1 / 5 Relevant items tagged with #CBDCs

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

[yesterday 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."

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

[May 23 12:37 PM]

‘Open-source’ CBDCs aren’t going to protect you from government

[May 10 4:59 PM] Opinion: From Brazil to Norway, there is plenty of evidence that governments are planning to use CBDCs to abuse their people.

Fatal Flaws in Modern Monetary Theory

[May 10 8:06 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…

CBDCs, stablecoins must ensure liberty-based values — former CFTC chair

[May 8 8:17 AM] J. Christian Giancarlo has stressed the importance of upholding values of liberty, privacy and economic freedom in a keynote address in London.

Crypto leaders should stop flirting with CBDCs

[May 2 3:55 PM] Cryptocurrency enthusiasts largely oppose CBDCs — but industry leaders including Consensys, Ripple and Stellar are throwing their weight behind them.

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements

[Apr 22 9:33 PM] Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection…

Latam Insights: Paraguay Targets Bitcoin Miners, Brazil Mulls Crypto Taxation Changes

[Apr 7 9:42 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency mining, Brazil to change crypto taxation…