18 / 25 Relevant items tagged with #Cbdc

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China to expand CBDC use case for Belt and Road Initiative

[Apr 24, 2023 7:11 AM] China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC.

Zimbabwe to Introduce Gold-Backed Digital Currency: Report

[Apr 24, 2023 3:23 AM] The country's central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency's volatility.

Chinese city public servants to receive digital RMB salaries from May

[Apr 23, 2023 2:44 AM] Civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment.

Russia to Work With Digital Currencies of Other Nations

[Apr 23, 2023 12:30 AM] The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already…

Foreign trade and pensions: What’s next for Russia’s CBDC project?

[Apr 20, 2023 7:23 AM] The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024.

European Parliament report recommends researching, but not launching, digital euro

[Apr 19, 2023 1:30 PM] A European economist has found that a digital euro would be a problem without a solution; just wait and see, he suggested.

Belarus to decide on issuing CBDC by year’s end: National bank chair

[Apr 19, 2023 11:02 AM] Chairman of the Belarusian national bank Pavel Kallaur said a decision on a CBDC would be made “at the level of head of state” after consultations.

EU Lawmakers Skeptical on Digital Euro Plans

[Apr 19, 2023 9:44 AM] Members of the European Parliament seem nonplussed as they are set to consider legislation for a central bank digital currency.

BIS, Bank of England conclude DLT settlements pilot

[Apr 19, 2023 3:59 AM] The insights of Project Meridian would be used by the Bank of England in its real-time gross settlement system.

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

[Apr 19, 2023 1:30 AM] The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said.

US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’

[Apr 18, 2023 2:00 PM] Federal Reserve Board governor Michelle Bowman discussed a potential U.S. CBDC in a speech at Georgetown University.

Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel

[Apr 18, 2023 2:13 AM] The bank made it clear that no decision has yet been made on issuing a central bank digital currency.

Hong Kong's Central Bank Digital Currency Could be On Permissioned Blockchain: Source

[Apr 17, 2023 11:18 PM] At least one bank is leaning towards developing it on a permissioned blockchain.

Israel’s central bank says CBDC could be issued if stablecoin use increases

[Apr 17, 2023 10:28 PM] The Bank of Israel does not want private companies taking over the digital payments system in the country.

Bank of England preparing for greater role of tokenization in finance, official says

[Apr 17, 2023 3:30 PM] BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation.

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

[Apr 15, 2023 3:30 PM] Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He…

IMF to publish CBDC handbook in response to increasing demand for guidance

[Apr 13, 2023 3:00 PM] The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries.

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple

[Apr 13, 2023 5:30 AM] Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a…

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.