15 / 25 Relevant items tagged with #CBDC

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South Korean central bank charts out future course of payment systems, CBDC

[Jul 19, 2023 3:40 PM] The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.

Russian CBDC by 2025? What’s happening with the digital ruble

[Jul 19, 2023 7:01 AM] 2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.

Ripple Expects Business to Pick Up in the US After Landmark Ruling

[Jul 19, 2023 3:30 AM] Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart…

Ron DeSantis Promises to Ban CBDCs if Elected President

[Jul 17, 2023 10:55 AM] DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state.

‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1

[Jul 16, 2023 4:00 AM] Central bank digital currency (CBDC) is a “massive threat” to liberty, Republican Governor of Florida Ron DeSantis is convinced. During an interview with former Fox News host Tucker Carlson, DeSantis vowed to send CBDC “to the ash heap of history”

Ron DeSantis vows to ban CDBCs in the US if elected president

[Jul 15, 2023 10:10 AM] Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the United States if he is elected president.

United Kingdom’s digital pound meets public backlash — Why?

[Jul 14, 2023 7:10 AM] The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

[Jul 12, 2023 10:30 PM] The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the…

Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says

[Jul 12, 2023 5:30 AM] If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted…

Bank of China trials offline payments for digital yuan via SIM cards

[Jul 12, 2023 3:27 AM] The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities.

Russian parliament passes digital ruble bill

[Jul 12, 2023 2:45 AM] The legislation will now move to the upper chamber of the Russian Federal Assembly and, if passed, to the president’s desk.

BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers

[Jul 11, 2023 3:00 PM] G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.

IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms

[Jul 11, 2023 2:45 PM] Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks.

China could benefit from yuan stablecoin over its CBDC - Circle CEO

[Jul 11, 2023 5:56 AM] China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency.

BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

[Jul 10, 2023 3:30 PM] A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.

Research: There could be 24 CBDCs live by 2030

[Jul 10, 2023 5:04 AM] 93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money.

15 Retail CBDCs Likely by 2030, BIS Study Says

[Jul 10, 2023 3:00 AM] A survey conducted by the Bank for International Settlements found 93% of central banks worldwide were engaged in digital currency work in 2022.

Ripple Labs to revolutionize real estate industry through tokenization

[Jul 8, 2023 12:28 AM] This innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform.

NY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDC

[Jul 6, 2023 1:00 PM] The theoretical network would help the dollar maintain its status internationally with “game-changing” improvements in service.

India negotiates cross-border CBDC payments with global central banks

[Jul 5, 2023 4:15 AM] The CBDC aims to enhance the country’s potential for foreign trade with nations that lack U.S. dollar reserves.

Singapore Bank DBS Starts e-CNY Collection Platform

[Jul 5, 2023 1:36 AM] The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.

US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’

[Jul 4, 2023 11:30 PM] Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for…

Former SEC Official Calls CBDC ‘the Most Absurd Financial Idea’ Citing Unnecessary Risks, Privacy, Cybersecurity Concerns

[Jul 4, 2023 5:30 PM] The U.S. Securities and Exchange Commission’s (SEC) former head of internet enforcement has called the creation of a central bank digital currency (CBDC) “the most absurd financial idea in the history of monetary policy.” He warned that a…

EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3

[Jul 3, 2023 2:00 PM] European Union lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community.

FedNow “early adopter” list contains no blockchains, but some may integrate later

[Jun 30, 2023 4:30 PM] Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers.

Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch

[Jun 30, 2023 2:30 PM] In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central…

CBDCs aren't about solving today's problems — Australia's CBDC lead

[Jun 29, 2023 9:21 PM] Dilip Rao, a former Ripple executive who's now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies.

ECB to Start Wholesale CBDC Settlement Trials in 2024

[Jun 29, 2023 3:04 AM] The central bank wants to see innovative interventions in financial markets – but under existing rules.

BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report

[Jun 28, 2023 2:30 PM] Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.

Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan

[Jun 28, 2023 5:30 AM] The Swiss National Bank (SNB) said it plans to issue a wholesale central bank digital currency as a pilot via SIX Digital Exchange, a subsidiary of SIX, an operator of infrastructure for the Swiss and Spanish financial centers. SNB chairman Thomas…