The Republican senators – Mike Braun, Tom Cotton, and Marco Rubio – introduced draft legislation focused on the Chinese digital yuan. The lawmakers are against the financial product and believe it sho...
Tag: CBDC
Thailand Not in a Hurry to Launch a CBDC (Report)
The Thai authorities are reportedly not rushing to push a retail-oriented central bank digital currency (CBDC). Bank of Thailand’s Governor explained the country has numerous alternative payment optio...
India proposes a graded approach for its CBDC: RBI report
On Friday, the Reserve Bank of India (RBI) announced that it was considering a graded approach to the rollout of central bank digital currency (CBDC), the much-anticipated alternative to cryptocurrenc...
Creating CBDC Would Take At Least Five Years: Fed Vice Chair
Key Takeaways Federal Reserve Vice Chair Lael Brainard has stated to the House Committee on Financial Services that a central bank digital currency would take at least five years to build. White House...
Brainard tells House committee about potential role of CBDC, future of stablecoins
United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee’s virtual hearing, “On the Benefits and Risks of a U.S. ...
Thailand Central Bank Not Rushing to Deploy CBDC, Crypto VAT Gets Delayed
The Bank of Thailand (BoT) has put the brakes on its central bank digital currency (CBDC) plans as it sees plenty of viable alternatives for online payments. Thai central bank governor Sethaput Suthiw...
Mercado Bitcoin Teams Up With Stellar For Brazil’s CBDC
Brazil’s largest crypto exchange is joining forces with the Stellar Development Foundation (SDF) to help in the development of a Central Bank Digital Currency (CBDC). Developing A ‘Minimum Viable Pro...
Fed Vice-Chair Presses for CBDC in US Amidst Market Stress
In a testimony before the Committee on Financial Services, Brainard called for “clear regulatory guardrails” to provide consumer and investor protection, uphold financial stability, and ensure a level...
Brazilian cryptocurrency exchange joins hands with Stellar to work on a CBDC
In a recent development, the largest crypto exchange and digital asset platform in Latin America, Mercado Bitcoin, has partnered up with the Stellar Development Foundation (SDF) to actively pursue the...
Stellar and Mercado Bitcoin Collaborate to Create Use Cases For Brazil’s CBDC
4 hours ago | 2 mins read Blockchain News Smart contracts and decentralized finance are two of the goals of Real Digital. The Central Bank of Brazil’s LIFT Challenge Real Digital has chosen nine propo...
Mercado Bitcoin, Stellar Team Collaborate on Brazil’s CBDC Project
Mercado Bitcoin announced on Tuesday that it has partnered with the Stellar Development Foundation (SDF) to examine one of the nine projects in the LIFT Challenge Real Digital. LIFT is a collaborative...
Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC
On May 24, Mercado Bitcoin, the largest cryptocurrency and digital asset platform in Latin America, announced its partnership with the Stellar Development Foundation (SDF) to participate in the develo...
Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC
Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the ...
Why Mercado Bitcoin and Stellar Will Explore Brazilian CBDC
According to a press release, the Stellar Development Foundation (SDF) will join forces with major exchange platform Mercado Bitcoin. The partners will work on the nine cases of the Central Bank of Br...
SWIFT Tests CBDC Interoperability To Enable Cross-border Payments
The well-known global financial messaging service, SWIFT, is set to test the Central Bank of Digital Currency (CBDC) by interlinking several CBDC networks in order to execute cross-border payments. Be...
Global financial messaging service experiments with CBDC
The world supplier of secure money electronic communication services, SWIFT, is testing to interlink multiple domestic-based rising CBDC networks for cross-border transactions. The Belgium-based netwo...
SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection – Bitcoin News
SWIFT, the interbank payments protocol and messaging system, has announced it is working to connect the different central bank digital currency (CBDC) protocols in development today. The company has p...
SWIFT Experiments With CBDC Interoperability for Facilitating Cross-Border Payments
The global provider of secure financial messaging services, SWIFT, is testing to interlink multiple domestic-based emerging CBDC networks for cross-border transactions. The Belgium-based network, whic...
House Republicans seek more analysis on a possible US CBDC in letter to the Fed
Republican members of the US House Committee on Financial Services have sent a letter to Federal Reserve Chair Jerome Powell outlining the tasks they see as most salient in the path toward a central b...
SWIFT Teams Up With Capgemini To Test International Network For CBDC
SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is conducting CBDC-related tests for cross-border payments involving cryptocurrencies. Interlinking Global Networks SWIFT ha...
SWIFT Payments Network Ramps Up Cross-Border CBDC Testing
International payments organization SWIFT has announced that it will conduct cross-border tests for central bank digital currencies (CBDCs). This is yet another move by the organization in the digita...
Congress Has Introduced 50 Digital Asset Bills Impacting Regulation, Blockchain, And CBDC Policy
The 118th Congress has reached a milestone of seeing 50 bills and resolutions that have been introduced so far which cover the crypto regulatory landscape in a variety of ways. The number of bills doe...
Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test
Norway’s Central Bank is piloting it’s Central Bank Digital Currency (CBDC) using a sandbox created by Nahmii, an Ethereum L2 solution. Nahmii announced on May 16 that Norges Bank (Norway’s Central Ba...
Digital Euro CBDC plans rake up among stablecoin bust
Digital Euro CBDC debate among EU controllers has risen yet again They are utilizing the new Terra Luna circumstance to push forward with the same at the earliest Many will see the instability made ...
European Union Could Start Testing a CBDC in 2023
The Terra collapse destroyed the whole crypto ecosystem Fabio Panetta, from the ECB believes CBDCs fix this ECB has been working on a preparation phase to launch the Digital Euro With the accident of ...
EU regulators criticize stablecoins to promote Euro CBDC
EU regulators are using the recent Terra Luna situation to push forward with a Digital Euro CBDC. Many will see the volatility created by the attack on the algorithmically backed stablecoin, UST, as a...
European Union Could Start Testing a CBDC in 2023, ECB Executive Says
With the crash of TerraUSD —the largest algorithmic stablecoin in the ecosystem— and the de-pegging of other stablecoins like Stasis, DEI (not to be confused with DAI and even Tether), financial insti...
CBDC could pop up with UST going bust
UST circumstance could speed up discussions of a CBDC in the US Regardless of whether legislators settle on laying out a CBDC, there is still worry over construction and work The continuous TerraUSD i...
CBDC activity heats up, but few projects move beyond pilot stage
Government-issued electronic currency seems to be an idea whose time has come. “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on th...
Chile says CBDC will be available for online and offline use
Central banks around the world have been steadfast in researching and developing central bank digital currencies (CBDCs) to keep up with the needs of the digital population. Chile is joining this tren...
Chile’s CBDC Should Operate Both Online and Offline Before Launch
The Chilean central bank withdrew its plans to release a CBDC by the end of 2022, saying it will conduct thorough research and additional analysis on the product before moving to its launch. Digital P...