The Bank of Thailand said that it will begin testing its CBDC in a retail capacity later this year. It plans to test the currency for payments for goods and services, involving 10,000 retail users and...
Tag: CBDC
Thailand To Launch Pilot Phase For CBDC Amid Crypto Turmoil
The Central Bank of Thailand (BOT) on Friday announced that it is planning to test central bank digital currency (CBDC) by the end of 2022 or by mid of 2023. BOT selects 10k users to test CBDC BOT not...
SANGO Coin: The First Government-Backed Cryptocurrency That Is Not A CBDC
Government-backed digital assets, CBDCs, have been put forward by different countries to implement crypto payments in the country as opposed to using decentralized currencies such as Bitcoin. It is in...
Sango Is Not A CBDC; Here’s Why You Should Pay Attention to It
The Sango Initiative is something that many crypto investors have heard of but have wrongfully dismissed as just another CBDC. The fact that it is government-backed seems to have cemented this thought...
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible – Finance Bitcoin News
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new...
ECB Belief In CBDC For the Best X-Border Payment Solution
A recent European Central Bank (ECB) study shows the best X-border payment solution. The winner of the recent study is Central Bank Digital Currency (CBDC), which marks its winning against banking, BT...
European Central Bank Hails CBDC ‘Holy Grail’ of Cross Border Payments
A report by the European Central Bank (ECB) has found that central bank digital currencies (CBDC) could be the “holy grail” of cross-border payments, with the potential to outperform anything else on ...
Japan Halts CBDC Project Over Lack Of Interes…
The country’s central bank has put its CBDC pilot on hold, claiming that it requires further exploration and understanding of the market. BoJ Reconsiders CBDC Back in 2021, the Bank of Japan (BoJ) wa...
Japan’s central bank shelves plans for CBDC due to a lack of public interest
Despite testing the technical feasibility of the issuance of a central bank digital currency (CBDC) since 2021, and starting the second phase of the experimentation in April, Japan’s central bank has ...
Japan’s central bank scraps CBDC plans due to lack of interest from public
The Bank of Japan (BoJ) has concluded that it is not technically feasible for the government to release a central bank digital currency (CBDC) at the moment. Cash rules everything around Japan Like ma...
IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks – Emerging Markets Bitcoin News
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. Th...
Indonesia Is Working On CBDC, Says Governor –
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
The Future of CBDC and Stablecoin Coexistence
According to Wolfgang Bardorf, group treasurer at Checkout.com, when it comes to the nature of CBDCs, central banks most likely “don’t want to deal with the retail universe” Depending on the direction...
Official explains why China CBDC should not be as anonymous as cash
China’s central bank digital currency (CBDC) should not be as anonymous as cash, the head of the People’s Bank of China (PBoC) digital currency institute declared. Digital yuan project lead Mu Changch...
Board of the Bank of Central African States set to launch a CBDC
The Bank of Central African States is set to launch a central bank digital currency (CBDC). This bank serves several regions, including Cameroon, Chad, Equatorial Guinea, the Republic of Congo, the Ce...
Indonesia is all set to make CBDC for bank use by the end of this year –
The Central Bank of Indonesia is working on releasing the conceptual design of its digital currency. The currency can be used by the end of this year. The Central Bank of Indonesia is all set to relea...
Creation of CBDC Are Communism in its Purest Form Says Robert Kiyosaki
The US along with several other nations are examining the viability of CBDC introduction. The author of “Rich Dad, Poor Dad,” Robert Kiyosaki, has harsh criticism for the likelihood of their introduct...
Stablecoins are better than CBDC: Bank of Australia Governor
According to Bank of Australia Governor Philip Lowe, private firms’ stablecoins could be superior to central bank-issued digital currencies (CBDC). The comparison is better if the businesses are prope...
Privately Issued, Regulated Digital Crypto Might Better than CBDC, Says Australian Central Bank
A key regulator has challenged the notion that cryptocurrencies are risky investment assets. Phillip Lowe, the Australian central bank governor, said on Sunday that consumer-focused digital tokens iss...
ECB Top Officials Back Europe’s CBDC Initiative Over Cryptocurrencies
11 mins ago | 2 mins read Altcoin News The existing model’s stability is based on using public money as an anchor. Non-European businesses might gain a monopoly on the European payments market. Centra...
Key Players In Financial Sector Are Betting On CBDC: Ripple Report
The future of fiat money lies in the central bank digital currencies (CBDC) , reveals blockchain firm Ripple(XRP). More than 70% of participants from five global regions opine CBDCs have great potenti...
Central Bank Digital Currencies And Freedom Are Incompatible
Eswar Prasad, professor of trade policy at Cornell University, arrives for dinner during the Jackson … [+] Hole economic symposium, sponsored by the Federal Reserve Bank of Kansas City, in Moran...
Where Central Banks Have Issued Digital Currencies [Infographic]
Cryptocurrencies have seen better days. The Russian invasion of Ukraine has shattered the belief in BitcoinBTC as a safe-haven asset, and the digital currency hit a price of around $18,000 per Bitcoin...
Big Boost For Ripple (XRP) As Study Shows Great Outlook On CBDC Tech
After introducing the XRP Ledger which gives central banks secure solution to manage crypto, Ripple came up with new findings. The company has long maintained that distributed ledger technology would ...
New Ripple survey shows 70% of financial leaders believe CBDC is the future of fiat
A new report by blockchain company Ripple (XRP) indicates that key financial sector players are considering central bank digital currencies (CBDC) as the future of fiat money. The Ripple New Value Re...
French Central Bank Announces Next Stage of Wholesale CBDC Program
France’s central bank said it would be accelerating its plans for a wholesale central bank digital currency (CBDC) program. The Banque de France should be ready to support the European Union’s distrib...
Bank Indonesia to Evaluate CBDC Influence to Local Economy
Doni Primanto Joewono, the Bank Indonesia (BI) Governor, said cryptocurrency can facilitate financial system efficiencies and inclusion. The administration is evaluating the impact of adopting central...
France launches second phase of the CBDC project
France: The President of France’s Central Bank, François Villeroy de Galhau, announced Tuesday that the bank has launched the second phase of testing a wholesale CBDC. CBDC coming soon to France The P...
Bank Indonesia Governor Embraces Crypto and Talks Up CBDC
The governor of the central bank of Indonesia believes that cryptocurrencies have the potential to pose systemic risks, but can improve financial inclusion. Speaking at a G20 event in Bali, Governor D...
Bank of France Eyes 2023 for CBDC Launch
Key Takeaways The governor of the Bank of France announced today that the country’s national bank could introduce a CBDC by 2023. The proposed asset is a wholesale CBDC for use by central banks ...
BIS Calls for Global Collaboration with CBDC Designs
Each of the CBDC access models has different implications around risks, efficiency, resilience and interoperability, the report continued, noting there is no “one size fits all” solution. For example,...
The American Bankers Association Holds Resistance Against Fed Issuing a CBDC – crypto.news
The American Bankers Association, which represents banks in the U.S., is warning against the potential risks associated with the use of digital currencies. In a letter to the U.S. Department of Commer...