduces Central Bank Digital Currency Framework

World Economic Forum Introduces Central Bank Digital Currency Framework

The World Economic Forum (WEF) is now introducing a toolkit for policymakers looking to implement central bank digital currencies (CBDCs). This came during the ongoing WEF conference in Davos, Switzerland. The WEF is introducing a CBDC framework for policymakers Specifically, the World Economic Forum is partnering with some of the largest central banks in the … Continue reading World Economic Forum Introduces Central Bank Digital Currency Framework

Ex-Barclays Executive Aims to Launch Britain’s First Regulated Crypto Bank in 2020

Ex-Barclays Executive Aims to Launch Britain’s First Regulated Crypto Bank in 2020

The former head of technology for the Barclays group for more than a decade may soon begin championing crypto. Specifically, he is said to be eyeing a Q1 2020 launch of his latest digital banking venture, Ziglu. Ziglu is led by a banking industry veteran Specifically, Mark Hipperson was not only the head of technology … Continue reading Ex-Barclays Executive Aims to Launch Britain’s First Regulated Crypto Bank in 2020

Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Fresh reports are indicating that China intends to conduct real-world tests of its central bank digital currency this year. Specifically, the first tests of this CBDC will reportedly take place in the high-tech Chinese city of Shenzhen. China will reportedly deploy CBDC testing before the end of 2019 This news first came in a local … Continue reading Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent