15 / 24 Relevant items tagged with #CBDC

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IMF Working on Platform to Support CBDC Cross-Border Interoperability

[Jun 20, 2023 11:30 PM] The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF…

BIS releases unified-ledger proposal for cross-border, tokenized asset transactions

[Jun 20, 2023 12:00 PM] Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.

EU Commission’s Digital Euro Bill Back on Track for June 28, Lead Official Says

[Jun 20, 2023 11:47 AM] The European Commission is back on track to publish legislation on a digital euro on June 28, after the controversial topic was previously removed from the executive’s agenda, the bloc’s lead financial services official said on Tuesday.

IMF Advances Global Central Bank Digital Currency Platform For International Transactions

[Jun 20, 2023 6:30 AM] The International Monetary Fund (IMF) is actively developing a global platform for CBDCs to facilitate seamless transactions across borders, announced IMF Managing Director Kristalina Georgieva at a conference in Rabat, Morocco.  Georgieva…

Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

[Jun 20, 2023 5:00 AM] “This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.

Tokenization Could Be a $5T Opportunity Led by Stablecoins and CBDCs: Bernstein

[Jun 20, 2023 12:46 AM] About 2% of global money supply, via stablecoins and CBDCs, could be tokenized over the next five years, which is about $3 trillion, the report said.

Fear of a digital euro prompts Slovakia to add cash rule to constitution

[Jun 19, 2023 2:00 PM] Slovakia’s parliament passed a measure to amend its constitution to codify the right of its citizens to pay for goods and services with cash.

IMF envisions ‘new class’ of cross-border payment platform with single ledger

[Jun 19, 2023 11:30 AM] The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.

EU Legislation for Digital Euro Is Put on Hold: Source

[Jun 19, 2023 7:45 AM] A bill covering privacy and distribution of the central bank digital currency, originally scheduled for June 28, will be delayed

‘Britcoin’ launch inches closer after Project Rosalind CBDC tests

[Jun 18, 2023 11:29 PM] A major study between the BIS and the U.K. central bank found a retail CBDC could make peer-to-peer payments cheaper and easier.

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

[Jun 16, 2023 3:00 AM] An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.

XRP Price Projection: Assessing The Ripple-Colombia Central Bank Partnership

[Jun 16, 2023 1:12 AM] To improve the country’s high-value payment system, Colombia’s central bank is experimenting with Ripple’s new end-to-end central bank digital currency technology. How will this collaboration affect the price of XRP? On Thursday…

Ripple partners with Colombia’s central bank to explore blockchain technology

[Jun 15, 2023 12:00 PM] The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public.

EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability

[Jun 15, 2023 4:34 AM] The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says.

CBDC ’human rights’ tracker revealed at Oslo Freedom Forum

[Jun 14, 2023 3:00 PM] A pro-Bitcoin nonprofit says it will flag potential civil liberty concerns as more countries are expected to develop CBDC technology.

Privacy should be considered in ‘potential retail CBDC’ — Treasury official

[Jun 13, 2023 10:12 PM] U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity.

U.S. Treasury Examining How Using Digital Dollars Could Be Kept Private

[Jun 13, 2023 10:44 AM] As the Treasury Department studies a possible central bank digital currency, senior official Graham Steele says the effort is looking at privacy, but is also wary of CBDC run risks.

Majority of Americans Hesitant to Embrace Central Bank Digital Currency, Survey Finds

[Jun 13, 2023 5:30 AM] A recent poll conducted by the Cato Institute and public opinion firm Yougov reveals that the majority of Americans are hesitant to adopt a central bank digital currency (CBDC). The findings indicate that support for a CBDC remains relatively low…

Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

[Jun 12, 2023 2:00 PM] The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.

Bitmex Group CEO: US Crypto Crackdown May Drive Top Talent to ‘Markets With More Regulatory Certainty and Lower Risk’

[Jun 9, 2023 5:30 PM] Unlike in the United States where authorities are cracking down on the crypto industry, the regulations governing the industry are “more clearly defined and commercially viable in markets like Hong Kong, Singapore, and the UAE,” Stephan…

Hong Kong Monetary Authority to Prepare for Retail CBDC

[Jun 9, 2023 4:26 AM] The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD.

Kenyan Central Bank: CBDC Not a Priority ‘in the Short to Medium Term’

[Jun 6, 2023 3:30 AM] The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by…

Privacy Concerns Dominate CBDC Discussion at Consensus 2023

[Jun 5, 2023 8:16 AM] Some Consensus 2023 participants argue that the economic benefits of CBDCs are not worth the threats to privacy in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.

CBDC ‘may not be a compelling priority,' says Kenya’s central bank

[Jun 2, 2023 12:25 PM] The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.

Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area

[Jun 1, 2023 3:48 PM] With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.

US Lawmakers Introduce Bill to Halt Federal Reserve’s Digital Dollar Testing, Citing Concerns for American Liberties

[May 31, 2023 7:30 PM] U.S. lawmakers have introduced a bill to prohibit the Federal Reserve from “establishing, carrying out, or approving a program intended to test the practicability of issuing” a central bank digital currency (CBDC). “CBDCs would threaten the…

Microsoft’s CSO says AI will help humans flourish, cosigns doomsday letter anyway

[May 31, 2023 3:00 PM] Eric Horvitz penned a blog post lauding the transformative nature of AI on the same day he cosigned a document warning it could threaten humanity’s very existence.

ECB Finalizes Digital Euro Prototypes as Development Decision Looms

[May 30, 2023 3:37 AM] The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.

Japan launches digital yen pilot project after second successful proof of concept

[May 29, 2023 10:37 AM] With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback.

European Commission To Present Regulatory Framework For Digital Euro In June

[May 28, 2023 4:53 AM] Fabio Panetta, a member of the Executive Committee of the European Central Bank (ECB), recently announced that the European Commission would be presenting a legislative proposal for the digital euro in June. He further stated that the next steps…