India and the United Arab Emirates (UAE) have entered into a collaboration on central bank digital currencies (CBDCs), according to the official announcement published on March 15, 2023. The press rel...
Tag: CBDC
Giancarlo– the Crypto Dad Talks of CBDC; Calls them Freedom Coins
Ex-CFTC Chair said the rise of CBDCs is a change to reassess and rebalance current financial surveillance with American constitutional norms, the presumption of innocence and the rule of law. He also ...
Swift: brings together 18 Central Banks
Swift’s CBDC and the 18 banks encouraging its development Swift is implementing the beta version of the Central Bank Digital Currency (CBDC), together with the support of 18 central and commercial ban...
South Dakota Governor Moves To Block CBDC Bill That Excludes Crypto Assets From Definition of Money
South Dakota governor Kristi Noem has vetoed a bill that aims to exclude digital assets from the legal definition of money – with the exception of central bank digital currencies (CBDCs). In an interv...
South Dakota Governor Vetoes Bill Supporting CBDC Over Crypto
South Dakota governor Kristi Noem has vetoed House Bill 1193. The bill changes the definition of money to exclude cryptocurrencies like Bitcoin and includes support of a central bank digital currencie...
Swift Successfully Completed Testing for CBDC Cross-Border Use
Swift’s CBDC sandbox tests with 18 central and commercial banks show clear value in their solution. The solution enables interoperability with CBDC networks and existing systems for cross-border payme...
SWIFT To Move to Phase Two in its CBDC Tests
The firm said it is advancing to the second phase because of the satisfactory results it got from the first phase of trials. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has...
SWIFT Moves To Second Phase Of CBDC Testing After Successful Test Run
– Advertisement – Inter-bank messaging system SWIFT is set to go ahead with the second phase of CBDC testing. The decision was made after positive results in a test run that linked CBDCs ...
CBDC Could Wipe Out Other Cryptocurrencies
U.S. Congressman Stephen Lynch (D-MA) recently voiced his concerns regarding the potential impact of a U.S. central bank digital currency (CBDC) on other cryptocurrencies. Lynch’s concerns are not unf...
Ripple Faces New Challenge as Swift Advances CBDC Cross-Border Testing
Global financial messaging giant Swift has announced progress in its CBDC interoperability solution testing. Swift is working closely with the financial community so that, as CBDCs evolve, they could ...
SWIFT’s CBDC pilot test shows promising results for cross-border payment
On March 9, SWIFT, the global interbank messaging platform, released a statement announcing positive outcomes from their pilot test connecting various Central Bank Digital Currencies (CBDCs). The enco...
SWIFT moves to next phase of CBDC testing after positive results
According to a statement on March 9, bank messaging platform Society for Worldwide Interbank Financial Telecommunications, or SWIFT, disclosed that the financial institution witnessed positive results...
Swift’s phase two CBDC pilot program takes flight
Swift’s phase two CBDC pilot program is set to revolutionize cross-border payments by exploring the potential benefits and challenges of integrating digital currencies with Swift’s platform. Swift, th...
A Comprehensive Guide to Central Bank Digital Currency (CBDC)
Retail CBDC is intended for use by the general public for everyday transactions. CBDC is a cutting-edge technology that has the potential to revolutionize how we conduct business. Digital fiat money, ...
Bitcoin holds firm on strong economic data, while Powell testifies to House discussing CBDC
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Crypto news: Brazil CBDC on Stellar
Recent news in the crypto world: the Brazilian Central Bank has launched a pilot test of its digital currency, the Digital Real, on the Stellar blockchain. The move should make digital payments more a...
BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model – Bitcoin News
The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central ba...
Brazil Begins CBDC Pilot With Public Use Scheduled for 2024: Report
The Central Bank of Brazil has commenced testing of its central bank digital currency (CBDC) project, expected to foster an increased inclusion of individuals in the financial sector. Also, the Thaila...
RBI Says, CBDC Is an Alternative for Cryptocurrency
26 seconds ago | 2 mins read Defi News The Executive Director of the RBI let out glimpses of the CBDC plan. 50,000 users and 5,000 merchants at present are for real-world testing. Ajay Kumar Choudhary...
China’s WeChat starts accepting CBDC payments
Ad China’s most popular social networking application WeChat expanded its payment options by adding the country’s Central Bank Digital Currency (CBDC), according to Forkast News. WeChat’s payment arm,...
Brazil to Launch Experimental CBDC to Ensure More Secure & Private Customer Usage
Brazil recently launched the experimental phase of its CBDC project, with plans to see adoption by the end of 2024. The central bank of Brazil has officially launched its experimental central bank di...
BIS Concludes Exploration On Retail CBDC Project
The Bank for International Settlements (BIS) has wrapped up its exploration of a project related to international payments using CBDC. Project Icebreaker Concludes The Bank for International Settleme...
CBDC: Central Banks Conclude Groundbreaking Study On Use Cases For Digital Currencies
Central banks around the world are exploring the possibility of issuing central bank digital currencies, or CBDC, as a digital version of their national currencies. The study on CBDC is centered on un...
Central Bank of Brazil announces experimental CBDC
Reuters said the Brazilian central bank has formally launched its CBDC experiment. The bank has specifically announced the beginning of its digital currency pilot project to imitate the success displa...
BIS Concludes “Ice Breaker” Trial For Cross-Border CBDC Implementation
BIS finalized tests on Project Icebreaker in collaboration with Israel, Norway, and Sweden. The exercise tested the technical feasibility of cross-border, cross-currency transactions with different re...
Ripple Advisor Reveals Updates on Private XRP Ledger and CBDC Projects
As Ripple nears its final decision, it continues to make headlines. Every other day, there have been updates. Since the beginning of the case, the XRP community has been kept in the loop. A few indivi...
Stablecoins have plentiful machine-payment use cases in absence of euro CBDC: Report
Europe could lead the world in developing the Internet of Things (IoT) by harnessing the potential of stablecoins, the Digital Euro Association argues in a new report. Machine-to-machine (M2M) payment...
Nigerians’ Rejection of Their CBDC Is a Cautionary Tale for Other Countries
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BIS proposes new cross-border CBDC payment system
According to research from the Bank of International Settlements (BIS), a transnational system that connects digital currencies issued by central banks would make it possible to make worldwide cheaper...
BIS successfully completes retail CBDC pilot called Project Icebreaker
Ad The Bank for International Settlements (BIS) has successfully completed a pilot retail central bank digital currency (CBDC) pilot called Project Icebreaker, according to a March 6 press release. Th...
BIS wraps exploration project on retail CBDC payment system
The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, ...
Bank for International Settlements concludes CBDC project ‘Icebreaker’
In partnership with the central banks of Israel, Sweden, and Norway, the Bank for International Settlements (BIS) has finalized a project that explores the potential advantages and challenges of using...