Bitcoin News Powell indicated this week that it would be at least two years for CBDC. The Senator spoke in favor of hard currency. Many governments across the globe are turning towards CBDC, otherwise...
Tag: CBDC
Charles Hoskinson, Cardano Founder, Outrages With Idea of CBDC
Cardano founder does not like Central Bank Digital Currencies (CBDC). Vasil Hard Fork went live on Cardano ecosystem recently. He got involved in a war of words on Twitter with ETH developers. CBDCs C...
BIS Sets Up To Explore CBDC With The Central Banks Of Sweden, Israel And Norway
One of the most notable features of cryptocurrency is its ability to enable instant cross-border payments, which has attracted a widening number of territories so far. Around 105 countries have tapped...
Norway, Sweden, And Israel Plan A Joint CBDC Development With Bank of International Settlements
– Advertisement – As CBDCs get more popular, the Bank of International Settlements (BIS) is partnering with three central banks to develop them. Stablecoins are getting more popular, not j...
Iran Launches Central Bank Digital Currency Scheme With Local Banks And Shops
Bank Melli staff at the bank’s stand at the 26th International Oil, Gas, Refining and Petrochemical … [+] Exhibition in Tehran on May 13, 2022. (Photo: Morteza Nikoubazl/NurPhoto via Getty...
Swedish Central Bank Pilots Instant Payments With Retail CBDC
Sweden’s central bank has partnered with the Bank for International Settlements (BIS) in a project that aims to test out instant payments for its central bank digital currency (CBDC). The projec...
These Central Banks Will Test CBDC Use for International Retail Payments
The Central Bank of Sweden, Israel and Norway, along with the Bank for International Settlements (BIS) launched a project called Icebreaker. All the central banks will explore retail CBDC for in...
Exploring the CBDC factor in Israel, Norway, and Sweden
The Bank for International Settlements (BIS) and the central banks of Sweden, Norway, and Israel have joined forces to investigate the potential applications of central bank digital currencies (CBDC) ...
BIS Launches Project Icebreaker with Central Banks to Explore CBDC
The Bank for International Settlements (BIS) has rolled out Project Icebreaker together with the central banks of Sweden, Norway, and Israel to see how CBDCs can be utilized for international remittan...
Israel, Norway and Sweden central banks partner with BIS to explore CBDC payments
The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases...
Sweden’s central bank tests CBDC for retail and international remittance payments
Sweden’s central bank, the Riksbank, along with the central banks of Israel and Norway and the Bank for International Settlements (BIS), is exploring the use of a central bank digital currency (CBDC) ...
Bank of Ghana to Drive Financial Inclusion through CBDC
Various countries embracing Central Bank Digital Currency (CBDC) are doing so for several reasons, and as far as Ghana is concerned, driving financial inclusion is key. The focus of the CBDC in the co...
BIS Announces Successful Completion Of CBDC For Cross-border Transactions
The world is gradually heading towards a cashless society such as CBDC making cash payments obsolete. When this happens, fiat currencies might no more be in use. So central banks are aggressively laun...
Bank of International Settlements: ‘CBDC pilot successful’; $22 million transacted across 4 jurisdictions
CBDC pilot involving China, Hong Kong, Thailand, and the UAE successful 20 commercial banks, $22 million dollars worth of transactions CBDC adoption is being considered by the majority of central bank...
Russia Plans to Use CBDC in Trade With China
Russia is ramping up plans to develop central bank digital currency. A new report says settlements with China are its next target. As reported by Reuters, the Russian government is intensifying its pl...
Russia Preparing to Launch CBDC to Improve Mutual Settlement With China: Reports
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RBA Continues Collaborative Approach To Establish Feasibility Of CBDC For Australia ⋆ ZyCrypto
Advertisement     Whereas Australia already has a modern, and well functioning payments infrastructure, it continues to explore the potential economic benefits that wo...
BIS concludes CBDC pilot with cross-border payments totalling $22M transacted
A pilot project involving four Asian central bank digital currencies (CBDC) involving real-value transactions was completed on Sept. 23, according to a LinkedIn post by Bank for International Settleme...
Russia Plans To Roll-Out Its First Ever CBDC Soon
As more expansions and innovations in cryptocurrency emerge, many nations are utilizing its unlimited possibilities hence, the development and exploration of central bank digital currency (CBDC) are i...
France’s CBDC Projects to Manage DeFi Liquidity, Settle Tokenized Assets
On Tuesday September 27, Villeroy de Galhau, the Governor at the Banque de France, the Central Bank of France, announced two new projects that aim to achieve the benefits of Central Bank Digital Curre...
Report With an Eye on Mutual Settlements with China, Russia To Launch CBDC Early Next Year: Report
Russia is on course to launch its CBDC early next year and use the new currency in mutual settlements with China that has already tested its digital Yuan, a senior Russian lawmaker said in an intervie...
Bank of International Settlements green signals CBDC 1
The Bank of International Settlements (BIS) has branded its recent CBDC pilot test a success after it saw transactions going to $22 million. The CBDC was tested across many jurisdictions in the span o...
French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets
“A wholesale CBDC could significantly contribute to improving cross-border and cross-currency payments,” Villeroy de Galhau, a governor at the Bank of France, the country’s central bank, said in...
ECB President Christine Lagarde Backs CBDC Over Crypto
11 hours ago | 2 mins read Altcoin News She discussed the crypto ecosystem, stressing the need of backing CBDCs. Central bankers are missing a chance if they do not accept CBDCs. Central bankers are b...
Fed Chairman Confirms That A U.S. CBDC Would “Not Be Anonymous”
Federal Reserve Chairman Jerome Powell said that a central bank digital currency (CBDC) in the U.S. would “not be anonymous” during an event hosted by the Bank of France on Tuesday. He described the ...
How Russia’s CBDC might allow it to evade sanctions, trade with China
On 26 September, the United Kingdom announced a new package of sanctions against Russia. This round contains 92 sanctions, in response to referendums held by Russia in Ukraine following its controvers...
Russia aims to use CBDC for international settlements with China: Report
Russia is in the pilot phase of its central bank digital currency development (CBDC), and new reports indicate that the country could use its national digital currency to settle international trade. A...
Australia Released an Official White Paper of its CBDC
The Reserve Bank (the central banking institution of Australia) collaborated with the Digital Finance Cooperative Research Centre (DFCRC) to unveil a technical White Paper on its future CBDC. The orga...
Australian Central Bank Details Active CBDC Pilot Project In Telling Whitepaper
Australians are already testing a CBDC. Surprising no one, considering the authoritarian way that the government handled the lockdowns. The jury is still out on Central Bank Digital Currencies, while ...
Australia CBDC pilot calls for submissions on potential use cases
The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) are looking for industry participants to make submissions on central bank digital currency (CBDC) use ca...
Australian CBDC Pilot Test to Commence Next Year – RBA
The Reserve Bank of Australia (RBA) has published a Whitepaper to give additional insights into its proposed Central Bank Digital Currency (CBDC), dubbed the eAUD. In its concerted efforts to explore...
Former Ripple Executive to Head Australian CBDC Trial
5 hours ago | 2 mins read Altcoin News A white paper titled “Australian CBDC Pilot for Digital Finance Innovation” was published. On December 31st, at least 12 use cases will be chosen for further inv...