Johannes Gawaxab announced that Namibia plans to launch CBDC Interest in privately issued cryptos has increased CBDCs do have financial stability implications Johannes Gawaxab, the legisla...
Tag: CBDC
Crypto Veterans Shed Light on CBDC and Stablecoins Including TUSD, Endorsing Competition in Money Market – crypto.news
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,”...
Namibia wants to launch its CBDC 1
TL; DR Breakdown Namibia wants to create its CBDC The country wants to challenge crypto with the CBDC BON Governor breaks down CBDC plans The central bank digital currencies era is now upon us, with m...
ECB executive board member talks about current state of digital euro CBDC research
European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Busine...
Namibian Central Bank Announces Plan to Launch CBDC – Emerging Markets Bitcoin News
Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have ...
South Africa finishes technical PoC for wholesale CBDC settlement system
South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project. The...
US Treasury Secretary Believes CBDC Could Outcompete Bitcoin as Means of Exchange
Janet Yellen – Treasury Secretary of the United States – recently delivered her first speech solely dedicated to cryptocurrencies. While discussing the risks and benefits of crypto and CBDCs, the secr...
A US CBDC could well be the ultimate objective rather than cryptocurrencies
Treasury secretary Janet Yellen has recently signalled that a US CBDC might be further off than thought. As China, the world’s other major super power is fully into trials for its digital yuan, and ot...
Why CBDC Is the Key To Achieve Economic Stability
HodlX Guest Post Submit Your Post As governments around the world move forward with CBDC research and development, it has become clear that such assets will play a notable role in achieving a stabl...
CBDC Manufacturers In Europe Struggle About Security Concerns
We’ve seen in other jurisdictions where a sovereign consolidating that type of power may not be for a benign purpose, said Niforos, a crypto tech specialist who previously worked on the design of the ...
80% of central banks are researching CBDC
TL; DR Breakdown PwC report says more than 80% of countries are researching CBDC The report discussed the maturity of the digital currencies Analyst gives an opinion on CBDCs and stablecoins CBDCs are...
More than three-quarters of central banks considering a CBDC: research
More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second annual Glob...
Why Central Bank Governor of Kenya think launching CBDC, for now, is tough?
Although CBDCs are technological advancements based on blockchain tech the tech also needs to get within reach of those who can use it The Central Bank of Kenya governor stated the plans and obstacle...
Elizabeth Warren believes it’s high time for the US to build its own CBDC
“I believe it is time for us to proceed on that path,” the Democratic senator said in an interview with NBC’s Chuck Todd that will air Thursday night. Senator Elizabeth Warren believ...
This is why Jamaica is making efforts to launch CBDC ASAP!
Caribbean region country Jamaica has been developing its digital currency for a long time now and claims to launch it soon Cryptocurrencies brought the notion of a currency that could be based on bloc...
Jamaica Introduces Its CBDC to Support Those who are Financially Excluded
The central bank of Jamaica doubled down on its plans to design a digital version of its national currency. The institution claimed that the financial product will benefit a considerable percentage of...
Low Smartphone Penetration Working Against Plan to Launch CBDC – Emerging Markets Bitcoin News
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may...
US Senator Ted Cruz Proposes Bill To Prohibit Federal Government From Using CBDC As Surveillance Tool
United States Senator Ted Cruz of Texas is proposing a bill that would prevent the US government from developing a central bank digital currency (CBDC) that could be used to monitor the financial tran...
Sen. Ted Cruz Introduces a Bill to Prevent the Fed From Issuing a CBDC
The American politician and attorney serving as the junior United States Senator for Texas – Ted Cruz – introduced a bill restraining the Federal Reserve from launching a central bank digital currency...
Ted Cruz introduces companion to Emmer‘s bill to exclude Fed retail CBDC issue
Texas Senator Ted Cruz introduced companion legislation into the United States Senate on Wednesday for Minnesota Representative Tom Emmer’s bill that prohibits the Federal Reserve from issuing central...
Ted Cruz Introduces Companion Bill To Emmer’s: Concerns retail CBDC issuance by FED
Ted Cruz introduced a similar bill introduced by Tom Emmer back in January, related to CBDCs‘ direct issuance to individuals. It could be utilised as a surveillance tool that the Americans should nev...
‘No Plan to Issue CBDC’ — Bank of Japan Governor – Featured Bitcoin News
Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), has said the bank is currently not planning to launch a digital currency. The remarks come just a few days after the BOJ announced the commenc...
ECB executive propose acceptance of CBDC in physical stores
TL; DR Breakdown ECB executive suggests the availability of CBDC at offline stores The executive pinpoints demand as an adoption driver ECB will design CBDC to meet specific requirements In the last f...
MIT and Bank of England join hands to research on CBDC –
Bank of England formed Technology Engagement Forum This forum was responsible for proposing the two models that could possibly be used for the CBDCs Experts claim that centrally backed digital currenc...
DeFi, Web3, CBDC still unknown for most: Survey
A new survey by polling agency Morning Consult found that fewer than one-third of ordinary Americans have heard of decentralized finance, or DeFi, compared with 77% of crypto owners. Considering that ...
Bank of England collaborates with MIT for CBDC research
Bank of England • Bank of England and MIT enter a partnership on CBDCs• There is still no decision on a CBDC for the UK• Countries across the world continue to explore CBDC adoption On Friday, the Ban...
Bank Of England Collaborates With MIT To Research On CBDC
The Bank of England has decided to collaborate with MIT regarding the development of a CBDC. The Bank of England is the latest bank that has expressed interest in exploring the scope of a CBDC. This l...
Bank of England Collaborates MIT for CBDC research
Bank of England Bank of England and MIT form partnership on CDBCs There is still no decision on a CDBC for the U.K Countries across the world continue to adopt the CDBCs On Friday, Bank of England(BoE...
Ghanaian Central Bank Reveals Trigger Behind Issuing The CBDC
The central bank of Ghana reveals the key triggers that led it to plan the issue of central bank digital currency (CBDC). The document outlines the design of the digital currency along with its benefi...
Bank of Ghana outlines the idea behind its CBDC design
TL; DR Breakdown Bank of Ghana outlines the idea behind CBDC creation BOG specifics importance of the digital currency The Central bank wants full financial inclusion Countries across the globe have n...
Bank of England and MIT Announce CBDC Collaboration
The Bank of England (BOE) has become the latest central bank to enhance its efforts regarding the development of a CBDC. Recently, BOE has partnered with the Massachusetts Institute of Technology (MIT...
Singapore and Cambodia to Explore CBDC to Boost Payments Ecosystem
Singapore and Cambodia are notably exploring the use of Central Bank Digital Currencies (CBDCs) and digital currencies to improve their payment ecosystem efficiency as well as bolster the growth of st...