15 / 25 Relevant items tagged with #CBDC

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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…

EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee

[Jun 28, 2023 4:29 AM] Officials want a digital payment system available to “everyone, everywhere, for free.”

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

[Jun 27, 2023 4:00 AM] The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology.

Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report

[Jun 26, 2023 3:54 PM] Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; bank still feels “prudent” about a retail CBDC, though.

How could the Chinese economic crisis impact Bitcoin and crypto?

[Jun 26, 2023 7:00 AM] Cointelegraph analyst and writer Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market.

Latam Insights — IMF States Latam’s CBDC Interest Rises, Lula Emphasizes Bretton Woods Institutions ‘No Longer Function’

[Jun 25, 2023 7:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the International Monetary Fund (IMF) reports interest in central bank digital currencies (CBDC) in Latam…

Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

[Jun 23, 2023 2:27 PM] The approved consortium includes Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners.

Crypto Ban May Not Be Best Approach to Balance Risk, Demand: IMF

[Jun 23, 2023 4:17 AM] The IMF recommended that countries focus on addressing the drivers of crypto demand and unmet digital payment needs in a post.

Issuing digital euro, or ‘Cash+,’ is probably a duty, French central banker says

[Jun 22, 2023 2:15 PM] François Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDC’s advantages.

Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials

[Jun 21, 2023 8:26 AM] The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.

Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

[Jun 21, 2023 4:30 AM] A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of…

Digital Euro: The Bill Is Ready but Politicians Aren’t Convinced

[Jun 21, 2023 2:00 AM] A plan to legislate for the central bank digital currency may still be on track for publication, but there is still significant political skepticism about the purpose.

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.