2 / 5 Relevant items tagged with #CentralBankDigitalCurrency
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Chinese Gang Arrested for Exploiting Digital Yuan
[Jun 15, 2024 3:23 AM] In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency…
Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade
[Jun 14, 2024 5:20 AM] The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade…
Donald Trump Pledges to Champion Bitcoin Mining in Historic Meeting With Industry Leaders
Trump vs Biden: Riot’s Morgenstern Highlights Stark Contrast in Crypto Policies
Germans split on digital euro, most don’t know what it is: Survey
[Jun 4, 2024 7:58 PM] Most Germans have never heard of the digital euro and some who knew of it thought it was a cryptocurrency, a central bank survey found.
Rwanda Develops CBDC to Avoid Falling Behind, Central Bank Deputy Governor Says
[Jun 4, 2024 5:20 AM] Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor…
Qatar Central Bank launches first phase of CBDC project
[Jun 3, 2024 11:39 AM] The small country on the Arabian Peninsula sees CBDC as part of its national development strategy.
Rep. Emmer says crypto is nonpartisan, opponents are ‘fading’
[May 29, 2024 2:39 PM] The House majority whip and crypto advocate thinks the FIT21 may pass in the current Congressional session.
South African Central Bank Opts Against Publishing CBDC Study Findings
[May 28, 2024 9:38 PM] The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study…
Donald Trump’s Crypto Holdings Top $10 Million, Arkham Says
Donald Trump Pledges to Stop Biden’s Anti-Crypto Agenda, Protect Bitcoin, Free Ross Ulbricht
CBDC Anti-Surveillance State Act passes US House in partisan vote
[May 23, 2024 1:36 PM] The potential misuse of the CBDC technology trumped arguments about innovation or even good legal drafting.
World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency
[May 18, 2024 11:36 PM] The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the largest CHF issuance by the World Bank since 2009. It utilizes distributed ledger technology and settles…
China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally
[May 17, 2024 9:45 AM] The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster…
Hong Kong digital yuan pilot lacks P2P capabilities
[May 17, 2024 4:09 AM] While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.
Rwandan Research Paper Recommends CBDC With ‘Partial Pseudo-Anonymity’
[May 8, 2024 9:17 PM] A recent research paper from the National Bank of Rwanda recommends a two-tier, universal, zero-interest central bank digital currency (CBDC) with partial pseudo-anonymity. Although the research paper identifies 15 opportunities for CBDC, only four…
India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor
[May 7, 2024 7:46 PM] India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring…
Reserve Bank of New Zealand Releases Digital Currency Consultation Paper
[Apr 20, 2024 2:47 AM] The Reserve Bank of Zealand has said the proposed digital version of the country’s physical cash would provide universal access to central bank money, either in physical cash or digital form. According to the central bank, the digital version…
Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years
[Apr 10, 2024 9:43 PM] Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial…
Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC
[Mar 18, 2024 10:30 PM] The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch…
Nigerian Central Bank, Real-World Asset Firm Partner to Revive Struggling CBDC
[Mar 9, 2024 3:30 AM] Gluwa, a platform for real-world assets, announced on March 7 its partnership with the Central Bank of Nigeria. The partnership arrangement aims to improve the functionality of the Nigerian central bank’s digital currency and promote financial…
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
[Mar 7, 2024 3:30 PM] Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC…
CBDC Anti-Surveillance State Act Back in the Senate
Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
30 Banks Participating in Russia’s Central Bank Digital Currency Pilot
[Feb 1, 2024 10:30 PM] The number of banks participating in Russia’s central bank digital currency pilot has increased to 30. Seventeen banks have signed an agreement with the Bank of Russia to participate in the digital ruble program. They will join 13 other…
RFK Jr. and Donald Trump Both Vow to Stop the Fed From Issuing US Central Bank Digital Currency if Elected
[Jan 28, 2024 8:30 PM] U.S. presidential candidates Robert F. Kennedy Jr. (RFK Jr.) and Donald Trump have independently promised the American people to stop the creation of a central bank digital currency (CBDC) in the U.S. if elected President. “I will protect…
Bank of England, HM Treasury Respond to Digital Pound Consultation Amid Strong Public Interest
[Jan 26, 2024 11:00 PM] Amidst public interest, the Bank of England and HM Treasury have addressed key concerns regarding the digital pound, reassuring the public of stringent legislative measures for privacy and control, alongside the maintenance of traditional cash. HM…