Current Financial News

China tests ATMs converting digital yuan to cash

    China tests ATMs converting digital yuan to cash

A new test of the digital yuan that China ran recently included ATMs capable of converting digital yuan to cash and vice versa. According to The Block, the test took

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Russian telecom operators consider developing wallets for the digital ruble

    Russian telecom operators consider developing wallets for the digital ruble

Mobile operators in Russia, Beeline and Megafon, are considering the development of wallets that would link the digital ruble to owners’ mobile numbers. CoinDesk.com reports, citing Russian newspaper Izvestia, that

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The Indian Government Listed a Bill to Ban Private Cryptocurrencies

    The Indian Government Listed a Bill to Ban Private Cryptocurrencies

The new bill listed by the Indian government outlines two important things for the blockchain community. Firstly, it would ban private cryptocurrencies if passed. And secondly, it will outline the

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IMVU released its own stablecoin VCOIN

    IMVU released its own stablecoin VCOIN

Users of IMVU in more than 140 countries all over the world can now use its own stablecoin VCOIN, reports Cointelegraph.com. Referring to the company’s announcement, the source says that

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China’s digital yuan project continues with the pilot of a wallet card

  China’s digital yuan project continues with the pilot of a wallet card

The People’s Bank of China has approved a pilot of a physical wallet card in digital yuan, reports news.Bitcoin.com, citing

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Turkey is said to pilot its own CBDC in 2021

  Turkey is said to pilot its own CBDC in 2021

Turkey is planning to start the pilot of its own Central Bank Digital Currency (CBDC) in the second half of

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The central bank of Sweden might soon launch the e-krona

  The central bank of Sweden might soon launch the e-krona

Riksbank, the central bank of Sweden, has taken another step towards the launch of its own CBDC (Central Bank Digital

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Russian National Mining Pool project rejected by the Central Bank

  Russian National Mining Pool project rejected by the Central Bank

The Russian Central Bank has rejected the proposal of the Russian Association of Cryptoindustry and Blockchain (RACIB). The proposal was

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The Bank of Korea is looking for a consulting company to boost CBDC pilot

  The Bank of Korea is looking for a consulting company to boost CBDC pilot

According to The Korea Times, The Bank of Korea (BOK) is looking for a consulting firm. The firm will be

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Central banks want to replace money with digital currency

  Central banks want to replace money with digital currency

The Covid-19 pandemic had a devastating effect on the world economy so far. However, it also changed the way people

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