Tag: CBDC
News about central bank digital currencies (CBDC).
Canada Residents Are Against a CBDC
Reading Time: < 1 minute The majority of Canadians are against the development of a central bank digital currency (CBDC)
Finland to Integrate Digital Euro into Financial System
Reading Time: < 1 minute The Central Bank of Finland is planning to implement the digital euro (CBDC) into its payment system.
France’s Central Bank Deputy Governor: CBDCs Will Become Alternative to Stablecoins
Reading Time: < 1 minute According to Denis Beau, the deputy head of the Bank of France, national digital currencies (CBDC) are seen as a strong alternative to stablecoins.
Argentina’s Central Bank: The CBDC Will Protect Domestic Economy
Reading Time: < 1 minute According to the Central Bank of Argentina, the introduction of a digital currency (CBDC) into the domestic market has the potential to stabilize the nation’s economy.
US Democrats Say Republican Bill Against Digital Dollar is Stupid
Reading Time: < 1 minute The introduction of a bill by Republicans that would ban the distribution of CBDCs by the Federal Reserve to individual citizens has sparked criticism from Democrats.
Pakistan Will Test the Digital Rupee in Coming Months
Reading Time: < 1 minute The Central Bank of Pakistan recently declared their intention to legalize digital currency transactions by 2025, and concurrently announced the launch of a central bank digital currency (CBDC).
Bank of Thailand Starts Trials of National Digital Currency
Reading Time: < 1 minute Last year, the Central Bank of Thailand expressed its desire to test a central bank digital currency (CBDC) within the next year.
Florida Governor Wants to Ban CBDCs
Reading Time: < 1 minute Florida Gov. Ron DeSantis has taken a firm stance against the idea of a central bank digital currency (CBDC), vowing to ban it in his jurisdiction.
Bank of Israel Reveals Conditions for Launching a CBDC
Reading Time: < 1 minute The Central Bank of Israel has outlined the main conditions for the potential launch of a national digital currency, known as SHAKED.
Iran’s Central Bank Completes Initial Phase of CBDC Project
Reading Time: < 1 minute The Monetary and Banking Research Institute (MBRI) has announced the successful completion of the initial phase of its digital real project.
Saudi Arabia is Not in the Hurry to Develop its CBDC
Reading Time: < 1 minute The Central Bank of Saudi Arabia will not rush to create a token.
Turkey’s Central Bank to Complete Trials of National Currency This Year
Reading Time: < 1 minute The Turkish authorities expect to complete the trials of its CBDC by the end of the year.
India Intends to Test a Digital Rupee in Four Cities
Reading Time: < 1 minute The press service of the Reserve Bank of India said yesterday that the testing of the digital rupee will take place in four major cities of the country.
Member of the Board of the Swiss National Bank: “CBDCs Will Bring Stability to DeFi Sector”
Reading Time: < 1 minute CBDCs can interact with decentralized finance and bring more stability to the sector.
Nigeria’s CBDC Transaction Volume Exceeds $9M
Reading Time: < 1 minute Nigeria’s CBDC has been used to conduct transactions totaling 4 billion Nigerian Naira or $9.3 million
ECB: The Success of the Digital Euro Depends on its Degree of Adoption
Reading Time: < 1 minute The digital euro project will be successful only if the instrument is actively used.
Central Bank of Chile Insists in Autonomy of the Digital Peso
Reading Time: < 1 minute The central bank of Chile, which is developing the design of the digital peso, has announced the need for autonomous operation of the system.
Jamaica Will Issue its CBDC This Year
Reading Time: < 1 minute The Jamaican authorities have said that they are planning to issue their digital currency by the end of the year.
The European Union Will Consider Bill on Digital Euro in 2023
Reading Time: < 1 minute The European Union (EU) will consider in early 2023 a bill on its central bank digital currency (CBDC).
MIT and Fed Publish Digital Dollar White Paper
Reading Time: < 1 minute The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have published a white paper and open source CBDC as part of the first phase of exploring its potential release.
The Bank of England Will Hold a Public Consultation on the Digital Pound Next Year
Reading Time: < 1 minute The UK Treasury Department and the Bank of England have just announced they intend to hold a public discussion on a digital version of the pound sterling in 2022.
Central Bank of Singapore Initiates Retail CBDC Study Project
Reading Time: < 1 minute The Monetary Authority of Singapore (MAS) has started a project to study the technical aspects of developing a retail CBDC.
4 Central Banks to Test Cross-Border Settlements with CBDCs
Reading Time: < 1 minute The central banks of Australia, Malaysia, Singapore and South Africa will create prototype CBDC cross-border digital currency settlement platforms.
Central Bank of Nigeria Publishes Instructions on the National CBDC Project
Reading Time: < 1 minute The Central Bank of Nigeria (CBN) has recently issued preliminary instructions for the local banks in relation to the country’s CBDC project.
China to Create Global Network for Mobile Payments Based on Digital Yuan
Reading Time: < 1 minute China is exploring the possibility of setting up an international mobile payment clearing and settlement network based on the national digital yuan cryptocurrency.
