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BIS consultative group proposes retail CBDC architecture

[Dec 19 6:17 PM] According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.

Central banks favor legacy instant payment systems over CBDCs

[Nov 29 7:38 PM] TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions.

Milei Advocates for Crypto Independence: ‘Don’t Let States Take Over’

[Nov 15 6:30 AM] President Javier Milei advocated for maintaining a separation of crypto and state. The Argentine leader stated that private cryptocurrencies might collaborate to end the state monopoly on currency, and rejected CBDCs. Milei Supports Maintaining…

Decentralized future: TON Society co-founder on crypto mass adoption

[Oct 27 1:39 PM] Jack Booth of the TON Society discussed the future of decentralization, the impact of CBDCs, and the path to mass crypto adoption.

CBDCs and crypto should coexist, not compete — CoinDCX co-founder

[Oct 27 11:31 AM] Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.

Swift to Pilot Digital Asset and Currency Transactions in 2025

[Oct 6 11:30 PM] Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital…

Visa unveils platform for tokenized digital asset management

[Oct 3 12:31 PM] Visa revealed a tokenized asset platform in sandbox phase for issuing and managing digital assets, including stablecoins and CBDCs.

Cash Is Still King, Consumers Would Prefer to Use Money Over CBDCs: Deutsche Bank

[Sep 18 2:03 PM] 44% of those surveyed said they would rather use cash then a central bank digital currency and 57% said they would prefer to use a debit or credit card than a CBDC, the bank's survey showed.

UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform

[Sep 16 11:01 PM] Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.

Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions

[Aug 29 11:20 AM] The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will…

If your country has adopted a CBDC, you might be suffering

[Aug 23 5:33 PM] New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.

UAE and UK Accounting Bodies Partner to Shape Digital Finance Future

[Aug 13 11:20 AM] The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the United Arab Emirates (UAE) Banks Federation to help businesses understand and adapt to the digital asset landscape. The partnership aims to support the…

Bitcoin Investors Won’t Sell BTC Even if Price Drops to $3K, Peter Schiff’s Poll Shows

[Jul 26 6:30 PM] Gold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed…

China and Kazakhstan Sign CBDC Collaboration Agreement

[Jul 12 8:35 PM] The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan…

Ignoring quantum threats in CBDC design is reckless

[Jul 12 11:01 AM] The real threat of a CBDC lies in quantum computing vulnerabilities. Developing a quantum-resistant design should be a priority for the United States.

Bahamians didn't want CBDCs — So now they're being forced to use them

[Jul 11 1:37 PM] Regulators in the Bahamas are sick of their citizens' reluctance to adopt a CBDC, so they're forcing commercial banks to get on board.

Taiwanese Central Bank to Test CBDC, Not Race to It

[Jul 8 12:35 AM] Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international competition, and being the first to launch does not guarantee success. He disclosed that the Central Bank of the Republic…

'Privacy-minded' CBDCs are a wolf in sheep’s clothing

[Jun 24 4:22 PM] CBDC developers have made little progress in developing products capable of "preserving privacy," and government is not complaining.

Swiss National Bank and SDX Delve Deeper Into CBDCs, Tokenized Securities

[Jun 20 5:33 AM] The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

[Jun 19 6:31 PM] The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies…

IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency

[Jun 19 1:21 AM] Central bank digital currencies (CBDCs) may not be essential to achieving intended policy goals, instead addressing underlying constraints and improving other digital payment systems may be a more practical alternative, a survey of 19 central banks…

BIS Survey: 94% of Central Banks Exploring Digital Currency

[Jun 14 9:35 PM] The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies…

More Central Banks Are Exploring a CBDC, BIS Survey Finds

[Jun 14 5:08 AM] There's a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.

BIS inaugurates Toronto Innovation Centre with Bank of Canada

[Jun 14 2:30 AM] Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements.

CBDCs' threat to freedom put under the microscope at Oslo conference

[Jun 11 2:34 PM] Attendees of the 2024 Oslo Freedom Forum were united in addressing the threat that central bank digital currencies (CBDCs) pose to freedom around the globe.

U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

[Jun 6 7:35 AM] Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.

BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement

[Jun 4 2:27 AM] In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange…

China and UAE Praise Potential Role of CBDCs in Cross-Border Trade

[Jun 2 11:10 PM] China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening…

Ripple Report: Crypto and CBDCs Transforming Global Payments

[May 31 3:16 AM] Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital…

Israel to Start Digital Shekel Challenge to Develop Payment Use Cases

[May 29 6:26 AM] Israel's central bank is launching a challenge on the use of a central bank digital currency in payments as part of an "action plan for a possible issuance of the digital shekel."