Turkey’s Presidential Strategy and Budget Office reportedly have submitted the President’s annual plan for 2023, which included discussions on a central bank digital currency (CBDC). The Turkish gover...
Tag: CBDC
Japan’s Premier International Payment System Develops Plastic Card For CBDC
With over 100 experimental projects in the process, central bank digital currency, or CBDC has become a global trendsetter. Japan is also embracing this trend and making quick and drastic moves to iss...
Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report
Central banks – based in Hong Kong, China, the United Arab Emirates and Thailand – issued over $12 million on the platform, allowing the commercial banks to conduct payment and foreign exchange paymen...
Crypto Believer or CBDC Backer?
Rishi Sunak is all set to take over the role of the prime minister of the United Kingdom in a few days. Amidst dire economic headwinds, Sunak was voted into office after Liz Truss, who only served a r...
Nigeria’s CBDC project fails to pick up as only 0.5% of residents use eNaira
Almost one year after Nigeria became the first country to roll out a central bank digital currency (CBDC), new data shows the adoption rate among residents is dismally low. Although the government ha...
Japanese payments system to test plastic cards for CBDC- Details inside
Japan Credit Bureau (JCB), a Japanese international payments system, on 24 October announced the beginning of its central bank digital currency (CBDC) infrastructure testing project. In order to facil...
Santander Proposes Project to Tokenize and Trade Assets with Brazilian CBDC
The objective of this project is to streamline the processes of transacting with different kinds of property through the platform. Santander, one of the biggest banking institutions in the world, has ...
Japan Credit Bureau to test credit card-based CBDC settlement solutions
Japan Credit Bureau (JCB) said will Oct. 24 that it will commence the JCBDC pilot project to test credit-card-based settlement solutions for central bank digital currencies (CBDC) using its existing c...
Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency (CBDC) infrastructure testing. The proj...
Only Fourth of Australians Support CBDC Issuance
Alex Dovbnya Only small fraction of Aussies would be in favor of CBDC issuance According to a recent survey published by global decision intelligence company Morning Consult, only a fourth of Austral...
Japan Credit Bureau to Conduct Internal CBDC Tests for Settlements
The Japanese credit card company Japan Credit Bureau (JCB) will conduct an infrastructure experiment with a digital currency that mimics CBDC usage. It is building its own crypto for the purpose. Japa...
Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC – Bitcoin News
Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The p...
Hong Kong Completes Project Aurum, a Retail CBDC Prototype – crypto.news
On 21st, the Hong Kong Monetary Authority announced that it had finished its Aurum retail CBDC prototype. The system has a unique structure that simulates the existing money issuance system in Hong Ko...
Hong Kong Reveals Final Version of Aurum Retail CBDC
Altcoin News Electronic wallets employ CBDC that has passed via an intermediary exchange. The novel CBDC-backed stablecoins mimic digitally the preexisting monetary system. On October 21st, the Hong K...
Hong Kong unveils its retail CBDC with a unique design
Join Our Telegram channel to stay up to date on breaking news coverage The Hong Kong Monetary Authority has unveiled a completed prototype of its Aurum retail central bank digital currency (CBDC). The...
Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Se...
Long-Term Status Of The US Dollar Not Dependent On Creation Of US CBDC, Says Fed Board Member ⋆ ZyCrypto
Advertisement     The long-term status of the US Dollar will not be affected even if other major jurisdictions adopted a Central Bank Digital Currency (CBDC) before a ...
Dragonfly Wins The G20 Techsprint 2022 Through Its Proposed Solution For Global CBDC
Advertisement     Dragonfly Fintech, a blockchain-powered fintech solution, was recently announced as the winner of the G20 TechSprint competition organized to develop...
Hong Kong Soon To Launch Its CBDC
The global adoption of Central Bank Digital Currency (CBDC) is on the surge amid the increasing volatility in the crypto market. However, Hong Kong has decided to add to this list of nations utilizing...
Eswatini Central Bank Partners With German Firm to Explore CBDC – Bitcoin News
Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as...
Dragonfly Fintech Wins G20 TechSprint CBDC Challenge
Singapore, Singpore, 19th October, 2022, Chainwire The Bank for International Settlements (BIS) Innovation Hub and Bank Indonesia under the Indonesian G20 Presidency announced the winners of their joi...
IMF deputy managing director’s opinion on CBDC
It is well-known that the IMF’s relationship with the digital asset industry has been quite love-hate. CBDCs are issued by central banks and recorded as central bank liabilities, in contrast to crypto...
IMF Touts Programmable and Controllable CBDC for ‘Financial Inclusion’
The International Monetary Fund (IMF) has touted central bank digital currencies (CBDC) as a path to financial inclusion, but there could be more sinister control and surveillance implications. Speaki...
Fed Governor shows skepticism regarding utility of a US CBDC
A Federal Reserve governor is not ready to accept that it is good for the United States to grow a CBDC. Christopher J. Waller, a member of the Fed’s Board of Governors, gave a speech in Harvard Natio...
Federal Reserve governor is skeptical of a US CBDC
Join Our Telegram channel to stay up to date on breaking news coverage The United States has been dragging its feet in launching a central bank digital currency (CBDC). The US Federal Reserve Board go...
RBI Releases Concept Note on Its CBDC, Pilot Project is in the Offing ⋆ ZyCrypto
Advertisement     On Friday, the Reserve Bank of India (RBI) released a concept note on the planned launch of CBDC or digital rupee this year. It said a pilot project ...
Fed governor Waller says US CBDC would not enhance things the world loves about US fiat
A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller i...
Federal Reserve Governor Expresses Skepticism About the Utility of a US Central Bank Digital Currency (CBDC)
One Federal Reserve governor isn’t convinced it is worth it for the US to develop a central bank digital currency (CBDC). Christopher J. Waller, one of the seven members of the Fed’s Board of Governor...
Fed Governor Christopher Waller Says US CBDC Not Necessary for Dollar’s Supremacy
Federal Reserve Governor Christopher Waller on Friday expressed his hesitation towards the creation of a U.S. central bank digital currency, saying that the digital currency is likely not important to...
A U.S. CBDC is Unnecessary, Stablecoins Offer Real Utility
Speaking at a security symposium at Harvard University, Fed Governor Christopher A. Waller maintains that the U.S. dollar can survive without a Central Bank Digital Currency (CBDC). Waller argues that...
Fed Governor Christopher Waller is against US CBDC; Tether gets rid of commercial paper reserves
The biggest news in the cryptoverse for Oct. 14 includes Tether reducing commercial paper reserves to zero, Bitcoin surging above $19,000 following a decline after CPI data and Mango Markets voting to...