The BoE Governor Andrew Bailey said that the central bank is actively thinking of accommodating a CBDC in the country’s financial framework.
Check out some of the top performing alt coins which are grabbing the limelight.
The Spanish banking giant will use Ripple’s blockchain-based solution to get a strong hold in the rapidly changing international payments’ market.
Over the last 7 days, the cryptocurrency market has felt a slight degree of volatility, but all around, the values have remained mostly the same.
Coinbase’s public listing could be landmark victory for the crypto industry as it will encourage more crypto firms to join the mainstream markets.
As part of its initial stage tests in the market, China’s central bank has entered a strategic partnership with Didi to test the use of Digital Yuan across its customer base.
The Bank of Japan has said that it will be testing the technical viability of having a CBDC which can work both online as well as offline in its cash-dominant financial ecosystem.
The Visa Chief added that CBDCs can be the future of money and global digital transactions and will have major weight on monetary policies.
The IRS is looking for a prototype that gives a deeper understanding of the suspected users’ transactions by disclosing their DLT addresses and other information.
Over the last 7-days, the cryptocurrency market has been fairly stable. In the case of bitcoin, a short price dip was reported on the 27th of June, when the value fell to $8,882, yet the price quickly recovered and continued on a fairly-stable pathway.