A cross-border system connecting central bank digital currencies could allow for cheaper and safer global payments, according to a report published by the Bank of International Settlements on Monday. ...
Tag: CBDC
Not Just A Different Form Of Money
UNITED STATES – FEBRUARY 2: Rep. Tom Emmer, R-Minn., participates in the House Financial Services … [+] Committee meeting to organize for the 115th Congress on Thursday, Feb. 2, 2017. (Pho...
Ripple Advisor Sheds Light on Private XRP Ledger and CBDC Projects
Gamza Khanzadaev Ripple’s work on CBDC projects in these countries at advanced stage, advisor reveals Ripple’s senior advisor for CBDC and global partnerships, Antony Welfare, has lifted t...
Ripple Works on Private XRP Ledger for CBDC, Says Ex-Executive
Gamza Khanzadaev Matt Hamilton tells whole truth about private versions of XRP and XRPL, here’s what it’s really about Former director of developer relations at Ripple, Matt Hamilton, has ...
Australian Central Bank Publishes Planned Use Cases For CBDC
3 hours ago | 2 mins read Altcoin News The selected use cases were picked from several proposals made by industry members. Jones claims that the pilot and larger studies would run simultaneously. Rece...
Reserve Bank of Australia Unveils Proposed CBDC Use Cases – Featured Bitcoin News
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor ...
Ripple Pursues CBDC Development, In Talks With 20+ Central Banks
Ripple Labs, a leader in blockchain payments, continues to expand its services and partnerships to improve cross-border transactions. The company has been collaborating with international businesses a...
Australia’s Reserve Bank launches CBDC pilot.
Central Bank Digital Currencies (CBDCs) continue to grow. The Reserve Bank of Australia (RBA) is the latest entrant to delve into CBDCs’ real-life utility. Central banks worldwide have explored the p...
Australia’s Central Bank Selects CBDC Use Cases As It Prepares For Pilot Study
The Reserve Bank of Australia (RBA) published a report on Wednesday outlining its selected use case proposals of a central bank digital currency (CBDC) alongside their respective providers. This repor...
Senator Tom Emmer has Introduced the CBDC Anti-Surveillance Act
Republican Tom Emmer is concerned about the Fed’s intentions for CBDC. The politicians are concerned that it will be used for surveillance by the government. The bill also requires the Federal Reserve...
U.S. Treasury convening regular Biden administration discussions on CBDC
Policy • March 1, 2023, 2:38PM EST The U.S. Treasury, Federal Reserve and White House officials “will begin to meet regularly” to talk about a possible central bank digital currency, said Nellie Liang...
Former Biden Advisor Thinks the US CBDC Would ‘Crowd Out’ Crypto
Cryptocurrencies’ inception brought the unique way of transactions and trade over the blockchain technology. The growing demand is directed towards the central bank digital currency or CBDC—serving th...
Britain is On Track in CBDC Development, BoE Deputy Governor
BoE Deputy Governor assured lawmakers the bank is on track with the digital pound project. The Treasury Select Committee questioned the delay in the public consultation on a digital pound. Jon Cunliff...
American experts share thoughts on the country’s CBDC – Details – Cryptopolitan
The possibility of a digital dollar has been a topic of discussion in the United States for some time, and American experts have shared their thoughts on the issue. CBDCs could crowd out crypto At a r...
Britain Wants To Get Ahead In CBDC Race, Here’s How
With the rise of central Bank digital currency (CBDC) emerging and proving a notable use case, several central banks across the globe have been pressured into a race to work and experiment with develo...
Pilot Test For Brazil’s CBDC ‘Digital Real’ Successfully Completed
3 hours ago | 2 mins read Altcoin News Mercado Bitcoin announced the successful completion of a series of pilot tests. The Stellar public blockchain was utilized for the experiments. The Brazilian gov...
Crypto regulation on CBDC in the US- The Cryptonomist
On 22 February 2023, US Congressman Tom Emmer spoke out regarding the regulation of the crypto world, introducing a bill to block the introduction of Central Bank Digital Currencies (CBDCs) in the Uni...
IMF offers Jordan’s central bank recommendations for implementing retail CBDC
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund technical report on the country’s mark...
IMF commends Jordan’s CBDC development – Cryptopolitan
The International Monetary Fund (IMF) has released a technical report on its opinion on Jordan’s CBDC development. According to the report submitted by the international body, the country is on the ve...
Anti-Surveillance CBDC Bill Won’t Protect Privacy: Advocacy Group
Digital rights group Fight for the Future isn’t convinced by a new CBDC anti-surveillance bill pitched to the US House Financial Services Committee. US Congressman Tom Emmer introduced the “CBDC Anti-...
Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience – Africa Bitcoin News
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to h...
Republican Congressman Tom Emmer Introduces Bill to Ban Fed’s CBDC
On February 22, Republican Congressman Tom Emmer of the US House of Representatives introduced a bill to ban the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC). The “CBDC An...
Nigeria tries to enforce cashless society with CBDC eNaira amidst financial disaster
Nigeria, Africa’s most populous nation and largest economy, is currently facing a financial crisis that has underscored the importance of cryptocurrencies for its population of over 219 million. Despi...
US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy – Regulation Bitcoin News
U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to fi...
CBDC Deployment Could Erode Financial Privacy In The US
Pro-crypto Republican Senator Tom Emmer has raised concerns about a potential American central bank digital currency (CBDC). On Feb. 22, the Minnesota Congressman introduced the CBDC Anti-Surveillance...
Bill Vs. CBDC – Why This US Congressman Wants To Block The Fed From Issuing A Digital Dollar
Some US congressmen have expressed concerns or opposition to the idea of a Central Bank Digital Currency, or CBDC, being pushed by the US Federal Reserve. One of them is Rep. Tom Emmer (R-Minnesota),...
BIS Head Favors CBDC, Dismisses Crypto As Trustworthy Source
The argument for establishing digital currency as an alternative to fiat currency has come to an end according to Agustin Carstens, who is the head of the Bank for International Settlements. In an int...
Bank of International Settlements Head Backs CBDC Over Crypto
Bitcoin News In his address in Singapore, though, he did express support for CBDC. He advocated for the use of CBDCs and tokenized deposits. According to Agustin Carstens, the head of the Bank of Inte...
Nigeria’s Central Bank in Talks with Partners to Revamp Its CBDC
Two sources familiar with the matter said that the central bank is willing to develop its own software for the CBDC in order to keep full control of the effort. It’s been nearly eighteen months since...
Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year – Bitcoin News
The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained ...
Bank of England developing a CBDC that will respect privacy?
The Bank of England has published a technology working paper wherein it lays out its ideas on a future digital pound. User privacy is being considered. Central Bank Digital Currencies (CBDCs) are the ...
Japan To Launch CBDC Pilot In April, What’s Ahead?
As blockchain innovation and digital finance evolve across the globe, central banks have started designing their central bank digital currencies (CBDC). The latest report shows that the central bank o...