The Central Bank of Chile is exploring the issuance of central bank digital currency (CBDC). The bank will form a team to analyze the objectives, requirements and regulations for the development of a CBDC. The group aims to deliver a white paper in the first quarter of 2022, presenting a framework for action and strategic objectives, lines of action and expected results.
The price of Bitcoin fell 5% yesterday following “breaking” (read: weeks old) news that the People’s Bank of China (PBOC) had declared all cryptocurrency transactions illegal. With that in mind, Cointelegraph took a nostalgic look at the last 12 years of FUD out of China. Altogether, since 2009, China has “banned” or otherwise caused FUD in the crypto space on more than 19 separate occasions.
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At the September 28-30 CordaCon2021, I’ll be providing an overview of recent retail #CBDC developments. You can register for the event here: https://www.cordacon.com
On October 4 I’ll be providing an overview of international work on retail CBDC and evolving thinking on motivations, system design and safeguards at The CBDC Conference. You can register for this and the full three-day (October 4-6) event here: https://www.cbdc-conference.com/index.php