The US Federal Reserve is currently looking into the potential of a central bank digital currency (CBDC), with the report about the pros and cons of a digital dollar expected to be released in the com...
Tag: CBDC
US legislator proposes bill pointed toward restricting Fed’s ability to issue CBDC
Tom Emmer to introduce a bill intended to prevent the Federal Reserve from acting as a retail bank Bill will prohibit the Fed from issuing CBDC Experts opine that Feds shouldn’t have the authority to ...
Swiss National Bank, Citigroup, and Goldman Tested a Joint CBDC Project: Report
The Swiss National Bank (SNB), together with five other banking giants, have reportedly tested whether they can process central bank digital currencies within the nation’s financial network. The insti...
House of Lords Committee Sees No Convincing Case for UK CBDC
CBDC is like two sides of a coin – it has its advantages and disadvantages Economic Affairs Committee has set up the enquiry in September Digital currency may drain bank deposits and reduce privacy Th...
Swiss central bank trials wholesale CBDC with BIS and commercial lenders
advertisement The Swiss National Bank (SNB) has successfully tested the integration of a wholesale central bank digital currency (CBDC) settlement with commercial banks. According to an announcement b...
Visa collaborated with ConsenSys to integrate CBDC with Traditional Finance
The collaboration is to bridge the gap between CBDCs and traditional financial service providers. Customers will be able to use their CBDC-linked Visa cards wherever Visa is accepted. Government disbu...
Visa, Consensys partner to build a ‘CBDC Sandbox’ for countries and institutions
Payments giant Visa has deepened its involvement in the digital currency space with a new partnership focused on central bank digital currencies (CBDC). The firm has teamed up with blockchain technolo...
Fed Chair Jerome Powell Argues private stablecoins can co-exist with US CBDC
On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). ...
U.S. Congressman Urges Fed Not to Issue CBDC for Individuals
Minnesota Congressman Tom Emmer has introduced a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) to individuals. The pro-crypto politician does not want the Am...
Swiss central bank tests wholesale CBDC with commercial partners
Switzerland took another step to clarify the roadmap for integrating central bank digital currencies (CBDC) into the current financial system. The Swiss National Bank (SNB), the country’s centr...
House of Lords Raised Serious Concerns over UK CBDC Launch
An all-party committee of the United Kingdom’s House of Lords warned on the concerns of financial instability from the proposed launch of a central bank digital currency (CBDC). It wanted that the lau...
Visa and ConsenSys team up on CBDC tech
Quick Take Visa and ConsenSys have been consulting with central banks around the world on new tech for central bank digital currencies. The pair are now looking into pilot cases to test usability. ad...
US Lawmaker Sets Out To Stop Fed From Directly Issuing CBDC, Here’s His Reason
On Wednesday, US lawmaker Tom Emmer announced he’s proposing a bill that will stop the Federal Reserve from issuing the central bank digital currency (CBDC) directly to American individuals. The Fed M...
House of Lords Committee Sees ‘No Convincing Case’ for UK CBDC
The Bank of England, in common with central banks of almost every other major economy across the world, is exploring a potential CBDC as a means of addressing the decline in the use of cash, expeditin...
U.S. Congressman Introduces Bill to Limit Fed’s CBDC Powers
Key Takeaways Tom Emmer, U.S. Representative from Minnesota, has introduced a bill that would prevent the Federal Reserve from issuing CBDCs directly to individuals. The new legislation would be an am...
Jerome Powell softens regulatory stance against stablecoins, says can coexist with the Fed’s CBDC
In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence ...
CBDC Wallet tops in chinese app stores
The official digital Yuan wallet app ranks 1st in chinese app stores with maximum download Despite the app being in experimental stages, it managed to rank well across major app stores including Xiao...
Fed Chair Says A US CBDC And Stablecoins Could Coexist
Jerome Powell – chairman of the Federal Reserve – appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he s...
Fed Chair Promises CBDC Report “Within Weeks”
Key Takeaways Jerome Powell stated in his renomination hearing today that the Federal Reserve’s CBDC report was forthcoming within weeks. Powell faced skepticism toward stablecoins and cryptocur...
Three Predictions For The Year Ahead In Digital Finance
Trust takes centre-stage, DeFi meets CeFi, and CBDC proponents put up or shut up. It’s fair to say the permissionless crypto world seemed to do all the running in the blockchain space in 2021. But tha...
New report reveals risks that CBDC service providers & central banks have to address
CBDC season could soon be coming, as China readies for the launch of its digital yuan and other countries also race to complete white papers or even pilot programs. However, a new report has made note...
China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS
The People’s Bank of China (POBC) recently released pilot versions of digital yuan wallets for both Android and iOS smartphones, Reuters reported. Meanwhile, researchers from Cornell University and t...
Jamaica Completes CBDC Pilot And Anticipates A Full Launch In The Coming Months ⋆ ZyCrypto
Advertisement     Jamaica has completed the pilot phase of its CBDC testing. The nationwide rollout is to begin in the first quarter. The race for CBDCs continues. Th...
Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’ – Fintech Bitcoin News
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service...
Jamaica is a step ahead of establishing its CBDC
CBDC will be established by Jamaican central bank in the first quarter of this year Jamaican central bank has successfully accomplished its first CBDC pilot program NCB is the first wallet provider fo...
Boston Fed seeks project manager for CBDC development
advertisement The Federal Reserve Bank of Boston is looking for a new director to lead the development of a central bank digital currency. Per a LinkedIn post from January 1, the director of project m...
Bank of Jamaica completes CBDC pilot that will roll out soon
TL;DR Breakdown Jamaica is ready to welcome its CBDC soon. The Bank of Jamaica has tested its CBDC through the National Commercial bank. Bank of Jamaica (BOJ) has completed the Central Bank Digital Cu...
Bank of Jamaica completes CBDC pilot project- The Cryptonomist
The Bank of Jamaica (BOJ) has announced that it has successfully completed the pilot project for the Central Bank Digital Currency (CBDC), on 31 December 2021. By the first quarter of 2022, the BOJ e...
After successful completion of CBDC pilot, Jamaica eyes national roll-out
The ambitious central bank digital currency (CBDC) initiatives that were undertaken by most countries globally over the past few years are finally bearing fruit, and developing economies seem to be le...