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CBDC
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.
China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments
The country is testing the currency in different pilots.
South Korea’s Central Bank to Choose Supplier for Digital Currency Pilot
The Bank of Korea is looking for a technology supplier to explore a digital currency in a test environment.
Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech
The new digital yuan wallet will require users’ biometric information to enable payments.
Biden Administration Concerned Over Long-Term Effects of Digital Yuan: Report
Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.
BOJ Starts Central Bank Digital Currency Experiments
The year-long Phase 1 will conduct experiments on basic functions of a CBDC.
