12 / 24 Relevant items tagged with #CBDC

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Only 2 % of Russians Ready to Keep All Their Savings in Digital Ruble: Poll

[Aug 27, 2023 3:30 AM] While over half of Russians are willing to put some money into their nation’s digital ruble, only 2% say they would keep all their savings in it. Insufficient information and fear of system failures are among the biggest factors turning people away…

Only 17% of Russians would agree to store more than $200 in CBDC

[Aug 25, 2023 5:13 AM] The most common hindrances cited include insufficient information about the technology (22%) and concerns about cybertheft and system failures (21%).

CBDCs offer faster settlements: Citi survey of global securities firms

[Aug 23, 2023 2:31 AM] The year-on-year growing support CBDCs is supported by ongoing domestic pilots and cross-border initiatives in various jurisdictions, banking giant Citi found.

Australia's CBDC Likely Some Years Away, Central Bank Says

[Aug 23, 2023 12:23 AM] Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues.

Mastercard Launches CBDC Partner Program

[Aug 22, 2023 5:30 AM] Mastercard, the credit behemoth, announced the launch of a new program to widen its understanding of central bank digital currency (CBDC) and its possible applications. The CBDC Partner Program will be integrated by Ripple, Consensys, Fluency…

Mastercard Partners With Ripple, But XRP Falls Below Pre-SEC Ruling Levels

[Aug 18, 2023 1:00 AM] In a significant move signaling the growing importance of Central Bank Digital Currencies (CBDCs) in global financial systems, Mastercard has announced a strategic partnership with several blockchain companies, including Ripple. Meanwhile, the XRP…

Ripple, ConsenSys participate in Mastercard program to promote CBDC innovation

[Aug 17, 2023 3:30 PM] The payment processor has enlisted a range of market players in its quest for innovation and efficiencies in a technology that 93% of central banks are investigating.

Colombia central bank recommends limiting CBDC holdings and spending

[Aug 17, 2023 7:28 AM] Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia.

US Congressman Warren Davidson: ‘Banning CBDC Is Essential to America’s Fintech Future’

[Aug 16, 2023 1:30 AM] U.S. Congressman Warren Davidson has railed against central bank digital currencies (CBDC), stating that enacting a ban on these instruments is “essential” for the future of the fintech industry in America. Davidson explained that many…

Your Financial Privacy Is Under Attack: How State-Sponsored Attacks On Bitcoin Are Growing

[Aug 15, 2023 6:00 AM] This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate and Mandela Washington fellow.Throughout American economic history, there has been a constant drive toward centralization, as evidenced by the many attempts to establish…

Mbridge Project Has Observers Worried About Advances of the Digital Yuan

[Aug 15, 2023 2:30 AM] The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping…

Zimbabwe central bank close to introducing gold-backed digital tokens into retail

[Aug 14, 2023 1:25 PM] Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation.

CBDCs: The Ultimate Corruption Of Money

[Aug 14, 2023 6:00 AM] This is an opinion editorial by Josef Tětek, a Bitcoin analyst at Trezor.Imagine this: It’s payday but before the money reaches your account, someone else has already decided what you’ll spend your money on — one third of your paycheck on housing�

Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’

[Aug 12, 2023 11:30 PM] The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.” According to the bank’s governor, the gold-backed digital tokens have already proven to be an effective…

CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns

[Aug 11, 2023 12:00 AM] The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a…

Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada

[Aug 10, 2023 11:07 PM] A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC.

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase

[Aug 9, 2023 10:53 AM] The Bank of England has also started recruiting for its central bank digital currency engagement forum.

Russia to begin CBDC trials with 13 banks

[Aug 9, 2023 7:43 AM] According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.

Russia to Test Digital Ruble With Banks, Clients

[Aug 9, 2023 6:28 AM] The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15.

Japanese startup to use stablecoins and CBDC to link Asian countries

[Aug 8, 2023 7:37 AM] Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia.

Brazilian CBDC gets official name and logo

[Aug 8, 2023 3:45 AM] Previously commonly referred to as “digital real”, Brazilian central bank digital currency gets its official brand name.

Latam Insights — Honduras Opens Public CBDC Consultation, Venezuela Applies to Enter BRICS

[Aug 6, 2023 11:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Honduras opens a central bank digital currency (CBDC) consultation, Venezuela applies officially to join…

CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale

[Aug 4, 2023 3:45 PM] The crypto asset manager took a look at the leading U.S. presidential candidates’ positions and did not see a partisan divide.

Bank of Russia reveals digital ruble’s logo and commission fees

[Aug 4, 2023 2:11 AM] From 2025 business-to-business transactions will cost $0.16 each, while individual customers will pay 0.3% of the total transaction sum when transferring to commercial accounts.

Digital Dollar Project completes CBDC retail remittance pilot with Western Union

[Aug 3, 2023 3:30 PM] The project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost and transparency.

MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform

[Aug 2, 2023 1:15 PM] PARSEC (Parallelized Architecture for Scalably Executing Smart Contracts) runs on the ERC-20 standard, so it could have other applications too.

Nigeria’s SEC warns against trading on Binance

[Aug 1, 2023 3:30 AM] The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal.

Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report

[Jul 31, 2023 8:43 AM] Jeju, Busan and Incheon are in the running to be considered.

South Korea to pilot CBDC in one of these three cities, not Seoul

[Jul 31, 2023 3:50 AM] South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency.

If Bitcoiners Don’t Do More, CBDCs Will Win

[Jul 28, 2023 6:00 AM] This is an opinion editorial by Logan Chipkin, a professional writer who creates educational content about Bitcoin and other topics.In “The Fiat Standard,” economist Saifedean Ammous argues at length that the United States federal government has…