Tag: CBDC
News about central bank digital currencies (CBDC).
Reserve Bank of Australia Ramps Up Wholesale CBDC, Stablecoin Testing with Major Players
Reading Time: < 1 minuteAustralia’s central bank is deepening its exploration of digital money, moving into live trials of wholesale CBDCs and stablecoins with industry partners.
South Korea Puts CBDC on Hold as Government Pushes Stablecoins
Reading Time: < 1 minuteSouth Korea’s central bank has suspended its digital currency trials as the government shifts focus toward embracing private stablecoins.
China’s Central Bank Plans Global Push for Digital Yuan Amid Dollar Uncertainty
Reading Time: < 1 minuteChina is accelerating its efforts to internationalize the digital yuan (e-CNY).
ECB Accelerates Wholesale CBDC Platform Development
Reading Time: < 1 minuteThe European Central Bank (ECB) is making significant progress in developing a wholesale central bank digital currency (CBDC) platform.
Iran Says It Will Launch a CBDC
Reading Time: < 1 minuteDuring a national banking conference on November 25th, Central Bank of Iran (CBI) governor Mohammad Reza Farzin announced that the country will soon introduce a central bank digital currency (CBDC).
The IMF Issues Framework on CBDCs
Reading Time: < 1 minuteA guide has been released by staff members of the International Monetary Fund (IMF) for policymakers and banking institutions to promote the use of central bank digital currencies (CBDCs) worldwide.
Australia’s Central Bank Starts Wholesale CBDC Program
Reading Time: < 1 minuteThe RBA has announced that it will be focusing on launching a wholesale CBDC rather than pursuing a retail CBDC in the near future.
Bahamas Will Require Banks to Support its CBDC
Reading Time: < 1 minuteThe Bahamas government is taking steps to boost the use of its “Sand Dollar” central bank digital currency (CBDC) by introducing a new law that will require commercial banks to support it.
The Central Bank of Iran Will Launch a Public CBDC Pilot This Month
Reading Time: < 1 minuteThe Central Bank of Iran (CBI) is initiating a public pilot for a national digital currency, focused on domestic micropayments.
US House Passes Anti-CBDC Bill
Reading Time: < 1 minuteIn a party-line vote, the US House of Representatives voted against the Federal Reserve’s plans to develop a central bank digital currency.
Canada’s Central Bank: Businesses Will Not Switch to CBDCs
Reading Time: < 1 minuteThe Bank of Canada is prepared to introduce its own digital currency if needed, but they believe that currently, most people in the country are not interested in adopting this new form of currency.
Users Will Be Able to Use Brazil’s CBDC Offline
Reading Time: < 1 minuteThis feature will be particularly beneficial for residents in remote regions where internet connectivity is not stable.
Canada’s Central Bank Says CBDC Implementation Will Not Affect Banking Sector
Reading Time: < 1 minuteDespite the country’s citizens showing little interest in using a token tied to the Canadian dollar, the central bank is still exploring CBDCs.
Philippines to Launch a Digital Currency in 2 Years
Reading Time: < 1 minuteThis initiative, known as the CBDC project, is expected to be implemented within the next two years, according to the bank’s governor Eli Remolona Jr.
Morgan Stanley: CBDCs Will Weaken US Dollar Influence
Reading Time: < 1 minuteAccording to analysts at Morgan Stanley, the use of these virtual currencies as payment methods is expected to transform the global financial system.
Ripple Says G20 Countries Will Issue Their Own Tokens
Reading Time: < 1 minuteAccording to information provided by Ripple, it has been determined that 19 countries belonging to the Group of Twenty (G19) have taken the initial steps or are currently in the process of implementing a CBDC.
Canada Residents Are Against a CBDC
Reading Time: < 1 minuteThe 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 minuteThe 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 minuteAccording 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 minuteAccording 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 minuteThe 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 minuteThe 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 minuteLast 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 minuteFlorida 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 minuteThe Central Bank of Israel has outlined the main conditions for the potential launch of a national digital currency, known as SHAKED.
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