15 Retail CBDCs Likely by 2030, BIS Study Says
[Jul 10, 2023 3:00 AM] A survey conducted by the Bank for International Settlements found 93% of central banks worldwide were engaged in digital currency work in 2022.
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Ripple Head Of Policy Calls For UK To Join Global Trend Of CBDC Adoption
[Jul 7, 2023 3:30 PM] In an interview with the Digital Pound Foundation, Ripple Head of Policy Susan Friedman shared her positive outlook on London’s potential as a crypto hub, highlighting its dedication to developing ecosystems for crypto assets and Central Bank…
BIS develops framework against CBDC cyberattacks
[Jul 7, 2023 1:20 PM] The institution cited rising exploits against DeFi as a need for more secure CBDCs.
Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments
[Jul 6, 2023 10:11 AM] Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday…
Singapore Bank DBS Starts e-CNY Collection Platform
[Jul 5, 2023 1:36 AM] The newly launched merchant collection solution allows businesses automated settlement of e-CNY into their CNY bank deposit accounts.
New Zealand Is Not Exploring Crypto Regulation, but Recommends Increased Vigilance
[Jun 30, 2023 4:53 AM] After receiving 50 submissions as part of a consultation process, the Reserve Bank of New Zealand (RBNZ) has said it won't propose a regulatory approach towards stablecoins and crypto-assets.
IMF Advances Global Central Bank Digital Currency Platform For International Transactions
[Jun 20, 2023 6:30 AM] The International Monetary Fund (IMF) is actively developing a global platform for CBDCs to facilitate seamless transactions across borders, announced IMF Managing Director Kristalina Georgieva at a conference in Rabat, Morocco. Georgieva…
IMF Official Presents Blueprint for Cross-Border CBDCs
[Jun 19, 2023 7:00 AM] The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls.
Quant Soars 20% After Partnership With Bank Of England, BIS For CBDC Project
[Jun 18, 2023 8:50 AM] The native currency of Quant, a blockchain platform that helps financial institutions incorporate digital currencies into their businesses, on June 15 soared 20% following its partnership announcement with the Bank of England for Project Rosalind…
Russia to Trial Digital Asset Settlements in Foreign Trade
[Jun 16, 2023 11:30 PM] Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while…
IOHK’s Charles Hoskinson Warns of CBDC Agenda and Potential Dystopian Future Amid Binance Lawsuit
Follow The Trends: Bitcoin Is On The Path To Becoming The Money Of The Future
[Jun 6, 2023 6:00 AM] This is an opinion editorial by Didar Bekbauov, the founder and CEO of Bitcoin miner hosting company Xive.The financial industry as a whole is continually shifting toward the digital space, with the global digital payments market generating almost…
Kenya Central Bank Takes Ambivalent Stance on Digital Currency
[Jun 2, 2023 10:01 AM] The allure of the CBDC is fading and issuing one "may not be a compelling priority," the bank said.
Welcome, Crypto, to the Fiery Cauldron of U.S. Presidential Politics
[May 31, 2023 2:24 PM] Whether the crypto industry wants the spotlight or not, digital assets are among the earliest talking points in the 2024 U.S. presidential election, with the most prominent of the new candidates even invoking bitcoins in his campaign opener as…
European Commission To Present Regulatory Framework For Digital Euro In June
[May 28, 2023 4:53 AM] Fabio Panetta, a member of the Executive Committee of the European Central Bank (ECB), recently announced that the European Commission would be presenting a legislative proposal for the digital euro in June. He further stated that the next steps…
U.S. Presidential Candidate Ramaswamy Takes Potshot at DeSantis Bitcoin Remark
[May 25, 2023 3:19 PM] The largest cryptocurrency is suddenly a talking point in the 2024 race, after Florida Governor Ron DeSantis declared he would “protect the ability to do things like Bitcoin” during the launch of his campaign on Twitter on Wednesday.
Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
[May 17, 2023 8:30 AM] The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions.
G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week
[May 15, 2023 4:45 AM] Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.
Former DoJ Kennedy Jr, Laments on Global Financial Censorship, Shows Support For Bitcoin
[May 5, 2023 1:30 PM] The former US Department of Justice Attorney General Robert Francis Kennedy Jr, recently lamented the growing financial censorship worldwide and showed support for Bitcoin. The financial censorship of political enemies is something we’re used to…
North Carolina House Passes Bill Prohibiting State Payments With CBDCs
[May 4, 2023 3:25 PM] Now headed to the state Senate, HB690 rectifies language that previously encompassed Bitcoin in its goal of restricting CBDC usage.The North Carolina House of Representatives has unanimously passed House Bill 690, which prohibits the use of central…
The Reactionary Political Theater of CBDC Bans
[May 4, 2023 12:38 PM] The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.
Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue
[May 4, 2023 9:01 AM] The U.S. has no plans to issue a digital dollar. So why are so many politicians coming out against the idea?
RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race
[May 3, 2023 1:33 PM] Robert F. Kennedy Jr., the latest presidential candidate from one of the most famous U.S. political families, is introducing a number of crypto issues in his newly announced campaign to challenge Joe Biden.
In the 'Stablecoin Olympics,' No Winner Will Take All
[May 3, 2023 12:42 PM]
Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
[May 3, 2023 8:20 AM] Modern payments tools may eventually compete with banks. But is there a place for tokenized bank deposits and central bank digital currencies in DeFi?
Ron DeSantis Vows to Prohibit CBDC, ‘Woke Politics,’ and ‘Financial Surveillance’ in Florida
[May 2, 2023 7:30 PM] Florida governor Ron DeSantis reiterated his call for a ban on central bank digital currencies (CBDCs) during a visit to Jacksonville on Tuesday. Last March, DeSantis pushed for legislation to prohibit a CBDC in Florida. At Tuesday’s event called…
The U.S. Should Lead the Digital Future of Money
[Apr 27, 2023 8:52 AM] In his speech to CoinDesk’s Consensus festival yesterday, the head of the non-profit Digital Dollar Project says a U.S. central bank digital currency is too important to be left to central bankers to design. Money is a social issue requiring…
Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade
[Apr 25, 2023 2:00 PM] After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to…
Stablecoins must be programmable to counter CBDCs
[Apr 24, 2023 4:07 PM] Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies.
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…