Key Takeaways The Bank of Canada has partnered with MIT’s DCI in order to research a central bank digital currency (CBDC). The Canadian central bank will publish a report on its findings at the ...
Tag: CBDC
Ghana Plans To Launch CBDC, Inclusiveness A Major Factor
The Central Bank of Ghana has stated that inclusivity will be a major feature in its planned digital currency, the eCedi, and that the money will be made available to those who do not have a bank acco...
Canada’s central bank and MIT to collaborate on CBDC research
advertisement The Bank of Canada, the country’s central bank, and the Massachusetts Institute of Technology (MIT) have agreed to collaborate on Central Bank Digital Currency (CBDC) research. CBD...
Jamaican’s soon-to-be-released digital currency CBDC users will get the free payout c
Citizens having crypto wallets will get a $16 deposit to assist raise knowledge and usage of the Jamaica Digital Exchange, Jamaica’s soon-to-be-released CBDC. In order to encourage wider use, the firs...
Jamaican Central Bank Plans to Airdrop $16 to First 100 Citizens Of CBDC
In a bid to spread awareness and bolster usage, the Jamaican Government is all set to airdrop $16 (2500 Jamaican dollars) to the first 100,000 citizens setting up Central Bank Digital Currency (CBDC) ...
Releasing Jam-Dex CBDC in April
The goal is to encourage mass adoption of the country’s new central bank digital currency (CBDC). The first 100,000 Jamaican individuals who use the CBDC, known as Jam-Dex, would get a $16 payment for...
Early Investors Will Receive Jam-Dex CBDC From The Jamaican Central Bank
Around 17% of the Jamaican population does not have access to banking services. Although people on social media speculate regarding governmental motives, the Observer reminds out that being unbanked w...
Bank of Uganda Reportedly Commences CBDC Study – Bitcoin News
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear w...
Caribbean CBDC DCash Back Online After Two-Month Downtime
DCash, the Eastern Caribbean central bank digital currency, is finally fully functional again after two months of downtime. The CBDC’s network went down in January earlier this year. The Eastern Carib...
Jamaica Will Airdrop $16 To Early Adopters Of CBDC Wallet
Jamaica’s government said it will deposit 2500 Jamaican dollars ($16) to the first 100,000 citizens to use the country’s new digital currency wallets, in a bid to boost the use of its recently unveile...
Jamaican central bank to airdrop Jam-Dex CBDC to early adopters
The first 100,000 Jamaican citizens to use the country’s new central bank digital currency (CBDC) known as Jam-Dex, will be given a free $16 payment in the hopes of promoting widespread adoption. Jam...
Republican lawmakers introduce bill targeting China’s CBDC on sanctions, privacy
Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise ...
Biden’s Executive Order Calls for ‘Highest Urgency’ on CBDC Research and Development
There are several organizations already researching and piloting CBDCs in the United States, including the Boston Fed (which has partnered with Massachusetts Institute of Technology (MIT) on CBDC tech...
Philippines Enters The Race For A CBDC With A Pilot Program
The government of the Philippines has announced plans to roll out a pilot program in preparation for the launch of its central bank digital currency (CBDC). According to Benjamin Diokno Governor, Gove...
Indian Finance Minister Sees “Clear Advantages” in CBDC
India’s Finance Minister, Nirmala Sitharaman, has hailed the Central Bank Digital Currency (CBDC) being developed by the Reserve Bank of India (RBI). Speaking at the India Global Forum’s annual summit...
Indian Finance Minister Expects CBDC to Roll Out This Year Indian Finance Minister Expects CBDC to Roll Out This Year
Indian Finance Minister Nirmala Sitharaman said that she expects the central bank to roll out its digital currency this year. About the legalization of bitcoin and other digital currencies, she noted ...
Expect Indian Digital Currency (CBDC) This Year- Indian FM
Two major highlights from the FM Sitharaman’s Budget speech were (1) RBI soon to launch CBDC, (2) 30% implied tax on cryptocurrency earning. Speaking at the India Global Forum’s annual summit, the Fin...
India sees “clear advantages” in CBDC
TL; DR Breakdown Indian’s finance minister, Nirmala Sitharaman says she sees benefits of the central bank-led digital currency. The minister says the government would be discuss crypto regulation afte...
India’s Finance Minister Praises CBDC, RBI to Accelerate the Development
India seems to be getting closer to realizing its plans of having a central bank digital currency aka the “Digital Rupee”. Coming in its support on Tuesday, March 8, India’s Union Finance Minister Nir...
Philippines central bank to launch CBDC research effort
advertisement The Bangko Sentral ng Pilipinas, the central bank of the Philippines, intends to move forward with a research project focused on central bank digital currencies. In a speech transcript p...
Adoption of CBDC Will Not Materially Affect the Banking System – Fintech Bitcoin News
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency wi...
Brazil’s central bank selects nine CBDC projects to move forward in innovation challenge
advertisement Brazil’s central bank revealed today that it has picked nine projects to move forward in its quest to develop a central bank digital currency (CBDC). The projects will move forward thro...
Brazil Has Chosen Nine Partner Projects for Its CBDC
Key Takeaways Brazil has chosen nine partner projects to help build technologies for its central bank digital currency (CBDC). Partners include cryptocurrency companies, banks, payment companies, and ...
Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official – Fintech Bitcoin News
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the ba...
The U.S. Should Disavow CBDCs And Set The Standard For Protecting Financial Privacy
TOPSHOT – A protester walks in front of parked trucks as demonstrators continue to protest the … [+] vaccine mandates implemented by Prime Minister Justin Trudeau on February 8, 2022 in Ot...
DCash Shows Why Fedcoin Could Be A Disaster
The United States is seriously planning to issue FedCoin, a CBDC (Central Bank Digital Currency), following the lead of the Chinese government and others around the world. I have previously spelled ou...
Can Russia Exploit the Sanctions With a CBDC and Its SWIFT Alternative?
With the so-called “Special Military Operation” in Ukraine, some major world economies including the U.S., U.K., Japan, and EU had imposed sanctions on Russia. Consequently, leading to some internatio...
Joe Rogan Podcast Guest Exposes Central Bank Digital Currency (CBDC) Dystopia
Appearing on the Joe Rogan Experience, British broadcaster Maajid Nawaz has shone a light on the grim reality of central bank digital currencies (CBDC). As Nawaz pointed out to Rogan on Saturday’s epi...
China CBDC Is No Government Version of Bitcoin; Terra’s Luna, Other Altcoins Jump
At the time of publication, bitcoin was trading below $37,500, down about 2% over the past 24 hours. Ether, the second-largest crypto by market cap, was changing hands below $2,600, down about 1% duri...
Nigeria’s eNaira CBDC may pose money laundering risks, IMF warns
advertisement The International Monetary Fund (IMF) warned that Nigeria’s eNaira could pose money laundering risks, despite previously stating that the central bank digital currency (CBDC) was safer t...
Crypto Twitter is not happy with the name and logo of Jamaican CBDC
The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community. The central bank of Ja...
Fed’s Brainard Mentions Use-Cases for a US CBDC
While so far, the US Federal Reserve doesn’t know whether it will issue its own central bank digital currency (CBDC), Lael Brainard, Federal Reserve Board Governor, on Friday highlighted several reaso...