Reserve Bank of India Deputy Governor T. Rabi Sankar says with complete confidence that digital bank assets or CBDCs will ultimately pull the plug on cryptocurrencies such as Bitcoin, Ethereum, and ot...
Tag: CBDCs
CBDCs To Kill Private Cryptos, Indian Central Bank Warns
The Indian Cryptocurrency market has been dealing with many restrictions lately. Finance Minister Nirmala Sitharaman announced the 30% tax over the profit made from the digital assets trading in this ...
RBI Deputy Governor Weighs on CBDCs Following India’s Stance on Crypto
Bitcoin News The RBI has long warned about cryptocurrencies being a threat. The Indian central bank is currently developing its own CBDC. RBI Deputy Governor T. Rabi Sankar talked about the potential ...
CBDCs will ‘kill’ cryptocurrencies, says Reserve Bank of India Deputy Governor
The Reserve Bank of India (RBI) believes that the emergence of central bank-issued digital currencies (CBDCs) will mark an end to private cryptocurrencies. The bank’s deputy governor T. Rabi Sankar s...
Fed Paper Sheds Light On Possible Impacts Of CBDCs On US Monetary Policy
The US has been giving constant thought to the Central Bank Digital Currency (CBDC) for quite some time now. The US Federal Reserve has released the latest study on the potential impacts of a re...
Consensus 2022 Visitor Guide: CBDCs and Public Money
A handful of small countries – the Bahamas, Nigeria – have launched fiat digital currencies, but more than 30 nations are developing or pilot testing them, including China. Last week, the city of Shen...
Fed Vice Chair Brainard defends CBDCs against Republican attacks in first hearing since confirmation
“America can’t be left behind,” said Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, opening a May 26 hearing on a US central bank digital currency. The virtual hearing fea...
IMF Favours Launch of More CBDCs in Coming Years, Says Bitcoin Is Not Money
IMF executives see CBDCs setting up a strong system of global financial payments in the next three-to-five years. IMF chief recommends not shunning the entire crypto space because of Terra’s collapse....
Will the Government Implanted CBDCs & Stablecoins Aim to Kill the Crypto Space in the Near Future?
It is a known fact that the infamous Real-Estate bubble in 2008 that destabilized the financial system led to the idea of a parallel economy. Further, it gave birth to a digital financial ecosystem ca...
SWIFT announces plan to test CBDCs interoperability 1
SWIFT, one of the biggest messaging platforms globally, has revealed that it is planning on testing several CBDCs. According to the platform, the sim of the test is to ensure that the CBDCs are fit fo...
SWIFT Plans To Interlink All CBDCs, Here’s Why
Even as central banks of various economies explore CBDCs, SWIFT is advancing cross-border payments involving digital currencies. While most of the central bank digital currency (CBDCs) focus on achiev...
Chile’s central bank says it needs more time to study CBDCs
Chile is still considering whether to move forward with a central bank digital currency (CBDC), in spite of previously disclosed plans to have a proposal ready by early this year. In a preliminary re...
Stablecoin Meltdown, CBDCs and UK Ambitions
Last week in crypto will go down in history as one of the most turbulent ever. Be[In]Crypto has rounded up the hottest stories in the ecosystem for your digest ranging from Terra’s debacle, CBDCs rush...
Chile’s Central Bank Wants More Time to Study CBDCs
Chile’s Central Bank is spending more time and exploring research options to determine whether it will issue a Central Bank Digital Currency (CBDC) or not. While Banco Central de Chile was expected to...
Report Shows 90% of Central Banks Are Considering CBDCs
Over 90% of central banks are working on some form of digital currency, a survey has revealed. The Bank for International Settlements (BIS) surveyed 81 central banks and responses showed that 60% are ...
90% of Central Banks Explore Launching CBDCs
73 out of 81 central banks work towards rolling out their own CBDC 50% of those financial institutions are currently developing such products Countries exploring the potential launch of such a project...
90% of Central Banks Explore Launching CBDCs (BIS Survey)
In its most recent research, the Bank of International Settlements (BIS) estimated that nine out of ten central banks explore how to release their own CBDC. Moreover, 50% of those financial institutio...
9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows
90% of apex banks have shown intentions of rolling out Central Bank Digital Currencies (CBDCs), according to a study by the Bank for International Settlements (BIS). Per the report: “Nine out of...
90% of surveyed central banks are exploring CBDCs — BIS
A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC. In a pap...
More Trouble For Crypto? 9/10 Central Banks Are Developing CBDCs
A recent survey by the Bank of International Settlements (BIS) shows that roughly nine out of 10 central banks are planning a digital currency (CBDC). A Central Bank Digital Currency (CBDC) operates s...
The Bank Of International Settlements (BIS) Has Released The Summary About CBDCs As Well As Its Significance Towards Financial Inclusion For Such Financially Excluded
The central banks of the Bahamas, Canada, China, the Eastern Caribbean, Ghana, Malaysia, the Philippines, Ukraine, and Uruguay were discussed in the article. The World Bank was also a participant in t...
CBDCs ‘could be a major force’ in the near future
Amid the growing adoption of cryptocurrencies, more countries and banks have begun to take measures that could pave the way for implementing a central bank digital currency (CBDC), allowing them to re...
EU Citizens Strongly Oppose CBDCs, But What About Crypto?
Is crypto already putting down CBDCs? The European Central Bank (ECB) has been researching and discussing a CBDC project called the Digital Euro for a while. They launched a public consultation to und...
Tether CTO Talks About Crypto Legal Tender In Lugano, Says CBDCs And Stablecoins Can Co-exist Together
The Chief Technology Officer at Tether and Bitfinex, Paolo Ardoino said that the company’s position as the most used stablecoin is not threatened by the rise in competition in the stablecoin market, a...
Tether CTO discusses threats to USDT; from rising competition to CBDCs
In a recent interview with Paolo Ardoino, the Chief Technology Officer of Tether and Bitfinex, Paolo revealed amongst other plans, that the company is confident that it will maintain its position as t...
Central banks in emerging economies look to CBDCs for payment efficiency, BIS report says
A volume of papers from the Bank for International Settlements (BIS) points out that payment system efficiency is the top motivation for central banks in emerging market economies experimenting with c...
BIS releases study of CBDCs and their role in financial inclusion of the unbanked
The Bank for International Settlements, or BIS, released a paper Tuesday on central bank digital currencies, or CBDCs, and how they can be used to meet policy goals for financial inclusion. The paper ...
Banks May Face Competition From CBDCs, Study Suggests
Profit-driven banks may be more interested in seeking wealthy clients, rather than ensuring access to the financial system for the 1.7 billion people who don’t have access, the FSI argued. By al...
Galaxy Digital Trading co-head plays down the threat of CBDCs on liberty
Jason Urban believes Central Bank Digital Currencies (CBDCs) will have a positive net effect on the entire cryptocurrency ecosystem, the Galaxy Digital Trading co-head said in a recent interview with ...
Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets – Coinotizia
Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still nee...
Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets – Regulation Bitcoin News
Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still nee...
CBDCs Issuance Likely To Become A Necessity Says ECB Executive Board Member
On Friday, Fabio Panetta, executive board member of the European Central Bank, provided a brief on the ongoing research on a retail central bank digital currency during his talk at the IESE Business S...