Tag: CBDC
Russia Approves Digital Currency CBDC Law!
The Russian State Duma passed the digital ruble bill on July 11. This development represents an important step for the CBDC currency. The new arrangement will be on President Putin’s…
Circle CEO Jeremy Allaire Offers China Stablecoin Instead of CBDC
Jeremy Allaire, CEO of Circle (USDC), one of the world’s largest stablecoin issuers, said that China should focus on stablecoins rather than central bank digital currencies (CBDC). Circle CEO Jeremy…
New CBDC Report from International Settlements Bank BIS!
The Bank for International Settlements BIS has shared a report on the relationship of CBDC currencies with decentralized finance. The report addresses the risks targeting the DeFi industry and CBDCs…
Stunning CBDC Comment from Crypto Company Executive: Insufficient!
Fadi Aboualfa, head of research at London-based crypto custodian Copper, stated that current digital central bank currencies (CBDC) are insufficient. Copper research manager Fadi Aboualfa in a statement, criticizing CBDCs…
Can Central Banks’ Digital Currencies (CBDC) Replace Cash? Here are the Expert Opinions!
Crypto brokerage firm Copper’s research director To Fadi Aboualfa available according to CBDC models are not equivalent to a decent amount of cash that people can use in day-to-day transactions.…
This Altcoin Starts CBDC Challenge! Whales Are Collecting From The Bottom!
Ripple is collaborating with top fintech experts for the latest CBDC Innovate Challenge. Meanwhile, the altcoin has lost 12 percent in the past week. However, whale addresses took advantage of…
IMF Working on a Global CBDC Platform
The International Monetary Fund (IMF) announced that they are working on a global platform where digital central bank currencies (CBDC) can be used. According to Reuters, IMF Managing Director Kristalina…
Hong Kong Tests CBDC Currency in Mortgage Market
Hong Kong, the special administrative region of the People’s Republic of China, continues to work for a digital currency. The Hong Kong Central Bank announced today that it will test…
Brazil Selected 14 Participants for CBDC Pilot Program: Visa and Microsoft Among them!
The Central Bank of Brazil (BCB) has announced 14 institutions selected to participate in the central bank digital currency (CBDC) pilot test. BCB announced on its official website on May…
Ripple Announces, XRP Price Reacts: Launches CBDC Platform For Central Banks
Cryptocurrency company Ripple (XRP) is launching its CBDC platform, which helps central banks, governments and financial institutions issue their own cryptocurrencies. Ripple issued a press release on May 18, central…
CBDC Currency Officially Banned in Florida
The use of central bank cryptocurrencies is now officially illegal in one of the largest states in the United States. Republican governor of Florida Ron DeSantis, announced in an official…
Approval to Bill Banning CBDC Payments from US North Carolina
The North Carolina House of Representatives will ban the use of digital central bank money (CBDC) issued by the US Federal Reserve (FED) for payments. The House of Representatives announced…
Florida Governor Bans CBDC Currency!
Ron DeSantis, the governor of the US state of Florida, announced that the federal government has decided to ban a digital currency that is likely to be released. Republican governor,…
India and United Arab Emirates to Work Together on CBDC
India and the United Arab Emirates (UAE) announced that they will cooperate on central bank digital currencies (CBDC) by launching a joint pilot program, according to a press release by…
SWIFT Takes Next Stage in CBDC Testing
Organization that plays an important role in international money transfers of banks SWIFTannounced in a statement that they encountered positive results in the CBDC test they had previously started. Running…
BIS Lists Benefits of CBDC in International Payments!
Bitcoin (BTC) and cryptocurrencies skeptical from the Bank for International Settlements (BIS) A new statement has come. Gathering the world’s central banks under one roof BISin a statement today central…
US Treasury Department Official: CBDC Studies Will Accelerate
Nellie Liang, a senior official at the US Treasury Department, told the media today. CBDC He talked about his project. Niang said that state financial institutions and the White House…
New CBDC Report from the European Central Bank!
European Central Bank ECBpublished a new report on the digital Euro, the leading agenda of the last months after inflation. In the report they published today, experts had an opinion…
US Congressman Wants to Block CBDC: It May Cause Some Trouble
In the United States, elected congressman Tom Emmer, the Federal Reserve’s digital currency (CBDC) He prepared a bill to prevent it from being put on the market. Emmer shared on…
Japan Begins CBDC Pilot Tests, Here Are the Details!
The Bank of Japan said on Friday, digital yen announced that it will launch a pilot program in April to test the use of its own version of the central…