The Bitcoin Policy Institute’s report on CBDCs makes a strong case for why the US should reject a centrally issued version of the dollar. Bitcoinist covered that already. This time, we’ll focus on the...
Tag: CBDCs
CBDCs are not needed. Bitcoin and stablecoins can do the…
The Bitcoin Policy Institute published a white paper on Tuesday arguing that surveillance tools in the form of CBDCs would destroy freedoms and are not necessary. A surveillance tool Authors of the pa...
Bitcoin think tank says ‘No’ to CBDCs and lends credence to…
The Central Bank Digital Currencies (CBDCs) should be rejected, and in their place, the United States should look to Bitcoin (BTC) and stablecoins, according to the U.S. think tank Bitcoin Policy Inst...
Cardano Creator Charles Hoskinson Calls CBDCs the ‘Single Most Dangerous Innovation’ – Here’s Why
Cardano (ADA) creator Charles Hoskinson is not a fan of central bank digital currencies (CBDCs) and even sees them as a threat. In a recent interview with Cheeky Crypto, Hoskinson argues that CBDCs ar...
The Bitcoin Policy Institute Explains Why CBDCs And The US Are Not A Match
The latest report by The Bitcoin Policy Institute goes for the lowest hanging fruit. It tries to convince US politicians that “CBDCs will erode the distinction between America and authoritarianism,” w...
Australia embraces CBDCs, but where does Ethereum come in
To the surprise of absolutely no one, Australia is now testing a CBDC. Central Bank Digital Currencies have been up for debate for a long time now. While some authorities consider them hazardous and p...
Fed Chair Jerome Powell Details Views on Crypto, Stablecoins, DeFi and CBDCs, Says He Favors Responsible Innovation
The Chairman of the Federal Reserve says he favors responsible innovation in the world of crypto assets. In a new video speech given at an international crypto conference, Fed Chair Jerome Powell deta...
Former IMF official believes CBDCs need to function offline to gain mass adoption
A former International Monetary Fund (IMF) official, John Kiff, believes that CBDCs need to function offline and that such technology already exists in the form of stored-value cards, which were intro...
XRPL Could Become Go-to Platform for CBDCs, Here’s How
Vladislav Sopov Wo Jake, XRP Ledger (XRPL) contributor and enthusiast of Everscale platform, explained why Federated Sidechains concept is crucial one for CBDCs’ progress Contents Federated Side...
China Central Bank Queries Smart Contracts Functionality in CBDCs – crypto.news
On September 1, 2022, the 2022 China International Fair for Trade in Services took place alongside the 2022 China International Finance Annual Forum. At the conference, Changchun Mu, the head of the P...
Coinbase wants to give MakerDAO $24M per year in yield; Ripple has ‘several pilots’ in works on CBDCs
The biggest news in the cryptoverse for Sept. 7 includes Signature Bank seeing outflows in the digital asset banking space totaling $4.27 billion, Ripple’s CBDC initiatives, and Coinbase’s proposal th...
CBDCs require governments to put a special focus on security
Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital ...
IMF Talks About The Capabilities That Come With CBDCs
In a new report released earlier in September, the International Monetary Fund (IMF) said that crypto’s technical capabilities could bring the potential for central banks to create a rich, diverse mon...
There Are 97 CBDCs As Of July 2022
The International Monetary Fund (IMF), like several other international financial organizations, is giving the necessary attention to the Blockchain industry and the concept of digital assets. The mas...
Think tank launches ‘technical sandbox’ exploring United States CBDCs
A United States think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC). In a Wednesday Tweet from Digital Do...
Una plataforma global de CBDCs podría reducir costos de pagos transfronterizos, según el FMI
“La preocupación es que cuanto más tarde esto, más autoridades nacionales quedarán atrapadas en diferentes marcos regulatorios”, escribió Aditya Narain, subdirectora del departamento de mercados monet...
CBDCs Present The Strongest Use Case For The Digital Assets’ Ecosystem For Now, Says Singapore Financial Regulator ⋆ ZyCrypto
Advertisement     According to the Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, the most promising use cases for digital assets are in c...
Eswar Prasad’s Book Focuses on CBDC’s Role in the Future
When it comes to cryptocurrencies and their ability to impact finance, there’s a lot of debate available. Eswar Prasad, in his book The Future of Money: How the Digital Revolution Is Transforming Curr...
Coinsilium CEO Perceives CBDCs A “Small Niche” Versus Other Crypto
Eddy Travia said CBDCs cannot bring down private cryptocurrencies. As the CBDCs failed to give consumers any profits. The Central Bank Digital Currencies (CBDCs) are speeding in their development. Whi...
Coinsillium CEO deems CBDCs a ‘small niche’ vs Bitcoin, other cryptocurrencies
The development of Central Bank Digital Currencies (CBDCs) is picking up pace but Coinsillium CEO Eddy Travia is not concerned about their impact as he thinks they fail to give users an edge over exis...
Crypto Prices Are Fanned by Flawed Economics and Conspiracy Theories; CBDCs Are Immune: Bank of Finland Governor
Central banks around the world are exploring the benefits of CBDCs, and some, such as China and Nigeria, have succeeded in launching one. The European Central Bank (ECB), the apex bank of the European...
ECB says CBDCs are important in the continuation of the monetary system
The European Central Bank has said that launching a government-controlled digital currency, popularly known as a central bank digital currency (CBDC), was the “only solution” to guarantee a smooth con...
CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB
The European Central Bank (ECB) said that the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the “only solution” that will guarantee a “smooth contin...
JAX-backed stablecoins as an alternative to CBDCs
Governments all over the world have started to pay closer attention to cryptocurrency and blockchain technology. Over 100 countries have engaged in CBDCs in one form or another, whether it’s just a re...
People’s Party of Canada founder says ‘monetary reset’ is coming, terms CBDCs totalitarian
The founder of the People’s Party of Canada, Maxime Bernier, has suggested that the current fiat currency system is outdated and needs a reset. Speaking during an interview with Kitco News on August ...
‘Rich Dad’ R. Kiyosaki slams CBDCs as ‘spyware’ similar to TikTok
Given the rise of digital assets such as cryptocurrencies more nations and banks around the world have given more thought to the notion of implementing central bank digital currencies (CBDCs). The aut...
US Conservative Political Organization Makes the Case Against CBDCs, Praises Bitcoin and Private Stablecoins
A fiscally conservative think tank doubts that central bank digital currencies (CBDCs) would be beneficial and wonders if they might even bring about negative outcomes. In a new policy brief, the Club...
ECB believes CBDCs are better than Bitcoin for cross-border remittances
The European Central Bank’s (ECB) latest study regarding an ideal cross-border payment system claims central bank digital currencies (CBDCs) are superior to Bitcoin, stablecoins, and other traditional...
European Central Bank bets on CBDCs over BTC for cross-border payments
A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as the winner against competitors, i...
CBDCs will be the all-controlling tool that leads to central bank tyranny – bitcoin is the way out
With 105 countries now investigating the potential implementation of a CBDC as their preferred form of currency, it is looking increasingly likely that the attempt will be made to make these digital u...
CBDCs Are Worse Than Bank Accounts, Says Blockstream CEO Adam Back
One such is the Bitcoin proponent and Blockstream CEO Adam Back, who said CBDCs are worse than bank accounts. In the latest tweet, Back vouched for Bitcoin as an “apolitical, bearer, unseizable money”...