In a response to a European Commission consultation that closes Thursday, the Institute of International Finance (IIF) said there seemed to be an assumption that a central bank digital currency (CBDC)...
Tag: CBDC
IMF says CBDC designs should focus on environmental-friendliness
The digital asset sector has recorded massive growth over the past few years. However, within this time, there have been concerns over the energy consumption of proof-of-work consensus networks like B...
Jamaica Pioneers CBDC As Legal Tender
The Bank of Jamaica (BoJ), the country’s central bank, has officially recognized its “Jam-Dex” central bank digital currency (CBDC) as legal tender, the first country to do so, along...
Jamaica on Track to Launch CBDC, says Jam-Dex
The Jamaican Decentralized Exchange (Jam-DEX), the official name of the Jamaican Central Bank Digital Currency (CBDC), is set to go live for domestic use later this month, according to Bank of Jamaica...
Jamaica Becomes World’s First Country to Issue CBDC Legal Tender
The CBDC is now expected to reduce the difficulties that come with Jamaica’s predominantly cash-based economy. The Central Bank of Jamaica has officially legalized the “Jam-Dex” central bank digital c...
Jamaica, in a historic move, makes its CBDC a legal tender
Jamaica has become the first country to offer a CBDC legal tender in an attempt to provide a difference in a cash-rich environment — and help the unbanked. Jamaica’s parliament passed legislation rend...
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows – Regulation Bitcoin News
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch...
Brazil Considers CBDC Project as a Means to Innovate Digitally: Economist
The development of a Central Bank Digital Currency (CBDC) means several things to several people, and for Brazil, it is a broad complement to its already transforming payment ecosystem. According to ...
Brazil’s central banker praises the merits of the country’s CBDC
A recently published paper by the Bank for International Settlements (BIS) quoted Fabio Araujo, an economist at the Central Bank of Brazil, who said that if the country’s central bank is created, it c...
RBI official backs CBDC to kill crypto 1
An RBI official has said that he is giving CBDCs the much-needed backing to destroy private digital assets like Bitcoin and Ethereum. The official in question is the Deputy Governor of the Bank, Rabi ...
Brazilian central banker describes how CBDC system can halt bank runs
In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who is also responsible for the country’s central bank dig...
Helicopter CBDC money rains on Shenzhen, May 26—June 1
China’s pandemic-hit economy needs all the help it can get after a surge in COVID-19 infections triggered mass lockdowns across the country. In an attempt to revive consumption, the southern city of S...
No ‘Redline’ Argument Against CBDC, Says BoE Official
An official from the Bank of England said that developing a central bank digital currency (CBDC) would be in line with the central bank’s directive. The Bank of England’s executive director for market...
Former Bank Of England Fintech Head Joins Fireblocks To Lead CBDC Steps
Fireblocks has welcomed Varun Paul as their newest team member, as its first director of CBDC and market infrastructure. Paul has earlier served at the UK’s central bank for approximately 14 years an...
India’s Central Bank Plans Graded Implementation Of CBDC ⋆ ZyCrypto
Advertisement     India’s banking and finance sector regulator, the Reserve Bank of India (RBI), has said that it plans to introduce a Central Bank Digital Currency (C...
India’s Central Bank Eyes a Graded Approach to CBDC Launch
India’s central bank, the Reserve Bank of India (RBI), has said that it would implement its CBDC plans through a graded approach and as per the country’s monetary policy. The introduction of CBDC, sc...
Thai Central Bank Governor on CBDC Pilot Delay
Again, it gets back to that point that was raised during the panel that we want to be clear about what problem we’re trying to solve and think about the benefits of it. The existing system works...
Fed paper looks at the potential effects of CBDC on monetary policy
On Tuesday, the United States Federal Reserve released a study on the possible effects of a retail central bank digital currency (CBDC) on U.S. monetary policy implementation. The study, dated April, ...
Fireblocks Taps Former BoE Fintech Head as its CBDC Director
Digital assets infrastructure provider Fireblocks has announced the onboarding of Varun Paul, the former head of fintech at the Bank of England (BoE) as its new Central Banking Digital Currency (CBDC)...
Fireblocks Appoints Former Bank of England Head as Director of CBDC
Varun Paul, former head of fintech at the Bank of England (BoE), has accepted the role of Central Bank Digital Currency (CBDC) and Market Infrastructure director at the digital asset security company,...
Circle Says A Central Bank Digital Currency (CBDC) Is Not Needed ⋆ ZyCrypto
Advertisement     In recent times, several central banks have been looking to develop a Central Bank Digital Currency (CBDC) to address the limitations of fiat currenc...
China Uses CBDC To Show Its Big Panda Paw With A Shenzhen e-CNY Lottery.
With another wave of the COVID-19 pandemic leading to new lockdown measures, the Chinese economy has witnessed a hit in recent months. Beijing has delivered the policy support. Now, the Chinese gover...
How is India’s CBDC development going that is proposed to take a Graded Approach?
While announcing its tax regime over the digital assets in its Yearly Budget, India has also proposed to create its own CBDC by 2023 The efforts that the country is making towards the development of i...
How far Fed Vice Chair Lael Brainard is right saying CBDC and Stablecoin can co-exist together?
Both CBDC and stablecoins are meant to be two different yet assets with the same goal to elevate the financial transaction and digitalize the economy. Vice Chairperson of the United States Federal Res...
Central Bank in India to Take Phased Approach to Introduction of CBDC
The Reserve Bank of India will introduce its digital rupee central bank digital currency (CBDC) in a phased manner. The asset will undergo proof of concept and pilot stages before fully launching. The...
Reserve Bank of India Reveals Launch Plans of Upcoming CBDC
7 hours ago | 2 mins read Bitcoin News In February, Finance Minister Nirmala Sitharaman announced a digital currency launch. There is still no official regulation on crypto in India. For 2021-22, the ...
Thailand will not launch CBDC soon
Thai officials are apparently not hurrying to implement a central bank digital currency aimed at consumers (CBDC). The Governor of the Bank of Thailand said that Thailand offers a variety of alternat...
China Tests CBDC to Track Student Card Purchases – crypto.news
In the latest CBDC trial in China, the government tracked purchases made through the digital yuan CBDC student card. China CBDC Trials Continue China is inarguably the global leader when it comes to p...
India to roll out CBDC using a graded approach: RBI Annual Report
Further cementing India’s decision to introduce an in-house central bank digital currency (CBDC) in 2022-23, the Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC ...
What Do We Know About India’s CBDC And Its Graded Approach?
India remains firm on its idea to introduce the Central Bank Digital Currency (CBDC) in 2022-23. In the recent most development in regards to the same, the Reserve Bank of India (RBI) has proposed a g...
Is the United States bill seeking to Ban Chinese CBDC Digital Yuan?
Tensions among both countries can take another turn after the entry of this hot issue where a US bill is seeking to remove the Digital Yuan from App stores At many instances, Chinese institutions and ...