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PortuguêsHong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion.…
Continue ReadingThe Digital Dollar Project and the Depository Trust & Clearing Corporation trialed a potential settlement system using tokenized securities and CBDC in real world conditions. The Digital Dollar Project (DDP)…
Continue ReadingThe central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for…
Continue ReadingIndia’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start…
Continue Reading“Unlike some cryptocurrencies using blockchain technology, the EIB’s blockchain bond issues do not lead to extensive energy use,” the bank wrote. According to a new press release on Nov. 29,…
Continue ReadingRoberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal…
Continue ReadingOne of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations. The National Bank of Ukraine (NBU) has introduced a draft concept…
Continue ReadingThere are a number of benefits associated with tokenized government bonds, yet adoption may take time. A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize…
Continue ReadingThe Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional…
Continue ReadingA survey of the continent’s central banks shows optimism about greater efficiency and inclusion, but several drawbacks remain; Nigeria already has an operational retail CBDC. Mobile money has been a…
Continue ReadingThe Japanese central bank plans to make a decision on whether to issue a digital currency by 2026. Despite Japan’s uncertainty on whether to issue a central bank digital currency…
Continue ReadingThe digital rupee is intended as a supplement to the current payment system and not its replacement. Having tested the wholesale usage of its central bank digital currency (CBDC), the…
Continue ReadingThe founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States. As much as we all would want last…
Continue ReadingCPI numbers from the U.S.-led markets to rally, leaving bitcoin in the dust as FTX shocked the crypto world. The Federal Reserve tests out a CBDC. “Fed Watch” is a…
Continue ReadingBanking giants including BNY Mellon, Citi, U.S. Bank and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot. The Federal…
Continue ReadingSt. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew…
Continue ReadingVTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select…
Continue ReadingThe payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets. United States payment…
Continue ReadingQueen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to…
Continue ReadingThe European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are…
Continue ReadingThe Bank of Korea, the central bank of South Korea, has successfully tested a program facilitating remittances across countries by linking central bank digital currencies (CBDCs) from different countries. The…
Continue ReadingThe CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to…
Continue ReadingThe European Commission is soon going to bring out legislation on the digital Euro, said European Central Bank (ECB) President Christine Lagarde. Lagarde was addressing the “Towards a legislative framework enabling…
Continue ReadingDespite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections. The United States will go to the voting booths…
Continue Reading“Let us envision that better future and build a digital euro that works for all Europeans,” said the queen in virtually addressing members of the European Commission. Máxima Zorreguieta Cerruti,…
Continue ReadingLooking to buy BTC to avoid the CBDC “horror story?” The best time was “yesterday,” the former BitMEX CEO says. Bitcoin (BTC) holders looking to avoid Central Bank Digital Currencies…
Continue ReadingRichard Werner discusses decentralization’s challenges and blockchain‘s role in it in an exclusive interview with Cointelegraph. CBDCs are a declaration of war against the banking system, Richard Werner — development…
Continue ReadingProject Cedar successfully used custom distributed ledger technology to settle hypothetical transactions quickly “from the perspective of the Federal Reserve.” The Federal Reserve Bank of New York Innovation Center has…
Continue ReadingThe Federal Reserve Bank of New York has published findings stemming from an experiment dubbed “Project Cedar,” a protocol that uses a wholesale digital dollar in order to improve financial…
Continue ReadingIn its New York subsidiary, the U.S. Federal Reserve (Fed) completed the first test of Project Cedar, the initiative testing a central bank digital currency (CBDC). The New York Innovation…
Continue ReadingThe Canadian federal government yesterday announced the launch of a consultation paper on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). The information was revealed in the Fall Economic Statement…
Continue ReadingCanada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation. The Canadian…
Continue ReadingBinance CEO Changpeng “CZ” Zhao says there is room for CBDCs and crypto, and that he didn’t see it as a threat to his company or the sector. Binance CEO…
Continue ReadingAccording to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as…
Continue ReadingChina’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume. Chinese central bank governor Yi Gang,…
Continue ReadingThe Monetary Authority of Singapore will trial a retail central bank digital currency in various contexts at a fintech event, despite the electronic payment options already available. The Monetary Authority…
Continue ReadingThe Reserve Bank of India, India’s central bank, has notified that its central bank digital currency (CBDC) pilot project will commence tomorrow. Earlier this month, the RBI announced the pilot…
Continue ReadingNow debuting the wholesale CBDC, the RBI plans to launch the digital rupee for the retail segment within a month in select locations. The Reserve Bank of India (RBI) is…
Continue ReadingThe central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to…
Continue ReadingThe central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by…
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