Nine months after launching the eNaira digital currency, the head of Nigeria’s central bank has criticized commercial banks over its lack of adoption. Godwin Emefiele, Governor of the Central Bank of ...
Tag: CBDCs
Private but regulated tokens could beat CBDCs, Australian central bank chief says
Cryptocurrencies issued by private companies could be better than central bank digital currencies (CBDCs) if the firms are regulated appropriately, Phillip Lowe, governor of the Australian central ban...
Digital Assets Issued by Private Firms Could be Better Than CBDCs
Philip Lowe – Governor of the Reserve Bank of Australia – believes cryptocurrencies issued by private companies could provide more benefits than central bank digital currencies (CBDCs), but only after...
Australian Central Bank Governor Prefers Privately Issued Tokens Over CBDCs
Australian central bank governor Phillip Lowe said at a G20 event that regulated private tokens could be better than Central Bank Digital Currencies. The Hong Kong Monetary Authority Chief, who joined...
At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion – Ripple Study
Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions. The...
US Treasury says CBDCs can boost commercial bank stability
The US Treasury has said that launching a central bank digital currency (CBDC) can boost the banking sector’s stability. The data was shared as part of a research paper released on Tuesday by the inst...
3 Lessons From The Oslo Freedom Forum: Oppression & CBDCs – Booth, Song, Mezinskis
It’s time to talk monetary oppression at The Oslo Freedom Forum. Bitcoin heavyweights Jeff Booth and Jimmy Song make an appearance and, surprisingly, don’t even mention the asset. Bitcoin is ever pres...
US Treasury study finds CBDCs a plus for commercial bank stability
The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Resea...
Consumers accepting CBDCs is like turkeys voting for Christmas
A recent survey commissioned by Crypto.com shows that nearly 87% of respondents agreed that consumer demand for CBDCs has increased over the previous 3 years, and 83% agreed that greater international...
Banco de Pagos Internacionales pide una colaboración global en el diseño de CBDCs
Cada uno de los modelos de acceso a las CBDCs tiene diferentes implicaciones en cuanto a riesgos, eficiencia, resistencia e interoperabilidad, continuó el informe, señalando que no hay una solución ún...
Cost of CBDCs Outweighing the Benefits?
Federally-Insured Credit Union, commonly known as NAFCU, warned about CBDCs. This warning is regarding the theory that the cost required for developing a CBDC outweighs the benefits which are being hy...
U.S. credit unions association says CBDCs are not worth the costs
As the United States explores the possibility of rolling out a central bank digital currency (CBDC), a leading trade organisation has opposed the idea. In a letter to the U.S. Commerce Department on ...
Scope of Cross-Border CBDCs Limited, Say Panelists at Conference
Members of a panel discussion held by the United States Federal Reserve (Fed) have said that the scope of cross-border use of central bank digital currencies (CBDCs) is currently quite limited. The gi...
Federal Reserve discusses CBDCs, stablecoins, and crypto
The United States Federal Reserve has published a note related to a recent conference, saying that most experts believed that a US central bank digital currency (CBDC) would have zero impact on the gl...
CBDCs and Stablecoins center discussion between US and UK; signs of regulations ahead?
Since the emergence and later wide adoption along with increasing acceptance of crypto assets, regulations remain one of crucial requirements On Wednesday, 29th June, two prominent countries and econo...
CBDCs Are Natural Evolution Necessary to Protect Fiat Monetary System: Swedish Central Banker CBDCs an Evolution of Central Banks, Necessary to Protect Fiat Monetary System: Swedish Central Banker
CBDCs are an investment to protect the fiat-based monetary system. Cash is on its way out, and its share as a medium of payment will significantly reduce in the coming years. For central banks to stay...
Will Governments limit Foreign Access to their CBDCs, given Geopolitical complications?
Innovation and development are one thing, but the disturbance and complication among countries may hinder the required collaborative approach. Given the political situations within various countries a...
IMF: Nine Out Of Thirteen African Countries In Research Stage Of CBDCs Execution
Various countries globally are making CBDCs a major part of discussions. A lot of African countries are at various stages of establishing a CBDC. The South African Reserve Bank is experimenting with ...
Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says
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90% of Central Banks are researching the utility of CBDCs
In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the fea...
BIS General Manager calls on people to trust central banks, CBDCs
? Want to work with us? CryptoSlate is hiring for a handful of positions! In drumming up interest for this year’s Bank of International Settlements (BIS) Annual Report, General Manager Agustin Carsten...
CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says
The BIS, an association of the world’s major central banks, dedicates a 42-page chapter in its 2022 Annual Economic Report to laying out a blueprint for the future of the global monetary system. In th...
Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs – Emerging Markets Bitcoin News
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencie...
Restoring Balance To The Crypto Universe
spheres with message DEFI in front of a brick wall background – 3d illustration getty On Tuesday I had the privilege of participating in Crypto Wars: Balancing Privacy versus National Security, ...
Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate
Those differences were on full display in the panel discussion at Consensus 2022 on whether the U.S. Federal Reserve should issue a digital dollar or leave such innovation to the private sector. Dante...
IMF Suggests CBDCs To Include Compliance And User-Friendly Payment Features
International Monetary Fund (IMF) took a broad step in recommending creating a payment system with eco-friendly practices. It undertook a study on energy consumption based on the consensus mechanisms ...
IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments
An International Monetary Fund study on energy consumption has reveale the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system. In t...
Kiya.ai plans to use CBDCs
Innovation organization looks to be the advertiser of the metaverse in India Kiya.ai will launch an NFT market purchased with cryptocurrencies or currencies issued by the bank Kiya.ai plans to utilize...
India’s Central Bank Deputy Governor Says CBDCs Can Kill Cryptocurrencies
Betting on India’s impending launch of CBDC, T Rabi Sankar, Deputy Governor of the nation’s central bank, the Reserve Bank of India (RBI), dismissed the idea that stablecoins should be accepted as 1-t...