11 / 24 Relevant items tagged with #CBDC

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Bank of Russia Governor Elvira Nabiullina: ‘Cash Is Not Going Away’

[Sep 18, 2023 11:30 PM] Elvira Nabiullina, Governor of the Bank of Russia, talked about the future of cash in the context of the digital ruble pilot currently being executed in the country. Nabiullina explained that physical money was not disappearing and that the future…

SEC accuses Binance of noncooperation, court unseals case documents: Law Decoded

[Sep 18, 2023 1:05 PM] The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume.

Kazakhstan establishes regulatory agency to implement CBDC

[Sep 18, 2023 2:30 AM] The National Payment Corporation will be responsible for the development of “digital financial infrastructure,” including the implementation of the digital tenge.

US lawmakers advance legislation blocking the digital dollar

[Sep 17, 2023 10:41 AM] On Sep. 20 the House Financial Services Committee will mark up two bills blocking a potential digital dollar in the United States.

American Bankers Association States a CBDC Is ‘Unnecessary’ and Presents ‘Unacceptable Risks’ to the US Financial System

[Sep 16, 2023 4:30 AM] The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is…

SWIFT CBDC Interlinking Solution Enters Beta Testing

[Sep 15, 2023 2:00 AM] The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that…

House Financial Services Comm. witnesses air multiple anti-CBDC arguments

[Sep 14, 2023 12:19 PM] The digital assets subcommittee heard from five opponents of a U.S. CBDC while giving supporters very little time.

Wyoming stablecoin: Are state digital currencies even possible?

[Sep 14, 2023 6:45 AM] The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming.

SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox

[Sep 13, 2023 3:32 PM] The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs.

Rep. Tom Emmer reintroduces anti-CBDC bill to Congress

[Sep 12, 2023 10:11 PM] The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would "undermine the American way of life."

Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

[Sep 12, 2023 3:45 PM] The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs.

Hong Kong-Israel CBDC Project Examines Security, Privacy, Accessibility

[Sep 12, 2023 2:55 AM] Central banks say their new technology can be secure and accessible while promoting privacy

Digital Euro Conspiracy Theories and Privacy Concerns Put EU Central Bankers in the Hot Seat

[Sep 11, 2023 1:00 AM] Officials promise privacy controls for the possible new CBDC, but are less clear how to respond to wilder reactions.

Fed Official: Digital Dollar Decision Still a Long Way Off

[Sep 9, 2023 6:00 PM] The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns…

Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey

[Sep 8, 2023 10:30 PM] Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained…

Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation

[Sep 8, 2023 1:30 PM] Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

[Sep 8, 2023 7:57 AM] The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.

Blockchain could have prevented Nigeria’s naira scarcity — Local experts

[Sep 8, 2023 2:12 AM] According to Christopher Eniayemo, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change.

House committee will reopen discussions on digital dollar in Sept. 14 hearing

[Sep 7, 2023 1:50 PM] Following an August recess, members of the House Financial Services Committee will gather for a “Digital Dollar Dilemma” hearing on Sept. 14.

EU financial chief: Don’t rush digital euro before new Commission in June 2024

[Sep 7, 2023 3:00 AM] Mairead McGuinness believes that the CBDC project should be approached “quietly and slowly” by the next European Commission.

Russian Lawmaker Predicts That Digital Ruble Will Displace Banks

[Sep 6, 2023 4:09 AM] Soon it will be possible to get a loan in the digital ruble and decisions will be made by a robot, Anatoly Aksakov, the head of the State Duma Banking Committee, said in a meeting.

CBDCs will gradually displace private banks, says Russian lawmaker

[Sep 6, 2023 2:21 AM] Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.

Regulated Liability Network identifies proof-of-concept case with digital pound

[Sep 5, 2023 1:47 PM] The RLN, which places tokenized assets and liabilities on the same ledger, was tested with simulated cross-border CBDC transactions in a previous project.

Digital euro can ward off a host of private payment service ills: ECB official

[Sep 4, 2023 2:57 PM] Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said.

Bank of China: Platforms must provide digital yuan retail payment option

[Sep 4, 2023 1:07 AM] In the short term, e-commerce platforms can integrate the CBDC through QR codes.

Digital rupee gets big usability boost through Yes Bank integration with UPI

[Sep 1, 2023 3:30 PM] Yes Bank’s app UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch since December.

IBM offers guidance for successful implementation of digital euro

[Aug 31, 2023 3:34 PM] Five members of IBM Consulting created a list of points that the European Commission could consider to optimize its proposed digital euro legislation.

Controversial Digital Euro Plan to Be Led by Architect of Landmark MiCA Crypto Law

[Aug 30, 2023 10:20 AM] The center-right lawmaker previously negotiated the landmark MiCA crypto law for the European Parliament

Jamaican taxi drivers bullish on accepting Jam-Dex CBDC

[Aug 30, 2023 2:52 AM] Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio.

Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCs

[Aug 28, 2023 4:52 AM] Reliance Industries Ltd. is entering the world of blockchain and central bank digital currencies (CBDCs), its Chairman and Asia's richest man, Mukesh Ambani, announced on Monday.