Monday, August 2

digital yuan

Bitcoin, Blockchain, Central Bank Digital Currency, cryptocurrency, digital yuan, Ethereum, Markets, Mining, Stablecoins, Tether, Weekend BI UK

Cryptocurrencies, stablecoins and central-bank digital currencies are all the rage. We break down what they are and what you need to know about them

A bitcoin artwork by Stacey Coon, Anastasia Sultzer, and Nanu Berk at the Bitcoin 2021 convention. Marco Bello/Getty Images Cryptocurrencies and stablecoins have boomed in 2021, sucking in investors. The world's central banks are increasingly looking to create their own digital currencies. Insider cuts out the jargon and explains the key differences and what they're used for. See more stories on Insider's business page. Cryptocurrencies and stablecoins have boomed in 2021. And central banks around the world are increasingly keen on their own digital currencies. But how do they all work and what are they used for?CryptocurrenciesCryptocurrencies are basically digital currencies that aren't controlled or issued by a centralized authority, such as commercial or central banks.These...
Bank of Japan, CBDC, Central Bank Digital Currency, Cryptocurrencies, digital assets, digital currencies, Digital Currency, digital yuan, Japanese yen, Markets, MI Exclusive

Japan’s plans for a digital yen could start to take shape next year, according to a top lawmaker, report says

REUTERS/Shohei Miyano The head of the ruling party's digital currency initiative told Reuters digital yen plans could take shape next year. He said he expected this to provide clarity on its impact on the existing financial system. The Bank of Japan started exploring a central bank digital currency earlier this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Japan's plans for a digital yen could start to come together next year and the design of a potential central bank digital currency will be clearer then, the head of the ruling party's digital currency initiative, Hideki Murai, told Reuters in an interview published on Monday. "By around the end of next year, we'll have a clearer view of what Japan's CBDC would look like," he said, adding this...