CBDC
Ripple to Pilot Bhutan’s CBDC Using Private Ledger
The test is part of Bhutan’s goal to bring its population to 85% financial inclusion status by 2023.
China to Build Global Clearing Network for Mobile Payments Using Digital Yuan
According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.
35 Chinese Banks Add Digital Yuan to Apps as Lenders Prepare for Adoption: Report
Another 94 banks plan to access the CBDC via a clearing platform.
Thailand CBDC Trial to Test Use as Cash Substitute
The CBDC will be used for "cash-like activities within a limited scale," such as paying for goods and services.
Poly Network Mostly Recovers Stolen Assets, Rario Launches Cricket NFT Platform
Poly Network says stolen assets are mostly returned. Samsung reportedly joins South Korea CBDC pilot. Indian-founded Rario launches cricket NFT platform. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Samsung Plans to Participate in South Korea’s CBDC Pilot
Samsung Electronics will reportedly take part in the Bank of Korea (BOK)'s central bank digital currency (CBDC) pilot with a focus on remittances. The electronics giant plans to test the functionality of the pilot with its Galaxy smartphone and look at whether transactions can be completed without internet availability. "The Hash" squad discusses the implications for tech innovation in the crypto space in South Korea, which was once hailed as the next global blockchain hub.
Ukraine's President Signs Law Allowing Central Bank to Issue a CBDC
The National Bank of Ukraine can now officially launch its own payment token.
Insurer Pingan Issues Digital Yuan COVID-19 Policies for Medical Staff: Report
Purchasers who pay for their coronavirus coverage with e-CNY can receive discounts.
China's Central Bank 'Worried' Stablecoins Pose Risk to Financial System
Global stablecoins "may bring risks and challenges to the international monetary system," said PBOC's Fan Yifei.
House Democrats Form Cryptocurrency Working Group
The announcement came in a hearing about central bank digital currencies.
