A United States-based lobbying group has raised a voice against developing a central bank digital currency (CBDC) in the United States. The National Association of Federally-Insured Credit Unions (NAF...
Tag: CBDC
US Treasury calls for global crypto regulation, development of CBDC
The U.S.treasury claimed that the U.S. should work with its global allies to create a global crypto regulation. The news release cited that this would be only logical for a global and decentralized as...
The American Bankers Association really doesn’t want the Fed to issue a CBDC
The American Bankers Association, a major trade association representing banks across the US, is cautioning against a central bank digital currency. “The purported benefits of a U.S. Central Ba...
Federal Reserve conference casts doubt on CBDC and dollar digitization
At the Federal Reserve’s first conference on the international role of the dollar, the prospect of a US central bank digital currency did not particularly impress panelists. According to a July...
H2O Waters Securities Launches First Crypto Water Token, Sequoia China $9 Billion Funding, Federal Reserve not Impressed by USD CBDC – crypto.news
H2O Waters Securities has launched the first water-focused crypto token. Sequoia China closes in on a $9 billion funding round to help new projects seed rounds and ventures, as the federal reserve app...
Ripple Backs Digital Euro Association Major Event To Develop Work in CBDC Area
– Advertisement – Ripple continues to show support for CBDC initiatives. The Digital Euro Association, in a tweet on Tuesday, revealed that blockchain company and payments giant Ripple is ...
Ripple Rolls Out $197,000 Hackathon To Improve CBDC Operability
Blockchain provider Ripple is organizing a contest to promote the growth of central bank digital currency (CBDC) interoperability, with more than $190,000 worth of prizes to be won. The San Francisco-...
Ripple Launches $197,000 Hackathon for CBDC Interoperability and Financial Inclusion
San Francisco-based enterprise blockchain provider Ripple has launched a central bank digital currency hackathon with a total prize pool of $197,000 to promote the development of solutions for retail ...
Bitcoin (BTC) Mining Company Participating in Energy Response Programs, Fundraising Rounds Continue, Taiwan Planned CBDC Launch – crypto.news
Mawson, a BTC mining company, have decided to participate in energy response programs when mining revenue reduces. Fundraising rounds continue with reports indicating that the amount of monthly fundra...
Taiwan’s Central Bank Ramps Effort To Launch Interest-free CBDC Soon
13 hours ago | 2 mins read Altcoin News CBDC that pays interest on digital asset deposits would probably replace bank deposits. Taiwan’s CBDC pilot program is presently distributed to five chose...
Taiwan’s Central Bank May Need 2 Years to Complete Work on CBDC – Bitcoin News
Taiwan’s central bank is yet to conclude work on its central bank digital currency (CBDC) and according to the bank’s governor, the institution may need two more years to finish its work, a report has...
Ripple Launches Innovation Challenge for CBDC Solutions on the XRP Ledger
Ripple is launching an innovation challenge aiming to promote the development of XRP Ledger (XRPL) apps for central bank digital currencies (CBDCs). According to the contest page, entrants can submit ...
Ripple Labs Inc Floats CBDC Innovate Challenge
Digital currency payments company Ripple Labs Inc has announced a new hackathon dubbed the CBDC Innovate Challenge for developers who can build XRP Ledger-powered payment solutions bordering on Centra...
Ripple Labs Launches Hackathon to Promote CBDC on XRP Ledger
The blockchain payments company, Ripple Labs Inc has announced the launch of its hackathon dubbed Ripple CBDC Innovate challenge as it seeks to power innovation bordering on Central Bank Digital Curre...
Qatar Central Bank Governor: Qatar Is Exploring Pros & Cons Of CBDC
Contrary to what many people assume, Qatar is not among the countries hesitant to explore the central bank digital currency (CBDC). H E Sheikh Bandar bin Mohammed bin Saoud Al Thani, the governor of t...
Ripple Introduces CBDC Competition to Encourage XRPL Innovation
Ripple has announced the CBDC Innovate challenge, with a total prize pool of $197,000. The Ripple CBDC Innovate challenge seeks to inspire programmers to build applications capable of running on the X...
CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor – Emerging Markets Bitcoin News
The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digit...
Visa CBDC Paper Discusses Major Adoption Challenges and Questions for Policymakers – crypto.news
Leading multinational financial services company Visa recently released a paper on central bank digital currencies (CBDC) that dives deep into the common challenges, their solutions, and questions pos...
Powell: Congress to Receive Guidance from Federal Reserve on CBDC
U.S. Federal Reserve Chair Jerome Powell said Congress will eventually receive guidance from the Fed on how it could implement a central bank digital currency (CBDC). Speaking before the U.S. House Co...
CBDC may threaten stablecoins, not Bitcoin: ARK36 exec
Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive beli...
First fintech and blockchain event of the CEE Region: concern of CBDC
Following the COVID epidemic, the financial sector immediately adopted the worldwide digitalization procedure that was necessary to address the sanitary situation. The fintech sector is still growing...
Fed will Recommend CBDC to Congress: Powell
Jerome Powell, the chairman of the Federal Reserve, stated that the American central bank intends to advise Congress on how to promote a prospective central bank digital currency (CBDC). Change in the...
Soramitsu Will Analyze The Utility For CBDC In Vietnam and Philippines
Soramitsu, a Japanese blockchain organization, has made a deal to organize research regarding feasibility study for CBDC in Vietnam and Philippines. Soramitsu has an excellent track record in developm...
Qatar plans to launch its own CBDC “Qatari Riyal”
Recently Qatar announced the launch of its crypto, or CBDC, backed by the central bank. According to reports, the country is in the token creation phase; it is expected to be launched in the coming mo...
Bank of Israel Digital Shekel CBDC Trial Highlights Risk of Unsupervised Smart Contracts
After extensive digital shekel CBDC research lasting almost a year, Israel’s central bank believes that smart contracts should fall under its supervision. After a two-stage digital shekel trial, the B...
BIS unveils a market intelligence platform to tackle crypto and CBDC security
Despite the ongoing market turmoil, the Bank for International Settlements (BIS) is still showing interest in the cryptocurrency space. The institution’s market intelligence division is set to be laun...
What’s the goal of joint efforts made by the Bank of Israel, International Settlements and Hong Kong for CBDC Cybersecurity?
Authorities want to make sure of this completely that a digital currency would have no threats over the economy anyhow. Hong Kong Monetary Authority, the Bank of Israel and the Bank for In...
CBDC Cybersecurity To Be Tested By Hong Kong, Bank Of Israel And Bank For Int’l Settlements
CBDC, or central bank digital currency, will be the main focus of three major financial and lending institutions to validate the feasibility of new digital currency system, the Bank of Israel said on ...
Fed’s Powell says a U.S. CBDC could maintain the dollar’s international standing
The Federal Reserve chair Jerome Powell has stated that a central bank digital currency version (CBDC) of the U.S. dollar will be significant in sustaining the dollar’s global dominance at a period ot...
HKMA Announces Joint Research with Bank of Israel, BISIH for Retail CBDC
The Hong Kong Monetary Authority (HKMA) announced joint research with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre for retail Central Ban...
Israel, Hong Kong enter partnership to test new CBDC against cyber risks
? Want to work with us? CryptoSlate is hiring for a handful of positions! The Bank of Israel has joined hands with the Hong Kong Monetary Authority to test a new central bank digital currency (CBDC), ...