18 / 24 Relevant items tagged with #CBDC

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Swedish Riksbank report looks at collaboration with potential e-krona in retail payments

[Apr 12, 2023 1:00 PM] The Swedish central bank’s third report on a potential CBDC raised several issues while focusing on a rather narrow question.

US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil

[Apr 11, 2023 8:00 AM] On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against…

Montenegro's Central Bank to Develop CBDC Pilot With Ripple

[Apr 11, 2023 3:46 AM] The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation.

Ripple, Montenegro sign deal on project for unspecified national digital currency

[Apr 11, 2023 2:00 AM] The deal, teased in January, could create a national digital currency for a country that now uses the euro.

Presidential hopefuls RFK Jr. and Ron DeSantis rail against FedNow

[Apr 10, 2023 10:06 PM] The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

[Apr 9, 2023 11:30 PM] Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon…

‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

[Apr 9, 2023 7:34 AM] The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is…

Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency

[Apr 8, 2023 1:30 PM] Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this…

Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny

[Apr 7, 2023 6:30 PM] Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve’s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned…

White House hopeful RFK Jr. says instant payments may lead to ‘financial slavery’

[Apr 6, 2023 12:30 PM] President John F. Kennedy's nephew also worries that the government will seize the public’s Bitcoin.

India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

[Apr 6, 2023 4:25 AM] Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.

ANZ Bank Completes Carbon Credits Trading as Part of Australia's CBDC Pilot

[Apr 5, 2023 11:59 PM] Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia's central bank digital currency (CBDC) pilot.

Peru considering CBDC to improvement payment system: Former IMF adviser

[Apr 5, 2023 3:59 PM] The Central Reserve Bank of Peru has released a report on the development of a central bank digital currency and promises more reports as its research continues.

ANZ bank completes Australian CBDC use case for carbon credit trading

[Apr 5, 2023 12:00 PM] The first Australian dollar-backed stablecoin was used with Australian CBDC support to trade carbon credits with Grollo Carbon Ventures.

‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO

[Apr 5, 2023 2:30 AM] Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber…

Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism

[Apr 3, 2023 8:30 AM] Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with…

Central African Republic's Sango Project announces delay of token listing

[Mar 31, 2023 3:15 PM] The project has marketed Sango Coin to interested parties by offering pathways to CAR citizenship through investments.

‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

[Mar 31, 2023 12:30 PM] Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical…

Russia talks up prospects of BRICS countries developing new currency

[Mar 30, 2023 11:50 PM] A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency.

Japan plans to form expert panel to explore digital yen: Report

[Mar 30, 2023 1:03 PM] The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years.

Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

[Mar 30, 2023 3:40 AM] Digital regulatory professionals have predicted the wide use of stablecoins throughout the world by the year 2030, despite the current competition between TradFi and DeFi

Report: UAE Central Bank Implements Digital Currency Strategy

[Mar 29, 2023 2:30 AM] The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and…

Russia delays digital ruble launch testing due to lawmaking process

[Mar 29, 2023 2:18 AM] The participating banks expressed their readiness to proceed with the CBDC pilot.

Ted Cruz and Ron DeSantis take on the ‘digital dollar’: Law Decoded, March 20–27

[Mar 27, 2023 12:30 PM] Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency.

G7 to collaborate on tighter crypto regulation: Report

[Mar 26, 2023 12:03 PM] Leaders from Japan, the United States, the United Kingdom, Canada, France, Germany, and the European Union are expected to outline a global cooperative strategy for digital assets in May.

Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

[Mar 24, 2023 1:30 PM] The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone.

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

[Mar 24, 2023 8:00 AM] The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely…

UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024

[Mar 24, 2023 1:12 AM] The United Arab Emirates expects to complete the first phase of its central bank digital currency strategy over the next 12 to 15 months.

The world could be facing a dark future thanks to CBDCs

[Mar 23, 2023 3:30 PM] From forcing people to spend their money to making them save it, central banks around the world could soon use CBDCs to create a dystopian nightmare.

Bank profits at risk from potential CBDC transformation of global economy: Moody’s

[Mar 23, 2023 3:30 PM] CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking.