The BoJ will begin working with commercial banks and other organizations in the spring of 2023 to identify any issues with deposits and withdrawals. And, also verify whether a central bank digital cur...
Tag: CBDC
Bank of Japan records breakthrough in its CBDC trial
The Bank of Japan is choosing to forge ahead with the design and eventual test of its CBDC despite the various issues plaguing the development. In a news report that was published by the local newspap...
The RBI will pilot retail CBDC in December
The Reserve Bank of India (RBI) is getting ready to conduct trials of the “digital rupee” at a number of different retail outlets throughout India. In the past, it has experimented with ma...
The Reserve Bank of India to launch a retail CBDC pilot in December
Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch ...
FTX bankruptcy filing details, Binance’s crypto industry fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Indian central bank on track to launch retail CBDC pilot next month
The Reserve Bank of India (RBI), the country’s central bank, is finalizing the rollout of the retail digital rupee pilot, the Economic Times of India (ETI) reported on Nov. 19. The RBI initiated the w...
Fed paper looks at theoretical role of remuneration, convenience in CBDC design
The importance of remuneration in the design of a central bank digital currency (CBDC) was emphasized in a paper released by the United States Federal Reserve Board on Nov. 17. The paper, part of the ...
US-China CBDC Race and Its Implications on Financial Freedom
Central bank digital currency (CBDC) research and development has been a high priority in China, and the United States appears to be following suit. The Federal Reserve of New York and a group of priv...
Fed report examines CBDC compensation and convenience
The Federal Reserve Board of the United States, in a report that was made public on November 17th, stressed the significance of compensation in relation to the development of a digital currency issued...
New York Fed Bringing CBDC Pilot; MasterCard and Citigroup to Join
The Federal Reserve Bank of New York is up to start a digital dollar system’s pilot program. Meanwhile, prominent financial service companies including Citigroup, MasterCard and several others reporte...
Ripple CBDC Hackathon Concluded, Here Are Winners
Vladislav Sopov RippleX, platform that coordinates development of XRPL-based solutions, announces winners of multi-month competition of stablecoin projects Contents Here’s who won Ripple’s...
RLN Testing Begins For CBDC Betterment- U.S Banks
Mission CBDC on the last stage of Development testing begins. More than ten traditional banking giants are working together for CBDC development. According to the announcement of the traditional fin...
US CBDC Proof of Concept Sees Big Banks Team Up With Fed
There has been some movement in the lethargic halls of America’s central bank regarding a CBDC. A number of banking giants have come together with the Federal Reserve to work on the project. Several p...
Federal Reserve Bank of New York Launches CBDC Pilot Program
3 hours ago | 2 mins read Altcoin News New York Innovation Center (NYIC) will participate in a proof-of-concept project. The pilot project will explore the potential of a regulated liability network ...
NY Fed launches 12-week CBDC pilot program with major banks
The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC. In a Nov. 15 anno...
Singapore And New York Regulators Explore Cross-border CBDC PaymentS ⋆ ZyCrypto
Advertisement     In a media press release dated November 11, 2022, the Monetary Authority of Singapore (MAS) and the New York Fed announced a collaboration project (P...
New York Fed, several big banks testing ‘regulated liability network’
The Federal Reserve Bank of New York is poised to unveil a proof-of-concept for “regulated liability networks” — an experiment around tracking and transmitting tokenized debt issued by an array of reg...
Zimbabwean Central Bank Launches CBDC Consumer Survey – Africa Bitcoin News
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the...
Zimbabwean Central Bank Launches CBDC Consumer Survey – Coinotizia
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the...
David Chaum Rolls Out Privacy-Protecting CBDC Technology
However, users can voluntarily give up the privacy of their coins if they want law enforcement to trace stolen funds. For this, a user would need to reveal his unique cryptographic key to, say, the po...
Bank of Korea successfully tests remittances with CBDC Test
The Bank of Korea, the central bank of South Korea, has successfully tested a program facilitating remittances across countries by linking central bank digital currencies (CBDCs) from different countr...
New York Fed Completes Pilot For Cross-border CBDC Transactions
Central banks around the world have made massive investments into CBDC’s research. The FED, despite lagging behind other peers in the race, has sharply ramped up efforts to issue its CBDC in recent ti...
Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC and more
Royalty enforcing NFTs to be a ‘new asset class:’ Magic Eden CEO Jack Lu, the CEO of Solana-based nonfungible token (NFT) marketplace Magic Eden, has floated the idea of NFTs designed to enforce royal...
Bank of Korea Completes 2nd Phase of CBDC Simulation Test
The Bank of Korea (BOK) said that it has completed a 10-month CBDC simulation experiment research work on the 10-month central bank digital currency (CBDC). According to Yonhap News Agency, the Bank o...
A CBDC could protect euro dominance, say EU leaders
European Union leaders see a digital euro undertaking as an opportunity to preserve the value of the shared currency. “The entry of big tech into payments could increase the risk of market domin...
The Launch of CBDC May Destroy Bitcoin – Arthur Hayes
Arthur Hayes, one of the industry’s well-known trading and crypto veteran who doubles as the Co-founder of the BitMEX exchange, has given his view on what he thinks will happen to Bitcoin if the major...
eNaira Nigerian CBDC Rejected by its Countrymen
Why analysts termed the eNaira a massive failure? The discussion on CBDCs has been in the limelight for the last few months, and around 18-19 countries have launched their CBDCs, and 100-plus nations...
NY Fed releases results of wholesale CBDC research
The Federal Reserve Bank of New York’s Innovation Center released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) on Nov. 4. The Fed still has no...
MAS Initiates CBDC Project—Yet Aspires to Make Singapore Crypto Hub, Again!
In its press release, the Monetary Authority of Singapore(MAS) informed about the launch of Ubin+ ambition to explore the use of central bank digital currency(CBDC) for cross-border currency transacti...
Canada begins consultations with stakeholders on Crypto and CBDC
The federal government of Canada has commenced consultation with cryptocurrency stakeholders. The statement comes from a mini-budget report for 2022 shared by the government under the section Addressi...
NY Fed Closer to Wholesale CBDC
The Federal Reserve is taking the first steps toward making cross-border payments faster and more secure. The central bank’s New York branch is developing a framework for a potential wholesale centra...
Nigeria’s CBDC deemed a failure; Korea gathers more proof on Do Kwon
The biggest news in the cryptoverse for Nov. 3 includes the private conversation Korea obtained that proves Kwon purposely manipulated the LUNA price, the reveal of China’s $6 billion worth of crypto ...