Yuri Molchan Bank of England has made reference to Ripple in its press release while working on digital pound On Feb. 7, Bank of England (BoE) released a document on the digital version pound of sterl...
Tag: CBDC
India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50K users
The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago. India’s recently launched CBDC pilot has amassed 50,000 u...
Britcoin CBDC touted as replacement to cash by Bank of England
Ad The UK plans to impose a cap of between £10,000 to £20,000 ($12,017 to $24,033) for initial digital wallet holdings as it pushes forward with plans to introduce a Central Bank Digital Currency (CBD...
Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income
Gazprombank, a subsidiary of the leading Russian government-owned gas company, Gazprom, publicly proposed giving banks more time before implementing the digital ruble. The country’s central bank digit...
BIS To Launch Stablecoin Monitoring Project Amid CBDC Development
The Bank of International Settlement (BIS) has decided to expand its tentacles beyond the walls of central banks’ oversight and Central Bank Digital Currency (CBDC) development. The Swizz-based Bank o...
U.K. Launches CBDC Project Backed by BoE
The United Kingdom (U.K.) has stepped up its efforts to introduce a central bank digital currency (CBDC). The Bank of England (BoE) issued a consultation paper along with the H.M. Treasury outlining t...
Bank Of England Mentions Ripple In CBDC Consultation Paper
Yesterday, the Bank of England and the UK Treasury published a consultation paper on the digital pound, a U.K. Central Bank Digital Currency (CBDC) – mentioning Ripple’s technology at one point. In th...
Bank of England Releases Paper on Digital Pound CBDC
On Feb. 7, the Bank of England and the HM Treasury department published a consultation paper on the “digital pound,” a UK central bank digital currency. It added that the CBDC would be subject to rigo...
Don’t Call British CBDC ‘Britcoin,’ Say Bank of England
The UK’s central bank, the Bank of England, made it very clear on Tuesday that they do not want you to refer to the country’s CBDC as ‘Britcoin.’ British and international press — including CNN, ABC ...
CBDC teased by UK government and central bank
As part of the build-up process to the launching of the central bank digital currency, the U.K.’s Treasury and the Bank of England are expected to present a progress report on Feb. 7 and set the ball ...
UK’s Bank of England launches digital pound project as ‘new form’ of money
The Bank of England, the UK’s central bank, launched its long-awaited digital pound project, pitching the potential to create a new payment system and form of money. The potential digital...
New BIS Innovation Hub Head Outlines Cross Border CBDC Limitations
22 mins ago | 2 mins read Altcoin News She cautioned that CBDC would meet geopolitical restrictions. Cecilia Skingsley believes that CBDCs modernize the transfer of currency. The new head of the BIS I...
China Distributes e-CNY Worth $26.5 million To Promote CBDC
A recent report from Global Times China, a state-directed media outfit, reveals that a number of Chinese cities participated in a campaign to promote the country’s Central Bank Digital Currency,...
BIS Official Predicts Crypto Recovery Amid Global CBDC Expansion
BIS Innovations head, Cecilia Skingsley says the crypto industry will learn from recent failures and develop new things. Skingsley expects the new wave of CBDCs to face geographical limitations. Incre...
The UK will need its CBDC by 2030- The Cryptonomist
The Bank of England and the King’s Treasury recently announced that will most likely need to create the CBDC of UK by 2030. The U.K. Ministry of Finance will initiate the creation of its digital curre...
UK government and central bank tease CBDC consultation
The UK’s Treasury and the Bank of England are preparing the groundwork for a potential central bank digital currency to launch this decade, with a report on the issue to be published on Tuesday mornin...
CBDC Activity Subsidizes Consumption During Lunar New Year
Over the course of the Lunar New Year holiday, the Chinese central bank distributed an amount of its digital currency (CBDC) worth millions of dollars around the nation in an effort to encourage more ...
China Distributes CBDC during Lunar New Year Holidays to Enhance Adoption
Apart from the Lunar New Year activities, the Chinese government has been taking steps to improve the use of its CBDC. During the Lunar New Year season, the Chinese government distributed millions of ...
China Promotes CBDC Through Millions of Digital Yuan Giveaway
2 hours ago | 2 mins read Editors News Over $26.5 million (or 180 million yuan) in CBDC was apparently distributed. Citizens in Hangzhou spent the e-CNY distributed in only 9 seconds. Over the Lunar N...
China Pushes CBDC Mass Adoption During Holidays
In an effort to increase adoption, China’s central bank digital currency (CBDC), commonly referred to as the digital yuan, was promoted during the Lunar New Year. According to a report by the Global T...
Bank of England and UK Treasury Supports ‘Digital Pound’ Project, Says UK is Likely To Need CBDC
The Bank of England (BoE) and UK Treasury are set to back the development of the British central bank digital currency (CBDC), popularly known as “Britcoin” or “digital pound.” The discourse of a Br...
Bank of England predicts a digital pound CBDC by 2030 – Cryptopolitan
The Bank of England and the Treasury are set to introduce the idea of a “digital pound” CBDC in a roadmap to be launched next week. The central bank currency, which has been dubbed “Britcoin,” could b...
Indian retail giant Reliance will be accepting CBDC digital rupee – Cryptopolitan
One of the largest merchants in India has announced that it would enable consumers to make payments using digital versions of the Indian rupee called digital rupee. During the period in which it is be...
Indian retail group begins accepting CBDC payments
A leading Indian retail chain, Reliance Retail, has begun accepting the national CBDC, the digital rupee (e₹). In India, the central bank is testing digital currency across wholesale and retail segmen...
India Gets Huge CBDC Push With Retail Giant Reliance
India’s largest retail chain Reliance has started accepting the country’s retail CBDC. The Digital Rupee will soon be accepted in 17,000 stores across the country. Reliance Retail has partnered with s...
Indian Retail Chain Enables CBDC Payments In Stores
Digital currency is becoming popular as several countries have begun launching their own central bank digital currency (CBDC) while promoting its adoption. In today’s news, India’s largest retail chai...
Ripple Partners With Montenegro in CBDC Project
Southeast European nation Montenegro has joined forces with blockchain firm Ripple to launch the country’s first digital currency. The news broke out following the statements of Dr. Dritan Abazović, M...
Ripple and Montenegro Join Hands Together to Launch Nation’s First CBDC
Join Our Telegram channel to stay up to date on breaking news coverage Recently, Dritan Abazovic, the Prime Minister of Montenegro, declared Ripple‘s partnership with the Balkan country. The Prime Min...
Ripple (XRP): Working on another CBDC
The announcement comes from the prime minister of Montenegro, his nation is collaborating with Ripple (XRP) to develop a Central Bank CBDC. Dritan Abazovic made the announcement via Twitter, Monteneg...
Montenegro Central Bank to Collaborate with Ripple on CBDC Pilot
The Prime Minister of Montenegro, Dritan Abazović, announced via Twitter that the country’s central bank is exploring a central bank digital currency (CBDC) in collaboration with Ripple (XRP). The Mon...
Ripple Teams Up With Montenegro Central Bank For CBDC Launch
5 hours ago | 2 mins read Blockchain News The country’s Prime Minister allegedly met with Ripple CEO Brad Garlinghouse. Ripple’s advisers have been touting multiple pilots in process for the CBDC. Mon...
Ripple and the Central Bank of Montenegro are creating a CBDC – Cryptopolitan
On Twitter, the Prime Minister of Montenegro, Dritan Abazovi, made the announcement that his nation is exploring the possibility of establishing a digital currency in collaboration with Ripple. At Dav...