China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run of a cashless payments system, according to numerous reports on Monday (Oct. 12). Get the Full Story Complete the form...
Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Square, the FinTech payments company headed by Twitter CEO Jack Dorsey, announced on Thursday (Oct. 8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. Get the Full Story Complete the form to...
The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Ripple Executive Chairman Chris Larsen has threatened that his company might leave the U.S. if the country’s cryptocurrency regulations aren’t changed, according to Fortune. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Europe should be ready to adopt a digital euro so residents can access money amid the evolving retail payment landscape. That’s the message of the European Central Bank (ECB), the lead institution of the 19 European Union countries which have adopted the euro, the Financial...
The European Central Bank (ECB) has taken what could be a big first step toward launching a digital currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Kenneth A. Blanco, director of the Financial Crimes Enforcement Network (FinCEN), said banks need to be wary of risks with cryptocurrency, according to remarks planned to be given at the ACAMS AML (anti-money laundering) virtual conference on Tuesday (Sept. 29). Get the Full Story Complete...
