Digital Retail transactions have increased to 20% They aim to reduce friction in cross-border money transfers Wholesale CBDCs are restricted to banks Bangko Sentral ng Pilipinas (BSP) will send off a...
Tag: CBDC
Philippines Central Bank to Pilot Wholesale CBDC Project
The project will provide a chance for the entire finance industry to comprehend the prospects and risks associated with wholesale CBDCs. The Bangko Sentral ng Pilipinas (BSP) has announced its decisio...
Banco de Mexico set to launch CBDC in 3 years
The Governor of Mexico’s central bank, Victoria Rodriguez Ceja, has said that the country will launch its central bank digital currency (CBDC) by 2025. During a hearing with the Mexican Senate, the of...
Mexico’s Central Bank Says CBDC “Will Be In Circulation” By 2025
In a hearing before the Mexican Senate, the Governor of the Bank of Mexico (Banxico), Victoria Rodriguez Ceja said that the CBDC will be in circulation by 2025. The CBDC wants to provide citizens with...
Mexico to Launch CBDC by 2025, Says Bank Governor
Mexico’s Central Bank governor announced before the Mexican Senate, that a CBDC Rollout is expected by 2025. Victoria Rodriguez, the central bank governor, says that the new sovereign digital currency...
Banco de Mexico Will Launch Its CBDC In 3 Years
On April 21, Victoria Rodriguez Ceja, Governor of the Bank of Mexico (Banxico), said during a hearing before the Mexican Senate that the CBDC (MDBC) “will be in circulation” by 2025. According to Rodr...
Why did Japan consider Sweden instead of China for its CBDC approach?
East Asian country gearing up for CBDC designing and creating infrastructure; however, claiming it to be a long term game The Head of the payments system department at the Central Bank of Japan, Kazus...
CBDC in Russia: the digital rouble will soon be a reality
Following in China’s footsteps, Russia’s Central Bank has been developing the digital rouble for a few years now. Digital rouble, what is a CBDC? A new CBDC is coming, the digital ruble CBDCs, or Cen...
CBDC | Blockchain Glossary| OKX Academy
A digital currency created by a central bank that is loosely inspired by Bitcoin and other crypto assets CBDC stands for central bank digital currency. Loosely inspired by Bitcoin and other crypto ass...
Japan Looks to Sweden for CBDC Approach, Not China
The Bank of Japan will shape the implementation of its CBDC pilots after Sweden’s steady approach, not China’s large pilot programs. Officials also said that it would only make a decision on the issua...
Tencent nears launch China’s CBDC wallet with WeChat integration
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year – News Bitcoin News
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos ...
US Congress eyes e-cash as an alternative to CBDC
On March 11, United States President Joe Biden issued an executive order in which he encouraged the Federal Reserve to continue research on a prospective U.S. central bank digital currency, or CBDC. T...
Mexica can soon have its CBDC legislation
CBDC legislation has been planned by the professional Bitcoin Mexican legislator. Indria Kempis, Mexican senator for the State of Nuevo León, has introduced a bill to formalize the inclusion of virtua...
US Federal Reserve Officially Considering CBDC to ‘Improve Existing Payment Systems’
The U.S. Federal Reserve announced that it is considering a central bank digital currency (CBDC). The bank said that it was the right time to consider a CBDC because technological advancements had com...
Mexican Senator Proposes CBDC Legislation After Promising Bitcoin Legal Tender Bill
Indria Kempis – Mexican senator for the State of Nuevo León – has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it propose...
Bank of Japan’s CBDC Will Not Be Used to Combat Negative Rates
Japan is experimenting with the possibility of launching a digital version of its currency in a bid to rein in cryptocurrency usage. The latest insights from the central bank have revealed that the ce...
CBDC plans revived post DTCC shares prototype ‘Project Lithium’
CBDC project takes shape with prototype ‘Project Lithium’ It aims to make settlement of cash easy in real time in bilateral transactions The prototype will be based on DLT and will try ascertain the ...
Iran Moves Forward With Plans to Launch Crypto-Rial CBDC
The Central Bank of Iran has spoken to banks and credit institutions about regulations surrounding a crypto-rial. The CBDC will involve various financial institutions that can implement smart contract...
Brazil Says It Will start Its Pilot Test for a CBDC in Q2 2022
Brazil’s central bank has unveiled plans to start a central bank digital currency pilot program that will be launched in 2022. The sovereign national digital currency will be based on fiat currency an...
Brazilian Central Bank Exec Says CBDC Pilot to Go Live this Year
Roberto Campos Neto, the President of the Central Bank of Brazil, has confirmed that there will be a pilot testing of the country’s Central Bank Digital Currency (CBDC), dubbed the Digital Real. The p...
The US Securities Processor Is Building a Prototype to Support CBDC
The United States continues its exploration of a central bank digital currency (CBDC) as the main processor for US securities said it is developing a prototype for studying how such an asset can work ...
Central Bank Digital Currencies Are About Control – They Should Be Stopped
Photo taken on July 15, 2021 shows the U.S. Federal Reserve in Washington, D.C., the United States. … [+] U.S. Federal Reserve Chair Jerome Powell said on Thursday that he was “legitimatel...
Brazil Plans CBDC Pilot for Second Half of 2022
Key Takeaways The president of Brazil’s central bank, Roberto Campos Neto, discussed the country’s CBDC plans during an Apr. 11 event. Neto suggested that Brazil’s central bank digit...
Iran plans to launch its own CBDC
The Central Bank of Iran (CBI) has said that it issued a notification to domestic banks and credit facilities about the regulatory framework for Iran’s central bank digital currency dubbed crypto-rial...
Crypto Veterans Shed Light on CBDC and Stablecoins Including TUSD, Endorsing Competition in Money Market
The renowned documentary series “The Future is Now” has recently shifted its focus to the blockchain industry. The team produced its first-ever crypto-related documentary titled “Aligning the Future,”...
Consensus on CBDC design among central banks not a priority, Bank of Canada says
As central banks around the world explore central bank digital currencies (CBDCs), the Bank of Canada (BOC) is keen to stress that rollout efforts don’t require coordination between nations — an...
Brazilian central bank president confirms CBDC pilot will launch in 2022
The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported. The confirmation about the digital curr...
Clearing service DTCC pushes ahead with CBDC prototype ‘Project Lithium’
The Depository Trust & Clearing Corporation (DTCC) said on Tuesday that it is set to develop a prototype of how a central bank digital currency (CBDC) might work in the US in practice. The corpor...
Financial Services Company DTCC Working With Digital Dollar Project on CBDC Prototype
While a CBDC can serve multiple purposes, Project Lithium is particularly focused on the needs of the financial services industry, such as how a CBDC could benefit the clearing and settlement of secur...
Iran to Launch Its Own CBDC ‘Crypto-Rial’
On Monday, the Central Bank of Iran (CBI) announced that it notified domestic banks and credit institutions about a series of regulations related to Iran’s ‘crypto-rial,’ its forthcoming central bank ...
‘There are already digital means of payment:’ EU Commission gets 11,000 public comments on CBDC project
In less than two weeks that passed since the European Commission opened its “Digital euro for the EU” initiative up to public consultation, more than 11,000 individuals and organizations l...