19 / 25 Relevant items tagged with #CBDC
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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’
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.
Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo
[Mar 23, 2023 10:06 AM] Political attacks on CBDCs gives a pass to existing government and commercial oversight of financial transactions, says Christopher Giancarlo, cofounder of the Digital Dollar Project.
UAE central bank signs deal for CBDC strategy
[Mar 23, 2023 7:20 AM] The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub.
US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency
Adopting CBDC could destabilize banks, help households, US Treasury study says
[Mar 22, 2023 3:15 PM] When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis.
In Defense of a Digital Dollar
[Mar 22, 2023 2:51 PM] Fears about mass financial surveillance are real with CBDCs, but banning them, as Republicans have recently proposed, will not help. Instead, more research is needed, says Ananya Kumar.
Texas Senator Ted Cruz Introduces Anti-CBDC Bill
[Mar 22, 2023 2:35 PM] Ted Cruz has joined a myriad of politicians in demonstrating their contempt for CBDCs in America — but what about pro-Bitcoin legislation? Texas Governor Ted Cruz has joined a growing group of politicians who have come out in support of anti-CBDC…
Gov. Ron DeSantis, Privacy and the Politicization of the Digital Dollar
[Mar 22, 2023 2:02 PM] The putative presidential candidate’s plan to ban a CBDC at state-level is unworkable constitutionally. But it’s still worrying for the future of money in the U.S., says JP Schnapper-Casteras.
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
[Mar 22, 2023 11:30 AM] According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is…
White House Releases Economic Report On Bitcoin: Here's What They Got Wrong
[Mar 22, 2023 11:11 AM] The latest report from the Biden Administration writes off the benefits of Bitcoin while ignoring the fundamentals and economic activity that give it value.The White House has released the extensive “Economic Report of the President,” which…
GOP Sen. Ted Cruz Proposes Ban on a CBDC
[Mar 22, 2023 9:02 AM] The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Governor Ron DeSantis.
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
[Mar 22, 2023 6:02 AM] The number of eNaira wallets has jumped more than 12-fold to 13 million since October.
Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
[Mar 22, 2023 2:12 AM] The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation.
‘Crypto FUD’ — Industry outraged as White House report slams crypto
[Mar 21, 2023 11:26 PM] The report included 35 pages seemingly aimed at debunking the merits of crypto assets.
IMF examines CBDC design in context of Islamic banking, finds some risks magnified
[Mar 20, 2023 3:44 PM] A central bank digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected.
Florida Gov. Ron DeSantis Proposes Law to Ban CBDCs
[Mar 20, 2023 10:49 AM] The Biden Administration is currently studying the possibility of introducing a central bank digital currency.