1 / 24 Relevant items tagged with #CBDC
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Trump’s potential Treasury secretary pick ‘sees no reason’ for US CBDC
[Jan 16 8:13 PM] The president-elect cannot officially nominate anyone until after he is inaugurated on Jan. 20, but the US Senate has been holding hearings to question his potential picks.
Top 5 Bitcoin critics unfazed by $100K BTC milestone
[Dec 27, 2024 3:00 PM] Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.
BIS consultative group proposes retail CBDC architecture
[Dec 19, 2024 6:17 PM] According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.
‘No to CBDC, yes to Bitcoin’ — European MP calls for EU BTC reserve
[Dec 17, 2024 11:52 AM] The European Parliament’s Sarah Knafo said it’s time to stop “totalitarian temptations” by the European Central Bank and adopt Bitcoin.
Iran’s Digital Rial Near Launch, Central Bank Signals Progress
[Nov 26, 2024 6:30 AM] Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the…
Reserve Bank of India expanding cross-border payments platform
[Nov 24, 2024 5:13 PM] According to the Atlantic Council, 134 countries are currently exploring CBDCs in different phases — including every G20 country.
Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker
[Nov 22, 2024 11:38 AM] The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.
Stablecoins Are Not Your Friends
[Nov 19, 2024 6:01 PM] Stablecoins are often pitched as a stopgap method, or a friendly tool for people in the developing world who cannot handle the volatility of Bitcoin. They are framed as something complementary to Bitcoin, not in competition with it. Nothing could…
Norway supports MiCA, considers CBDC for financial stability
[Nov 9, 2024 9:30 AM] Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.
Singapore advances asset tokenization with new MAS frameworks
[Nov 4, 2024 5:32 PM] The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials.
Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users
[Nov 1, 2024 8:51 PM] No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.
BIS distances from Project mBridge amid BRICS sanctions concerns
[Oct 31, 2024 5:33 PM] Economic sanctions have a profound effect on international financial architecture, it turns out.
2,430% Surge: Why Central Bank Digital Currencies Are Set to Explode
[Oct 29, 2024 5:30 AM] The explosive growth of central bank digital currencies, expected to surge 2,430% by 2031, could revolutionize global payments, slashing cross-border transaction costs by billions. The Global Payment Shake-Up: CBDCs Poised to Transform Transactions…
HKMA Project Ensemble partners with Brazil, Thailand for tokenization
[Oct 28, 2024 6:29 PM] The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating.
Stablecoins and the dollar: Allies or adversaries in the new financial era?
[Oct 25, 2024 6:15 PM] As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?
Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
[Oct 24, 2024 8:30 AM] Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both…
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar
[Oct 24, 2024 3:30 AM] The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which…
Bitcoin academics slam controversial ECB paper blasting Bitcoin
[Oct 23, 2024 3:53 AM] The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin's price should be regulated or outright banned.
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
[Oct 19, 2024 2:30 AM] A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s…
US Senator Sounds Alarm on 3 Major Crypto Threats — Could Digital Assets Be in Danger?
[Oct 15, 2024 5:30 AM] Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations…
Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential
Brazillian Central Bank Invites New Participants to CBDC Pilot Program
[Oct 13, 2024 10:10 PM] The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits…
Ripple Wins Platinum for Best Cross-Border Payments Platform at Future Digital Awards 2024
Banks to join SWIFT digital asset trials in 2025
[Oct 3, 2024 10:02 AM] SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its upcoming digital currency trials in 2025.
Country-wide Bitcoin adoption a mixed bag for national economies
[Sep 26, 2024 2:00 PM] Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts.
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
[Sep 26, 2024 2:30 AM] The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as…
Bank of Canada Redirects Efforts Away From Retail CBDC
[Sep 23, 2024 8:45 PM] The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which…
Hong Kong’s e-HKD project expands into tokenization, programmability
[Sep 23, 2024 8:02 PM] The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.
Canada Moves Away From Retail CBDC, Shifts Focus to Broader Payments
[Sep 23, 2024 7:29 AM] Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week.