Italy’s Cipollone Defends Digital Euro as He Seeks ECB Role
[Oct 9, 2023 9:24 AM] Remarks at a parliamentary hearing suggest no digital currency swerve when Fabio Panetta steps down in November
10 / 24 Relevant items tagged with #CBDC
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Bank of Korea and BIS Prepare Wholesale CBDC Pilot
[Oct 7, 2023 4:30 AM] The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank…
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’
[Oct 6, 2023 4:30 PM] Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of…
How will CBDCs be used for political oppression in your country?
[Oct 5, 2023 2:48 PM] Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life.
Argentine Peso Reaches Record Lows After National Digital Currency Push
[Oct 5, 2023 7:30 AM] The Argentine peso reached record lows Wednesday after the economy minister and presidential candidate Sergio Massa proposed issuing a national digital currency. The informal blue exchange rate rose to 850 pesos per dollar, later retracing to 843…
CBDC will improve tax collection — Argentine central banker
[Oct 5, 2023 3:03 AM] Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy.
Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says
[Oct 4, 2023 3:09 PM] The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows.
Bank of Korea to start CBDC infrastructure pilot
[Oct 4, 2023 3:48 AM] The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support.
CBDC lays foundation for new global monetary system: French central bank
[Oct 4, 2023 3:00 AM] The first deputy governor at Banque de France calls central bank digital currency “the catalyst for improving cross-border payments.“
Argentine Economy Minister Sergio Massa Proposes National Digital Currency
EU Plans for Wholesale CBDC Out Within Weeks, French Central Banker Says
[Oct 3, 2023 7:54 AM] A central bank digital currency usable by financial markets is moving faster than a more controversial plan targeting regular citizens
Bank of Russia Digital Ruble Pilot Update: ‘Everything Going as Planned’
[Oct 3, 2023 1:30 AM] The Bank of Russia offered an update about the state of the digital ruble, the Russian central bank digital currency (CBDC), which is currently in a nationwide pilot. Elvira Nabiullina, governor of the Bank of Russia, stated that the pilot was…
Robert Kiyosaki Expects Bitcoin to ‘Become Priceless’ When the Fed Launches Central Bank Digital Currency
Georgia preparing limited live CBDC pilot, considering Ripple among tech providers
[Sep 29, 2023 12:50 PM] As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom.
Cynthia Lummis: Bitcoin Is the Anti-CBDC
[Sep 29, 2023 12:20 PM] Do We Need CBDCs? Bitcoin Backstage with Cynthia LummisIn the world of digital currencies, two terms frequently come up for discussion - Central Bank Digital Currencies (CBDCs) and Bitcoin. Both have gained significant attention in recent years…
China Allows Visitors to Top Up Digital Yuan Wallets with Visa, Mastercard, Cash
[Sep 28, 2023 5:30 AM] Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to replenish a digital yuan wallet through the global…
France, Singapore and Switzerland test cross-border CBDCs
[Sep 28, 2023 3:08 AM] Project Mariana was developed under the aegis of the Bank for International Settlements.
Brazil’s crypto surge prompts central bank to tighten regulation
[Sep 28, 2023 2:25 AM] According to the central bank’s data, from January to August 2023, imports of crypto rose by 44.2% compared with the same period in 2022.
CBDC frameworks must guard user privacy, monetary freedom of choice - BIS chief
[Sep 27, 2023 7:39 AM] BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC user privacy and maintain monetary freedom of choice.
Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief
[Sep 27, 2023 3:10 AM] It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of Bank for International Settlements said.
Central Bank Digital Currency a Threat to Financial Stability — Nigerian Central Bank Study
[Sep 26, 2023 9:30 PM] Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the…
mBridge CBDC project preparing for new members, launch of minimum viable product
[Sep 25, 2023 2:19 PM] The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.
Digital Euro at Least 2 Years Away, ECB’s Lagarde Says
[Sep 25, 2023 8:43 AM] The central banker said she wanted to address “conspiracy theories” about government snooping
US House Committee Passes CBDC Anti-Surveillance State Act With Support of 60 Congress Members
[Sep 22, 2023 6:00 PM] The U.S. House Financial Services Committee has passed the CBDC Anti-Surveillance State Act, the first anti-central bank digital currency legislative effort introduced in the United States. Congressman Tom Emmer detailed that the bill halts the…
Bitcoin's Role in Russia-Ukraine Conflict to Take Center Stage in DC
[Sep 21, 2023 3:54 PM] The Bitcoin Policy Institute, in collaboration with the Cornell Brooks Tech Policy Institute, is set to host a high-profile panel discussion on the theme of "Digital Currencies & Strategic Competition." The event, which promises to be a pivotal…
Redefining Money: America’s digital currency dilemma
[Sep 21, 2023 7:22 AM] As the United States House Financial Services Committee looks to further impede the introduction of a digital dollar, where does this resistance to a CBDC stem from?
US Anti-CBDC bill moves a step closer to passing
[Sep 21, 2023 2:00 AM] The “CBDC Anti-Surveillance State Act,” aimed at preventing the Federal Reserve from issuing a central bank digital currency, has passed the House Financial Services Committee.
International financial group finds gaps in digital euro legislative package
[Sep 20, 2023 3:45 PM] The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking.
US Democrats speak up for CBDC global leadership, Republicans fear ‘dark side’
[Sep 20, 2023 2:00 PM] Despite approaching the issue from vastly different angles, the two sides were able to agree on a few basics as the bill passed out of committee.
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
[Sep 20, 2023 1:52 PM] A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets…