Today, the public already accepts some financial privacy invasion. Existing digital payment methods, such as debit and credit cards, bank account transfers and mobile money payments do not have a high...
Tag: CBDC
The Central Bank of Saudi Arabia is Discussing CBDC
Saudi Arabia’s central bank is working on new plans to introduce Central Bank Digital Currency (CBDC) in the Islamic nation. Several major economies are developing laws and regulations to introduce th...
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases – Fintech Bitcoin News
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the cent...
UK tax agency hiring CBDC head
The U.K.’s HM Treasury posted a job advert for a head of central bank digital currency (CBDC) on Indeed on Jan. 24, 2022, with a salary range of £61,260-£66,500 and a permanent 24-month contract. The ...
UK Bitcoin community reacts to incoming CBDC and digital pound rollout
The U.K. government’s economic and finance ministry, His Majesty’s Treasury, is recruiting for a head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is de...
Saudi Central Bank Continues Testing on its CBDC
The Saudi Arabia Central Bank (SAMA) announced that it is continuing its experiment with a central bank digital currency (CBDC). SAMA announced in a press release earlier in the week that it is steppi...
Saudi Central Bank To Experiment With CBDC Alongside Fintech Lenders And Companies
As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its...
Saudi Arabia Forays Into CBDC Exploration Through Saudi Central Bank
2 hours ago | 2 mins read Altcoin News The central bank plans to continue its experiments with a possible CBDC deployment. Saudi Central Bank (SAMA) is the driving force behind the initiative. The CBD...
Project Icebreaker Will Begin CBDC Tests In Coming Weeks
A spokesperson for the Bank of Israel has told BeInCrypto that technical work on ‘Project Icebreaker’ will begin in ‘the coming weeks.’ Project Icebreaker is a collaborative effort between the Bank of...
Chinese firm launches stablecoin and CBDC payments system – Cryptopolitan
A new payment system that is compatible with stablecoins and CBDCs is now being developed by a Chinese company known as Red Date Technology. What Red Date Tech aims to do with the system This new syst...
China Unveils Ripple’s Competitor for Stablecoins and CBDC Payments ⋆ ZyCrypto
Advertisement     The developers of UDPN describe it as equivalent to SWIFT. Some of the major banks expected to participate in the pilot phase include HSBC, Standard ...
Chinese Blockchain Company Develops Payment System For Stablecoins and CBDC
A China-based blockchain company has recently launched a digital payment protocol to fill the gap between stablecoins and Central Bank Digital Currency. Red Date technology is a Hong Kong-based block...
Bank of America claims CBDC might revolutionize global financial systems
Recent research from Bank of America (BoA) analysts highlights the welcoming disposition of 114 central banks to central bank digital currencies (CBDCs) and the United States’ wish to join the train. ...
Cross-Border CBDC Payment System Announced by Chinese Blockchain Firm
Chinese blockchain firm develops new CBDC payments system. The new platform will not allow any decentralized cryptos. There has been no mention of China’s own digital yuan in the whitepaper. Hong Kong...
CBDC Race: U.S. Leadership At Risk
With CBDC development a top priority in several countries, the US cautious approach to this new form of money is subject to controversy. Digital Dollar Project (DDP) urges the country to make a move, ...
Norway Going Cashless With CBDC
The Scandinavian nation has been working on CBDC since 2016. Major banks in the country have refused cash payments. Norway, along with Israel and Sweden, to be a part of Project Icebreaker in late 2...
China CBDC Development Sees Smart Contract Functionality
As Lunar New Year approaches, China is making major inroads with the adoption of its central bank digital currency (CBDC), or digital yuan, from smart contract features to offline payments. There is ...
China’s Central Bank Digital Currency (CBDC)
Improvements have been implemented into China’s Central Bank Digital Currency (CBDC), often known as the digital yuan or eCNY. These upgrades have given the digital yuan the ability to participa...
Digital Dollar Project pushes US cooperation on CBDC
An updated version of “Exploring a US CBDC,” a white paper by The Digital Dollar Project (DDP), was made available on Jan. 18. Even though the project’s primary focus is the United States, it has expa...
CBDC Is the Future of Money and Payments: Bank of America
Bank of America wants the central banks in developed countries to concentrate on payment productivity. The profits and losses associated with CBDCs rely on the design and issuance. The statement of B...
Tanzania on alert regarding CBDC adoption after a research
The central bank of Tanzania says it is still looking for the launch of a central bank digital currency (CBDC) but now will go for a phased, cautious and risk-based approach” after recognizing differe...
Ukraine Vice PM to Receive Salary in E-Hryvnia CBDC
The Vice Prime Minister of Ukraine wants to see the nation become the best jurisdiction for the crypto asset and plans to receive his salary in the country’s E-Hryvnia CBDC. War-torn Ukraine has reali...
Tanzania Taking Cautionary Approach to CBDC Adoption
Tanzania is exploring the potential of central bank digital currency with a new initiative from its central bank, the Bank of Tanzania (BoT). The central bank is looking into the possibility of creati...
Risks Associated with CBDC Integration into DeFi Ecosystems – Cryptopolitan
Alden Baldwin Journalist, Writer, Editor, Researcher, and Strategic Media Manager: With over 10 years of experience in the digital, print and public relations industries, he has been working with the ...
Tanzanian Central Bank Adopts ‘Phased and Risk-Based Approach to Adoption of CBDC’ – Africa Bitcoin News
After months of research, the Tanzanian central bank announced recently that it had chosen a more cautious and risk-based approach towards the adoption of its central bank digital currency (CBDC). Dur...
Bahamian CBDC, Sand Dollar Struggling after FTX-Collapse
The involvement of Bahamian authorities in the FTX-saga is questionable in itself. Their complicity hampered their CBDC, Sand Dollar. Project manager blames pandemic for slow growth. The once third ...
Tanzanian Central Bank Adopts Cautionary Approach in CBDC Analysis
The East African government has reportedly organized a multidisciplinary technical team. At least four nations have openly scrapped CBDC adoption plans. The Tanzanian central bank is still thinking ab...
Tanzania wary about CBDC adoption following studies
The Central Bank of Tanzania has stated that it is still contemplating the introduction of a central bank digital currency (CBDC), but that it will take a “phased, cautious, and risk-based appro...
Tanzania ‘cautious’ on CBDC adoption after initial research
Tanzania’s central bank says it is still considering the introduction of a central bank digital currency (CBDC) but will be a taking “phased, cautious and risk based approach” after ...
90% of central banks are working on CBDC projects, thus it should be based on XRPL, according to Ripple
Join Our Telegram channel to stay up to date on breaking news coverage 90% of Central Banks, according to Ripple, are currently actively creating their own CBDCs. The company thinks XRPLedger can prov...
MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries
The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) and associated organizations marshaled a sizable team of researchers in four low- and middle-income countries — India,...
MIT issues CBDC report after extensive research
A group of researchers under the Digital Currency Initiative (DCI) of the Massachusetts Institute of Technology (MIT) have come up with a detailed report on the inclusivity of the retail central bank ...