{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=EN&target_lang=NL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=The+Rise+Of+Crypto%3A+Countries+With+Their+Own+CBDCs&text=As+central+banks+start+testing+digitial+currencies+%28CBDCs%29%2C+the+cryptocurrency+industry+faces+a+major+potential+for+mass+adoption.&text=The+%22cash+is+king%22+mantra+seems+to+be+losing+any+truth+as+digital+money+becomes+the+norm+in+transactions+across+the+world.+The+use+of+cash+has+been+threatened+by+the+hygiene-related+issues+as+a+result+of+the+Coronavirus+pandemic.+More+people+are+opting+for+contact-free+systems%2C+and+cash+is+taking+a+knock.+Beyond+the+convenience+of+a+cash-free+system%2C+more+countries+are+looking+beyond+credit+cards+and+are+exploring+a+fully+digital+approach+to+currency.+The+news+of+countries+exploring+Central+Bank+Digital+Currencies+%28CBDCs%29+has+become+commonplace+recently.+The+national+banks+of+increasing+numbers+of+countries+are+looking+to+blockchain+technology+to+integrate+into+their+financial+systems+-+and+it%27s+possibly+going+to+change+the+way+people+view+Bitcoin%0A%3Ch2%3EWhich+Countries+Are+Going+Cashless%3F%3C%2Fh2%3E%0ALooking+at+data+reported+by+Quartz%2C+the+top+countries+which+have+a+cashless+approach+to+vendor+transactions+include+few+countries+which+are+exploring+CBDCs.+Notable+in+this+list+is+Sweden%2C+which+has+been+piloting+a+national+digital+currency.+The+United+Kingdom+has+been+reported+to+be+investigating+a+CBDC+too%2C+but+only+to+a+limited+extent.%0A%0A%3Cimg+class%3D%22aligncenter+size-full+wp-image-95983%22+src%3D%22https%3A%2F%2Fwww.coininsider.com%2Fwp-content%2Fuploads%2F2020%2F07%2FCBDCs.png%22+alt%3D%22%22+width%3D%22618%22+height%3D%22621%22+data-wp-pid%3D%2295983%22+%2F%3E%0A%3Ch2%3EWhich+Countries+Are+Testing+Central+Bank+Digital+Currencies%3F%3C%2Fh2%3E%0AIn+March+this+year%2C+China+was+the+first+country+to+announce+that+it+would+be+piloting+a+CBDC.+While+other+central+banks+from+different+countries+had+been+considering+issuing+a+national+government-backed+cryptocurrency%2C+China+was+the+first+to+make+initial+steps+to+start+testing+the+concept.+Part+of+the+driving+factor+for+the+decision+is+linked+to+the+Coronavirus+and+the+danger+of+spreading+the+virus+as+a+result+of+physically+handling+cash.%0A%0ASince+China+announced+the+pilot+programme+for+testing+a+CBDC%2C+other+countries+have+begun+to+make+the+call+to+act.+Now%2C+the+countries+which+are+testing+a+CBDC+to+issue+into+public+circulation+include+Sweden%2C+The+Bahamas%2C+France%2C+The+Philipines%2C+Japan%2C+Turkey%2C+and+Switzerland.%0A%3Ch2%3EWhich+Countries+Are+Best+Suited+For+A+CBDC%3F%3C%2Fh2%3E%0AAccording+to+a+%3Ca+href%3D%22https%3A%2F%2Fwww.bis.org%2Fpubl%2Fbppdf%2Fbispap107.pdf%22%3Esurvey%3C%2Fa%3E+conducted+by+the+Bank+For+International+Settlements+early+this+year%2C+countries+across+the+globe+-+both+from+developed+and+emerging+markets+-+show+interest.+However%2C+the+split+is+not+equal.+The+research+shows+that+the+banks+from+emerging+markets+might+have+stronger+motivations+towards+issuing+a+CBDC+and+thus+might+be+better+positioned+for+earlier+adoption+for+a+national+cryptocurrency.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3EEmerging+market+economies+report+stronger+motivations+and+a+higher+likelihood+to+issue+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2FCBDC%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23CBDC%3C%2Fa%3E+than+advanced+economies.+%3Ca+title%3D%22Is+Cryptowealth+Legit%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcryptowealth-review%2F%22+data-replaced%3D%22true%22%3ECryptocurrencies%3C%2Fa%3E+remain+a+niche+means+of+payment+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2Fdigitalcurrency%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23digitalcurrency%3C%2Fa%3E+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2Fcentralbank%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23centralbank%3C%2Fa%3E+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2Fcryptocurrencies%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23cryptocurrencies%3C%2Fa%3E+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2Fwef20%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23wef20%3C%2Fa%3E+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2FDavos2020%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23Davos2020%3C%2Fa%3E+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FBCoeure%3Fref_src%3Dtwsrc%255Etfw%22%3E%40BCoeure%3C%2Fa%3E+%3Ca+href%3D%22https%3A%2F%2Ft.co%2FHjIjFJbF2H%22%3Ehttps%3A%2F%2Ft.co%2FHjIjFJbF2H%3C%2Fa%3E+%3Ca+href%3D%22https%3A%2F%2Ft.co%2F0qLhE7lMj8%22%3Epic.twitter.com%2F0qLhE7lMj8%3C%2Fa%3E%3C%2Fp%3E%0A%E2%80%94+Bank+for+International+Settlements+%28%40BIS_org%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FBIS_org%2Fstatus%2F1220380277450661889%3Fref_src%3Dtwsrc%255Etfw%22%3EJanuary+23%2C+2020%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async%3D%22%22+src%3D%22https%3A%2F%2Fplatform.tw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