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New Digital Currency Project from Spain

The Bank of Spain plans to launch a central bank digital currency (CBDC) project. On Monday, the bank asked financial institutions and technology providers to submit their proposals in this regard by January 31.

According to the bank’s statement, the program will include simulating the use of CBDC in wholesale transactions. Wholesale transactions consist of the transfer of funds between banks and financial institutions.

On the other hand, it was stated that this program has nothing to do with the European Union’s research on the use of digital euro in individual shopping. The central bank of France also announced two projects on CBDCs that can be used in wholesale sales in September.

Cryptocurrencies continue to move in narrowband

After the upward movement in the crypto money markets at the beginning of the week was met with sales, the horizontal view in intraday transactions was followed by gradual decreases. Bitcoin tested the $16,700 band in today’s transactions and then returned to $16,800. BTC has held steady in the last 24 hours, while Ethereum has rallied by a partial gain of 1.2% to $1,240.

The most rising cryptocurrency among the top 10 cryptocurrencies was Polygon (MATIC), which is currently trading at $ 0.9, up 2%. Cardano (ADA), on the other hand, is down 0.14% at $0.31. Among the top 100 cryptocurrencies, gains and losses are limited to the 5% band. The most rising cryptocurrencies since yesterday; It was listed as NEXO, EOS, STX, TWT and GMX. The most losing altcoins were AXS, XCN, NEAR, APE and FLOW.

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