16 / 24 Relevant items tagged with #Cbdc

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CBDCs on the horizon: The current state of CBDC initiatives around the world

[May 23, 2023 10:14 AM] Central bank digital currencies gain traction as countries worldwide engage in their development despite skepticism from the crypto community.

Russian lawmakers propose amendments to digital ruble bill

[May 23, 2023 7:13 AM] The bill could be changed regarding debt operations, services for non-residents and the role of the central bank.

UK Will Need New Laws to Accommodate Future Digital Pound, Lawyers Say

[May 22, 2023 3:44 AM] Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.

Robert Kennedy Jr. to Accept BTC for Campaign Contributions, Says Bitcoin Is an ‘Exercise in Democracy’

[May 19, 2023 5:30 PM] Before taking the stage at the Bitcoin 2023 conference in Miami, U.S. presidential hopeful Robert F. Kennedy Jr. emphasized the democratic nature of bitcoin, calling it an “exercise in democracy.” Additionally, during his Florida…

Speaking At Bitcoin 2023, Tulsi Gabbard Describes How A U.S. CBDC Threatens Freedom

[May 19, 2023 2:32 PM] Former congresswoman and presidential candidate Tulsi Gabbard addressed the audience at Bitcoin 2023 today, focusing on the institutional problems with U.S. politics and elected leaders who seek to consolidate power rather than serve…

NY Fed and MAS publish joint CBDC cross-border payment project results

[May 19, 2023 1:16 PM] The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency.

IMF sees room for eNaira improvement in first year assessment

[May 18, 2023 4:27 PM] The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.

Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform

[May 18, 2023 4:00 AM] The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product.

Ripple Starts Platform for Central Banks to Issue Their CBDCs

[May 18, 2023 4:00 AM] The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot.

Minneapolis Fed president Kashkari weighs in on CBDC: ‘Handwaving word salad’

[May 15, 2023 3:54 PM] When asked about CBDCs during a conference on transportation, Kashkari had a response on the tip of his tongue, and it wasn’t encouraging for CBDC fans.

Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice

[May 15, 2023 12:40 PM] Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion…

G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

[May 15, 2023 10:46 AM] Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye toward quickly implementing the “Travel Rule” for crypto assets.

Bitcoin 2023 Is The Festival Of Humanity We Need As Technology’s Grip Grows Stronger

[May 15, 2023 8:00 AM] This is an opinion editorial by Nozomi Hayase, Ph.D., who has a background in psychology and human development. Disclaimer: Bitcoin 2023 and Bitcoin Magazine are both operated by BTC Inc.With rising inflation and a growing number of bank failures…

Samsung to research South Korea’s CBDC for offline payments

[May 15, 2023 2:25 AM] The collaboration will have both parties researching the offline capabilities of the CBDC issued by South Korea’s central bank.

Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida

[May 12, 2023 6:00 PM] On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids…

Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs

[May 12, 2023 10:58 AM] The new law, signed by Governor Ron DeSantis, also urges other states to take action against the potential introduction of CBDCs through their commercial codes.

BIS issues comprehensive paper on offline CBDC payments

[May 11, 2023 9:30 AM] According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.

With The E-Krona, Sweden Is Attacking The Virtues Bitcoin Is Built To Protect

[May 11, 2023 6:00 AM] This is an opinion editorial by Peter Bistoletti, a Bitcoiner who has lived in Sweden since 1971.Sweden is the nightmare example of a state destroying financial privacy, winning the war on cash and having control of all financial transactions…

Hungarian Central Bank Sees No Imminent Need for e-Forint

[May 10, 2023 5:30 AM] The EU member is still trying out options for a central bank digital currency that could help the unbanked.

BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’

[May 9, 2023 12:30 PM] At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies.

Canada’s central bank asks citizens what they want in a digital dollar

[May 8, 2023 7:15 PM] Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one.

Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

[May 8, 2023 2:20 PM] Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets.

RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’

[May 5, 2023 1:30 PM] The U.S. presidential candidate has added anti-CBDC to his anti-establishment, anti-vaccination repertoire and has gained double-digit support among Democrats.

BNP Paribas teams up with Bank of China to promote digital yuan usage

[May 5, 2023 12:10 PM] The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system.

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

[May 5, 2023 5:50 AM] BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system.

North Carolina House passes bill banning CBDC payments to the state

[May 4, 2023 11:00 AM] The latest version of the legislation included limiting the Federal Reserve from using the U.S. state as a potential testing ground for its own CBDC pilot.

Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate

[May 4, 2023 9:30 AM] In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and Senate have approved the state’s anti-central bank digital currency (CBDC) legislation, dubbed SB 7054. The…

North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State

[May 4, 2023 5:43 AM] The U.S. state's House of Representatives voted 118-0 to pass an amended version of a bill that initially sought to ban crypto payments.

Digitalization won’t displace commercial bank money any time soon: Moody’s

[May 3, 2023 2:21 PM] Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.

Mauritius planning to launch pilot project for retail digital rupee late this year

[Apr 28, 2023 11:08 AM] The governor of the Bank of Mauritius told a meeting of central bank technologists about the development of the island nation’s CBDC ambitions.