Tag: CBDC
Economist Points This Altcoin For The CBDC System!
World-renowned economist and former Goldman Sachs executive Raoul Pal talked about the future of CBDCs (digital currencies issued within the central bank). Pal, currently CEO of Real Vision, is on…
Norway Announces Blockchain Preference for CBDC!
Cryptocurrencies remain in the limelight of the world right now. Despite all the criticism, it seems to be permanent. The fact that the world’s major economic centers take crypto technology…
Preparing for CBDC in India!
According to an Indian economics publication, Reserve Bank of India (RBI)is making preparations for the local CBDC. According to the report, RBI is working on testing a digital currency (CBDC)…
Nigeria Announces First Results of Using Digital Currency: How Many Transactions with CBDC?
Nigeria’s central bank digital currency (CBDC) eNaira has been used to process 4 billion naira ($9.3 million) worth of transactions since its launch last October, according to the country’s central…
DFMI Begins Preparations for CBDC Tests in the UK
It has been announced that a cross-industry consortium has been established in the UK to design and test new ways of payment for the global financial system, the DFMI (Digital…
ECB Deems Bitcoin (BTC) Unsatisfactory for Cross-Border Payments: CBDC Stands Out
According to a recent study by the European Central Bank (ECB), CBDCs seem to be more valid and useful than Bitcoin for cross-border payments. According to the results of the…
Central Banks Should Collaborate on CBDC -BIS
According to the Bank for International Settlements (BIS), central banks can collaborate in developing central bank digital currencies (CBDC) to make cross-border payment transactions more efficient. In the report prepared…
Reserve Bank of India Official Takes Anti-Crypto Stance: CBDC and Blockchain Statement
T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), took an anti-crypto stance, comparing blockchain to his own payment systems. RBI Vice-President Sankar met with the International…
Chile Postpones CBDC Plans – Coin Bulletin
The South American country of Chile announced that it is suspending its digital central bank currency (CBDC) plans until the end of 2022 in order to conduct further analysis. According…
WeChat Involved in Pilot Program of CBDC Digital Yuan: Launching in 23 Cities
WeChat, the social media platform owned by China’s technology giant Tencent Group, has joined the pilot program of the country’s digital central bank currency (CBDC) digital yuan. more than 1…
Bitcoin And CBDC Statement From The US Senator!
Bitcoin (BTC) and cryptocurrency prominent in opposition US Senator Elizabeth Warren He participated in NBC’s “Meet the Press Reports”. Buying Bitcoin Is Like Buying Air! Speaking about Bitcoin and cryptocurrencies,…
Bank of Canada to Collaborate with MIT for CBDC Research
The Bank of Canada has announced that it has partnered with the Massachusetts Institute of Technology (MIT) as part of a 12-month project to design and develop a Digital Central…
Praise to CBDC from the Minister of Finance of India
Indiacentral bank digital currency (CBDC) or aka “digital rupee“It looks like it has stepped up its plans to realize it. It is known that the Ministry of Finance has held…
Brazilian Central Bank Agresses with 9 Institutions for CBDC Research and Development
The Central Bank of Brazil announced that it has selected nine institutions to assist in digital central bank currency (CBDC) research and development. Brazil’s Central Bank announced on March 3…
Brazil Selects 9 Joint Projects for CBDC
Brazilian Central Bankthe country’s central bank digital currency (CBDC) to help develop 9 partners determined. Partners include crypto exchange Mercado Bitcoin, Santander Brasil, Itaú Unibanco, decentralized finance (DeFi) platform Aave,…
Abandoning His Old Attitude, Jordan Takes Warmth to CBDC
CBDCJordan plans to legalize digital currency trading in the future. in 2014 digital money Jordan, which was among the first countries to ban currency units, was the last country to…
Boston Fed and MIT Publish Technological Research on CBDC
The Boston Federal Reserve Bank and Massachusetts Institute of Technology (MIT) have released technical research and open source code that could serve as the basis for a long-awaited potential digital…
Northeast Australia at the CBDC Race “Me Too!” Said.
While China remains the undisputed competitor of the CBDC race, important news has come from Northeast Australia! The Sovereign Yidindji Government (SYG) has successfully issued and distributed the Sovereign Yidindji…
Former Bank of Japan Official Warns of Use of CBDC in the Financial Sector
Hiromi Yamaoka, former Head of the Bank of Japan’s (BOJ) Financial Reconciliation Department, has warned against using digital central bank money (CBDC) as part of the country’s monetary policy. Bloomberg’s…
China’s Leading Service Provider Boosts Nationwide CBDC Adoption
Meituan, a leading service provider in China, said its users can shop at over 200 offline businesses, including restaurants, convenience stores, cinemas and hotels, using China’s digital central bank currency…