Ukraine, already receptive to crypto, has one more reason to be bullish on blockchain — thanks to Stellar. A Thursday report unpacking a two-year study on the feasibility of tapping the Stellar crypto...
Tag: CBDC
China Counts CBDC in Monetary Base Supply for First Time
For the first time ever, the People’s Bank of China (PBOC) has included its central bank digital currency (CBDC) in official cash reports. China’s digital yuan, otherwise known as e-CNY, amounted to 1...
Is Crypto Blocking The Advance of CBDC? This MP Thinks So
Join Our Telegram channel to stay up to date on breaking news coverage The HM Treasury Economic Secretary Andrew Griffith has said that a consultative paper on a UK central bank digital currency (CBDC...
Russia’s Central Bank Gearing-Up on CBDC Settlement System
According to a local media Kommersant’s report, published on January 9th, 2022, in the first quarter, the Bank of Russia is planning to start developing a cross-border settlement model using the digit...
Read Here The Saying of UK MP on Payments Technology and CBDC
According to the UK Parliament, “MPs explore the Government’s plans to make the UK a global hub for crypto, while exploring the potential benefits and risks of crypto assets for businesses and consume...
UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements
The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time t...
Russia pushes foreign CBDC transactions as sanctions tighten
Amidst continuous sanctions imposed on Russia for its invasion of Ukraine, the country is accelerating its CBDC program. According to the Jan. 9 report, Russia’s central bank will research two potenti...
CBDC Settlement System in Full Force in Russia and the EU
Central Bank Digital Currencies (CBDC) implementation continues to see new development in 2023. From Europe to Russia, all have taken significant steps to fasten the process. But at what costs? Over ...
A CBDC may not displace private stablecoins
The United Kingdom has made it clear that it remains dedicated to becoming a world leader in the cryptocurrency industry, and that stablecoins would receive immediate attention. Economic Secretary An...
Russia to begin work on CBDC settlement system as sanctions endure
Russia’s central bank is reportedly set to begin developing a cross-border settlement system using a central bank digital currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine....
Russia Begins CBDC Settlement Mechanism While Sanctions Continue
There are continuous sanctions against Russia as a result of its invasion of Ukraine; yet, reports indicate that Russia’s central bank is about to begin building a cross-border settlement system...
Mexican CBDC Issuance to Be Delayed Past 2024
The Mexican CBDC will not launch until after 2024 because its development is still in its initial stages. According to new reports, the Mexican central bank digital currency (CBDC) will likely not be ...
Launch of Mexico CBDC might not happen as soon as expected
According to recent information that has surfaced from Banxico, the country’s central bank, the Mexico central bank digital currency (CBDC), also known as the digital peso, will most likely not be rea...
Mexico CBDC likely delayed beyond 2024
Mexico’s central bank digital currency (CBDC) will probably not be ready by 2024 as previously projected, according to local media on Jan. 2. News company El Sol de Mexico contacted the Bank of Mexico...
Launch of Mexican CBDC Likely To Be Delayed Beyond 2024
21 mins ago | 2 mins read Altcoin News The bank responsible for the CBDC’s creation, is still working out the kinks. More than $500,000 of Banxico money were utilized to develop this currency. As of D...
Mexican CBDC Unlikely to Be Ready by 2024 – Economics Bitcoin News
The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxi...
ECB Official Pushes for CBDC Development Citing Betterment for Consumers
The ECB executive called the European Union’s Markets in Crypto Assets (MiCA) an important step. Fabio Panetta, the executive board member of the European Central Bank (ECB), recently published a push...
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi
Hong Kong authorities are looking for new designs for a central bank digital currency (CDBC), now proposing to issue a CBDC in the form of a stablecoin backed by the government. Wu Jiezhuang, a member...
Bank of England answers professionals’ questions about upcoming CBDC wallet
Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof-of-concept (PoC) for the Bank of England (BOE) provided questions about the proj...
Hong Kong lawmaker wants CBDC with Defi features
Wu Jiezhuang, a Hong Kong lawmaker, believes that making an e-HKD stablecoin would make adopting new Web3 technology easier. Wu Jiezhuang’s suggestions come on the heels of the Hong Kong Monetary Auth...
BoE responds to inquiries about upcoming CBDC wallet
The Bank of England (BoE) responded to over 70 questions posed by applicants vying for a $244,000 contract to help design a proof of concept for a CBDC wallet. Companies that applied to win the $244,0...
Chaum Reveals His CBDC Of The Future
Join Our Telegram channel to stay up to date on breaking news coverage David Chaum is known as the “godfather of crypto,” as his work as a cryptographer dates back to 1989, even before the concept of ...
The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how
When it comes to the “crypto” part of cryptocurrencies, David Chaum’s work predates the crypto ecosystem. His efforts as a renowned cryptographer date back to 1989, long before Bitcoin (BTC) was a thi...
Can the US Catch Up With Global CBDC Projects?
2022 kicked off with a wave of CBDCs as a number of national pilots came on the scene. The United States, on the other hand, appeared to fall behind countries in the CBDC race. A Quick CBDC Update Dat...
Turkey’s Central Bank Commences First CBDC Pilot Test
Altcoin News Research into the economic and legal framework of the CBDC will be prioritized. The central bank hopes to add additional banks and fintech companies. Central Bank digital currencies (CBDC...
Turkey Starts First CBDC Pilot, To Gain Prominence In 2023
On Thursday, the Central Bank of Turkey announced that it had successfully completed the first payment transactions using the Digital Turkish Lira Network as part of the first phase of experimentation...
Turkey’s Central Bank wraps up its first CBDC test
2022 has been a difficult year for the crypto industry. Despite this, a number of industry participants have embraced cryptography and blockchain technology in light of sufficient proof that it works....
Turkish Central Bank begins testing CBDC
The Turkish Central Bank has started running initial tests on its Central Bank-issued digital lira. According to recent reports, the bank will advance trials on the digital lira as the project moves c...
Turkey’s central bank completes first CBDC test with more to come in 2023
The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira, and has signaled plans to continue testing throug...
China’s CBDC wallet adds features to boost adoption
In a bid to attract more users to its one-year-old digital wallet, the People’s Bank of China (PBoC) has added an electronic version of traditional red packets to the features of the China wallet appl...
China’s CBDC Introduces Red Packet Feature for the Lunar New Year 2023
42 mins ago | 2 mins read Market News China CBDC to launch new red packet feature for Chinese new year 2023. The e-CNY wallets are upgraded for users to send hongbao digitally. Introducing such a fe...
China’s CBDC wallet resorts to ages-old tradition to boost adoption
China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new us...