8 / 24 Relevant items tagged with #CBDC

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IMF Chief Says Central Bank Digital Currencies Can Replace Cash — Urges Public Sector to Prepare for CBDC Deployment

[Nov 17, 2023 8:30 PM] International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related payment platforms,”…

CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds

[Nov 17, 2023 11:50 AM] A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.

German parliament member ’staunch opponent’ of digital euro, all in on Bitcoin

[Nov 16, 2023 7:55 AM] European Union lawmakers anticipate the arrival of the digital euro, but German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin.

CBDCs Good for Payments, Even With Competition: IMF

[Nov 15, 2023 10:20 AM] The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.

Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment

[Nov 15, 2023 6:58 AM] The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025.

Kazakhstan officially launches digital tenge

[Nov 15, 2023 5:28 AM] The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency.

Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief

[Nov 15, 2023 4:43 AM] The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.

IMF head: CBDCs can replace cash, help financial inclusion

[Nov 15, 2023 3:17 AM] International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.

UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith

[Nov 14, 2023 3:37 AM] His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.

CVM Chief: Brazilian CBDC Drex to ‘Kill’ Many Cryptocurrencies

[Nov 13, 2023 9:30 PM] João Pedro Nascimento, president of the Brazilian Securities and Exchange Commission (CVM), believes that drex, the Brazilian central bank digital currency (CBDC), will “kill” many cryptocurrencies. While established cryptocurrencies…

APEC finance ministers to share perspectives on crypto at meeting in San Francisco

[Nov 13, 2023 3:18 PM] U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries.

Bank of Russia to Develop Digital Ruble Payment System With the UAE

[Nov 11, 2023 3:30 AM] The Bank of Russia has announced it will create a joint payment system with the United Arab Emirates (UAE) using the digital ruble. Bank of Russia’s First Deputy Governor Olga Skorobogatova stated that the system would serve individuals and…

BIS general manager urges central banks to “lead innovation” for CBDCs

[Nov 8, 2023 5:12 AM] Agustín Carstens called CBDCs the “central element” of central bank leadership in innovation.

China Mulls Digital Yuan Settlements for Commodities

[Nov 7, 2023 4:30 AM] The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help…

Jury finds SBF guilty on all charges, sentencing set for March 2024: Law Decoded

[Nov 6, 2023 1:30 PM] Bankman-Fried’s crimes each carry a maximum sentence of five to 20 years in prison.

National Bank of Georgia Selects Ripple as Tech Partner for CBDC Pilot

[Nov 6, 2023 3:00 AM] The National Bank of Georgia announced that it has enlisted the aid of Ripple, the cryptocurrency company, as the sole tech partner in its central bank digital currency (CBDC) project, denominated the digital GEL. Ripple’s CBDC solution was…

Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts

[Nov 3, 2023 12:17 PM] Crypto publication Bitcoin Magazine claims it has been threatened with legal action over “FedNow” t-shirts, hats, and other items.

Ripple to power Georgia’s central bank digital currency, the digital Lari

[Nov 3, 2023 2:32 AM] The National Bank of Georgia will use the CBDC platform to assess Digital Lari's benefits for the government, businesses, and retail users.

Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

[Nov 2, 2023 4:13 AM] The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.

Swiss National Bank to Work With SIX Digital Exchange, 6 Banks on Wholesale CBDC Pilot

[Nov 2, 2023 3:31 AM] The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange.

Visa completes digital Hong Kong dollar pilot test with local banks

[Nov 1, 2023 11:30 AM] The e-HKD CBDC Pilot Programme will enter phase 2 following praise from the city's monetary authority.

Survey: 65% of Spaniards aren’t interested in using digital euro

[Nov 1, 2023 2:31 AM] The country’s population doesn’t demonstrate as high a confidence level in the European Central Bank’s digital currency project as the government does, according to the survey.

Project mBridge reveals details of its workings ahead of MVP, commercial debut

[Oct 31, 2023 2:15 PM] Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.

Kenya to introduce digital IDs for citizens by year-end

[Oct 31, 2023 2:41 AM] The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take a couple of months.

Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2

[Oct 31, 2023 12:12 AM] e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets.

Bank of Spain Report: Most Spaniards Don’t Want Digital Euro, 65% Would Not Use It

[Oct 30, 2023 2:30 PM] A recent report issued by the Bank of Spain that inquires about how Spaniards use cash for payments has revealed the low degree of confidence they have in a hypothetical digital euro. 65% of the citizens surveyed reported that they would not use…

Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says

[Oct 30, 2023 6:23 AM] A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said.

Latam Insights: Argentina Prepares for Run-off Election With Crypto on the Agenda, Colombia Works on Digital Peso

[Oct 29, 2023 8:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina prepares for a run-off election with crypto on the agenda, Colombia works to formulate a digital…

Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

[Oct 27, 2023 11:14 AM] Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE.

Turkey plans to craft crypto framework in 2024

[Oct 27, 2023 4:09 AM] Crypto asset providers, such as crypto exchanges, will also be given a legal definition.