Tagnational digital currency

Russia’s Parliament is Discussing the Legalization of Bitcoin

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In April, CCN reported that Russia could recognize and regulate bitcoin and other cryptocurrencies in 2018, according to the words of Deputy Finance Minister Alexei Moiseev who spoke about the subject. At the time, this market a U-turn from the official who had in the past proposed to imprison bitcoiners in the country. Only a few days later, Bank of Russia’s Fintech chief Maxim Grigoriev...

China’s Central Bank is Already Testing Its Own National Digital Currency

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China Central Bank PBOC FinTech Committee

According to a paper published in the academic journal Tsinghua Financial Review and online, the People’s Bank of China (PBoC), China’s central bank, is currently testing its own national digital currency with fake transactions between it and some of the country’s commercial banks. Since the central bank is seemingly proceeding with caution there is no set timetable for the deployment of the...

Russian Central Bank Official Talks National Digital Currency

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Olga Skorobogatova, deputy chairman of the Bank of Russia (Russia’s central bank) has, in a blockchain conference, spoken about the possible development and creation of a national digital currency in the Russian Federation. Speaking at the “Blockchain and Open Platforms” conference in Russia, Deputy Chairman of the Bank of Russia Olga Skorobogatova has suggested that a national digital currency...

China’s Central Bank Will Look To Issue Its Own Digital Currency “as Soon as Possible”

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China’s central bank, the People’s Bank of China (PBOC) announced today that it will make the necessary moves to work toward issuing a digital currency, as soon as possible. The PBC has announced in a release today that it intends to launch its own digital currency, following a meeting held in Beijing. The purpose of the meeting was discussed in today’s release by the central bank of the world’s...

World’s First National Digital Currency Trials in Ecuador

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In what should be the first of many over the coming years, Ecuador will soon begin trials with the world’s first national digital currency.  They are the first nation to agree officially to implement it’s own digital currency as a state-supported national system of finance. The Central Bank of Ecuador has set up a trial version to begin later this month, and continue through mid...