1 / 5 Relevant items tagged with #CentralBankDigitalCurrency
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BIS consultative group proposes retail CBDC architecture
[Dec 19, 2024 6:17 PM] According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.
Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker
[Nov 22, 2024 11:38 AM] The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.
Pakistan moves to regulate cryptocurrency, CBDCs as legal tender
[Nov 4, 2024 5:12 PM] The proposed amendments would allow for sweeping changes to the country’s financial sector.
Bank of Canada just says no to retail CBDC in reshuffling of priorities
[Sep 20, 2024 9:55 PM] Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
North Carolina resists the CBDC tide with new payments ban
[Sep 13, 2024 2:00 PM] A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal.
India amasses 5M central bank digital currency users
[Aug 26, 2024 12:44 PM] India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions.
RBI Report Highlights India’s Central Bank Digital Currency Development
[Aug 21, 2024 6:30 AM] India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC…
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
[Aug 16, 2024 2:30 AM] Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and…
Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027
[Aug 9, 2024 6:39 PM] The small Central Asian country is currently taking public comments on its framework legislation.
India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses
[Aug 1, 2024 11:20 AM] India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized…
US Senator Discusses Trump’s Bitcoin Plan and National BTC Stockpile
[Aug 1, 2024 3:30 AM] U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes…
Bank of England to experiment with wholesale CBDC, synchronization
[Jul 30, 2024 6:47 PM] The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC.
Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
[Jul 30, 2024 11:30 AM] Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the…
Philippines Plans to Introduce Wholesale CBDC by 2029
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
[Jul 24, 2024 10:31 PM] The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs…
China and Kazakhstan Sign CBDC Collaboration Agreement
[Jul 12, 2024 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…
Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move
[Jul 10, 2024 9:20 PM] The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major…
France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives
[Jul 8, 2024 6:30 PM] The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s…
North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
Bahamas to Mandate Banks to Distribute Central Bank Digital Currency
[Jul 2, 2024 10:29 PM] The Bahamas, the first country to issue a central bank digital currency (CBDC) called the Sand Dollar, is preparing regulations to mandate commercial banks to provide access to the e-money to boost adoption. Central Bank Governor John Rolle…
North Carolina Passes Bill to Block State Participation in Federal CBDC Testing
AI makes it even easier for governments to surveil you — Nym CEO
[Jun 26, 2024 5:05 AM] Nym CEO Harry Halpin tells The Agenda podcast that artificial intelligence makes it easier than ever to conduct surveillance against activists and dissidents.
India’s Digital Rupee Usage Drops Drastically After Initial Surge
[Jun 25, 2024 8:35 PM] India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI)…
Digital Euro Holding Limit: Debate Continues
Iran Officially Unveils Central Bank Digital Currency Project
[Jun 24, 2024 8:40 PM] Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued…
Iran Launches Digital Rial Pilot on Kish Island
[Jun 20, 2024 10:07 PM] The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to…
Iran to launch public CBDC pilot in June
[Jun 19, 2024 4:57 AM] Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between buyers and sellers.
Ripple Working With 10 Governments Globally, CEO Reveals in Rediscovered Interview
[Jun 18, 2024 6:28 PM] In a resurfaced video clip, Ripple CEO Brad Garlinghouse stated that his crypto firm is collaborating with around 10 governments globally on central bank digital currencies (CBDCs). “A central bank digital currency is a stablecoin…
Ethiopia takes first step toward CBDC in economic reform
[Jun 17, 2024 3:24 PM] The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.”