Survey Of Experts: China’s Digital Currency vs. Decentralized Bitcoin
Recently, in a statement issued on its official website, People’s Bank of China (PBOC) has announced a plan to launch its own digital currency. In light of this big news from China, CoinTelegraph conducted a survey of industry experts to hear what they think of the move and how it affects the cryptocurrency market. If PBOC launches its own digital currency, will it have anything to do with cryptography at all? Can a centralized virtual currency ever compete with cryptocurrency where no third party involvement exists? “The PBOC already has a Digital Currency, it's called the Yuan. The only....
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The People’s Bank of China (PBOC) is studying the prospect of issuing its own digital currency and is aiming to roll out a product as soon as possible, Bloomberg Business reports. PBOC, China’s central bank, is persuaded that a state-backed digital currency could reduce capital outflow, money laundering and tax evasion, make economic activity more transparent and improve the efficiency of global transactions. The creation of China’s state digital currency was discussed at a meeting in Beijing, attended by digital fintech experts and high level authorities including PBOC Governor Zhou....
A survey conducted among financial professionals has indicated that the industry wants Ukraine’s future digital currency to be used as a tool in the crypto space. The financial sector also favors a blockchain design for the e-hryvnia that would allow peer-to-peer transfers and fuel e-commerce. Financial Experts Define Potential Uses of Ukraine’s Digital Currency The National Bank of Ukraine (NBU) has published the results of a survey aimed to establish the potential demand for a central bank digital currency (CBDC). The regulator sent out a set of 30 questions to 100 financial....
This survey is now also available in Chinese and also in Spanish and in Japanese. It's a common observation: the bitcoin community largely consists of young, white males. But to what degree is this actually true? Just what percentage of those interested in digital currency matches this description? To find out, CoinDesk has launched a new survey to determine who exactly makes up the bitcoin community and the demographics with a general interest in digital currency. The survey only takes a couple of minutes to complete, but will lead to a greater understanding of the community. You can....
Americans overwhelmingly trust job titles referencing "digital currency " over "virtual currency," "bitcoin," "cryptocurrency" and "litecoin," according to a survey by the Digital Currency Council (DCC) this month. The survey was conducted March 8 and used a representative sampling of 506 people across the U. S. and was conducted by DCC via Google Insights polling. The DCC announced the survey results in its recent "Pulse Report" on public perceptions of bitcoin and digital currencies. The term "digital currency professional" was preferred by 41 percent of respondents, which more than....
The less people know about bitcoin, the more they want to ban it. That's according to a Reason-Rupe survey, which found that 56% of those in the survey knew "nothing at all" about bitcoin. With only 19% claiming to know "a lot" or "some" about bitcoin, the results demonstrate just how little general understanding there is about bitcoin, despite the increase in media coverage. A Bloomberg poll in December 2013 found 46% of people didn't know what bitcoin is, with 6% guessing it is an Xbox game. A UK survey in February found a similar figure for awareness of the digital currency. Age....