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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[Sep 27, 2023 3:10 AM] It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of Bank for International Settlements said.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…

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.