“Research about central bank digital currencies (CBDCs) is much more than just a game,” said Fabio Panetta, member of the Executive Board of the European Central Bank (ECB). According to him, a carefu...
Tag: CBDCs
US Treasury Sec. Believes CBDCs Might Outperform Bitcoin In The Future
The US treasury seems to be highly in favor of a US Central Bank Digital Currency (CBDC) over other digital assets like Bitcoin. Treasury secretary Janet Yellen has stated that CBDCs and stablecoins c...
Cardano Founder Charles Hoskinson On Why CBDCs ‘Are A Really Bad Idea’ ⋆ ZyCrypto
Advertisement     Cardano founder Charles Hoskinson has stated that he does not buy the idea of a Central Bank Digital Currency (CBDC). The growing interest by world g...
Are CBDCs kryptonite for crypto? – Cointelegraph Magazine
Central bank digital currencies — digital currencies backed by a central bank — have received renewed interest with the United States President Joe Biden’s Executive Order on Ensuring Responsible Deve...
What could be possibly achieved by driving the potential of CBDCs?
The digital economy is the next stage where global economic superpowers would compete with each other having CBDCs as their latest weapon The next innovation world would witness in the form of the dig...
Research says 80% of Central Banks are either looking for or developed CBDCs
Authorities have experienced the adoption of digital currency’s notion and blockchain tech for various purposes, and now they are seeking it On Monday, 4th April, the second annual report of the Globa...
Central banker conference to examine ‘safe DeFi’ and CBDCs next week
A group of central bank officials is set to discuss decentralized finance and CBDCs during a virtual event on Monday. The Bank for International Settlements (BIS) will livestream a conference from Zu...
If Money Is Speech, CBDCs Should Be Tools for Freedom
“These are new First Amendment waters we’re sailing in,” Benjamin Barr, a lawyer at Barr & Klein PLLC specializing in free speech rights, told CoinDesk over email. It isn’t necessarily an easy fig...
This Week [In] Crypto: BAYC Parent Company Valued at $4.5B, Russia and India Prefer CBDCs
Did you miss anything important in crypto last week? Don’t worry! Be[In]Crypto has you covered with the most important topics from India’s plan for a central bank digital currency (CBDC) to war in Uk...
CBDCs have adverse consequences for the financial system: Former BOJ Official
Hiromi Yamaoka, an ex-official from the Bank of Japan, urges the institution to not go with the idea of Digital Yen. Japanese Households might spend more if the Digital Yen becomes a mode of set...
Federal Reserve Governor Lambastes Crypto and CBDCs as Over-Hyped Technology
Christopher Waller, U.S. Federal Reserve Governor, has downplayed the effectiveness of cryptocurrency and the need for a central bank digital currency (CBDC) in the United States. While speaking at a ...
Honduras Central Bank Chooses CBDCs Over Bitcoin, Breaks Everyone’s Hearts
A lot of people had their bets on Honduras being the next country to declare bitcoin legal tender. Apparently, they lost. The country’s Central Bank issued an official statement in which they affirm t...
Institutions can use CBDCs for international settlements
Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia...
Penalties Against Russia May Encourage Additional Nations To Improve CBDCs
Various federal agencies in the United States, as well as Congress legislators, have been examining how a CBDC project might influence the country’s economy and status as an international reserve curr...
Qatar to Act Towards Innovations and Digitalisation: Plans to Consider CBDCs
Qatar is planning to act in tandem with other countries thinking on a Central Bank Digital Currency (CBDC). The organization has begun exploring several initiatives that would be more specified in the...
Russia sanctions could push other countries to develop their CBDCs
Banking executive Hiromi Yamaoka believes that the conflict in Ukraine could influence central bank digital currencies (CBDCs) policy globally. The former head of payments and settlements department ...
Edward Snowden Talks Governments and Crypto, CBDCs, and Ethereum vs Bitcoin at Camp Ethereal
Edward Snowden Talks Governments and Crypto, CBDCs, and Ethereum vs Bitcoin at Camp Ethereal Edward Snowden gives an extensive interview to Marta Belcher of Filecoin Foundation for Camp Ethereal 2022,...
Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte
A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central ba...
CBDCs Will Not Change the Role of Stablecoins, Says Tether CTO
With the International Monetary Fund (IMF) data showing about 110 countries around the world are currently developing their own Central Bank Digital Currency (CBDC), the subject has garnered a lot of ...
CBDCs will not impact private stablecoin market, says Tether CTO
Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablec...
Will These Be the Bitcoin Killer?
Today, China, Sweden, Nigeria and The Bahamas are among the few countries with CBDCs in use or in advanced testing. However, policymakers in the US, the UK and Europe have signalled that they are seri...
Biden reportedly set to order multi-agency study push on crypto, CBDCs
advertisement President Joe Biden is expected to sign an executive order this week prompting different federal agencies to look into cryptocurrencies and examine how they should be regulated in the US...
The U.S. Should Disavow CBDCs And Set The Standard For Protecting Financial Privacy
TOPSHOT – A protester walks in front of parked trucks as demonstrators continue to protest the … [+] vaccine mandates implemented by Prime Minister Justin Trudeau on February 8, 2022 in Ot...
CBDCs Have Advantages Over ‘Unbacked Crypto Assets’ And Stablecoins, According To The IMF’s Chief Economist
Privacy concerns about China’s digital yuan, which Georgieva highlighted as one of six central banks on the border of CBDC development in her speech, were not addressed. For starters, CBDCs aren’t a o...
Biden expected to issue executive order on crypto and CBDCs next week: Report
The White House will reportedly be issuing an executive order as early as next week directing government agencies to study different aspects of the digital asset space with the goal of creating a comp...
Should the United States Consider Issuing CBDCs Based on Other Large Economies’ Decisions?
HodlX Guest Post Submit Your Post In their January 2022 report, ‘Money and Payments – The US Dollar in the Age of Digital Transformation,’ the Federal Reserve posed this question. While monetary po...
Mastercard to Offer Crypto and NFT Consulting Services, May Help Develop CBDCs
Mastercard is diving deeper into the world of cryptocurrency, announcing today it’s adding payments-focused consulting services for crypto and digital currencies, and that it may eventually help devel...
Ripple partners with Digital Euro Association to work on CBDCs
The Digital Euro Association (DEA) announced a partnership with Ripple (XRP/USD) to collaborate on central bank digital currencies (CBDCs), DEA posted on its website. Ripple is also cooperating with B...
Will Ripple’s Sprawl With CBDCs Compel The SEC To Reconsider The Lawsuit? XRP To $1 This February?
The coin market has been wishful of the industry rising out of the ails. That have been limiting the growth prospects of the space. While the business holds numerous limitations, one of the major s...