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52 articles found
Latest
Brazil Brings Chainlink Onboard for CBDC Work
Banco Inter, Microsoft, 7COMm, and Chainlink have joined the second stage of Brazil’s DREX digital currency pilot, initiated by the Central Bank of Brazil. The first phase, launched in May 2023, tested the platform’s capabilities.
Germans Call for a Privacy-Focused CBDC
A Bundesbank study reveals that half of Germany's population is open to using a digital euro as an alternative payment method, although the remaining 49% somewhat oppose the idea.
The Swedish Central Bank Shares CBDC Development Insights
The Riksbank has published a report detailing the fourth phase of testing for the e-Krona. Throughout the pilot phase, which spanned from 2020 to 2023, the bank tested the e-Krona's fundamental use cases as a retail currency accessible to the general public. This iteration of the e-Krona was developed on the Corda distributed ledger platform by R3, with the central bank serving as a notary node responsible for verifying and finalizing transactions.
No CBDC Without Congressional Green Light: A Reality?
U.S. Republican Senators are drafting a bill aimed at preventing the Federal Reserve from autonomously deciding on the introduction of a Central Bank Digital Currency (CBDC).
Ripple's Take on CBDCs: Opportunities and Risks
Currently, 130 countries, contributing to 98% of the global GDP, are actively examining CBDC projects. CBDCs are being considered as a means to enhance financial accessibility, encourage payment innovations, and reduce fraud. The Bank for International Settlements anticipates that within a few years, 20% of the world’s population will have access to CBDCs.
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South Korea Set to Test CBDC
The Central Bank of South Korea is embarking on a significant trial of a Central Bank Digital Currency (CBDC), incorporating basic features. The research is designed to assess the practicality and effectiveness of introducing such a digital asset.
Ripple Partners with National Bank of Georgia for CBDC Project
“The National Bank of Georgia is taking a global lead in exploring how it can use blockchain technology to take its economy into the digital era.”
PetroChina Makes History with Digital Yuan Oil Trade
Chinese oil and gas giant PetroChina has achieved a historic milestone by completing the first international crude oil trade using China’s central bank digital currency (CBDC), the e-CNY.
The digital euro has embarked on a new phase
Following a comprehensive two-year study, the European Central Bank has initiated the next stage in the development of a potential central bank digital currency (CBDC).
The CBDC Momentum Gathers Pace
It's hard to miss the continuous stream of news about the introduction of national digital currencies. There's a noticeable trend emerging as governments worldwide intensify their efforts to maintain control over their monetary issuance authority.
Will Tether Leave Europe? MiCA Forces a Tough Choice
Tether, the long-standing leader in the stablecoin market with USDT, faces a tough decision. New MiCA regulations are pushing the company to either adapt to stricter rules or risk being excluded from the European Union.
Potential Ban Looms Over the Digital Dollar
The United States House Committee on Financial Services has approved a bill prohibiting the Federal Reserve from developing a central bank digital currency (CBDC) in the United States.
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Indian Railways Introduces NFT Train Tickets
Indian authorities strive to stay competitive in the crypto market. Their efforts span several sectors, including blockchain-based state registries, a Central Bank Digital Currency (CBDC) launch, and public metaverses. Indian Railways is now contributing to this technological push with its innovative offering.
The Pros and Cons of 'Britcoin': UK's CBDC in the Spotlight
The Bank of England, together with the UK's Treasury, is actively deliberating the risks and advantages of introducing a Central Bank Digital Currency, dubbed Britcoin. Their focus is on its potential economic impact and benefits for UK citizens.
UK Aims to Revamp CBDC Regulations
U.K. House of Commons Treasury Committee lawmakers, in its recent report, have urged the government to reconsider the regulations for a potential Central Bank Digital Currency (CBDC). Proposed changes include setting a lower limit on individual holdings (up to £3,000) and the option to earn interest on these holdings.
Philippine Officials Forge Ahead with New Technologies
The Philippines’ Bureau of the Treasury collaborates with the nation's central bank to use digital currency (CBDC) for the sale of tokenized government securities. This week, the government successfully raised $271 million through tokenized one-year bonds.
Major Banks Complete Stablecoin Transfers on Their Platform
Deutsche Bank and SC Ventures have successfully executed the first stablecoin swaps within the Universal Digital Payments Network (UDPN). This platform was established to facilitate transactions using stablecoins and Central Bank Digital Currencies (CBDC).
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EU regulators support a reasonable control of the digital euro
European information protection authorities have issued recommendations for regulating the central bank digital currency (CBDC), the digital euro.
A Modest Victory in Combating CBDC
Despite opposition from Democrats, a bill aimed at preventing CBDC has received approval from the Financial Services Committee of the U.S. House of Representatives.
U.S. Legislators Seek to Prevent CBDC Rollout
On September 20, the U.S. House Financial Services Committee will review two proposed bills targeting the suspension of Central Bank Digital Currency (CBDC) development.
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