Tags CBDC

Tag: CBDC

CBDC as a store of value threatens financial system, says German official

Burkhard Balz, a German politician and executive board member of the country's central bank, said in a speech on Oct. 20 that it...

Japanese messaging giant Line developing CBDC platform

Line, a Tokyo-based subsidiary of the South Korean internet search engine company Naver, is building a platform for developing central bank digital currencies,...

R3’s public Corda Network gets its first token ‘XDC’ for DeFi and CBDC projects

Cordite Society, a co-operative society registered in the U.K., has launched "XDC" — the first token built on R3's public Corda Network. XDC is...

With job listing, Canada’s central bank takes additional steps towards a CBDC

The Bank of Canada is looking to hire an economist who has a deep knowledge of financial technology and digital currencies, potentially signaling...

Reserve Bank of Australia still researching the CBDC it says it doesn’t need

The Reserve Bank of Australia has revealed it’s continuing to research a central bank digital currency (CBDC) less than a month after stating...

Deputy Treasury Secretary Discusses US CBDC Plans

The U.S. Treasury Department is evaluating the merits of a government-sponsored digital currency, said one of its top officials Wednesday.Deputy Treasury Secretary Justin...

ConsenSys wins contract for Thailand-Hong Kong CBDC project

Blockchain firm ConsenSys announced Sep. 25 that it had been awarded the contract for a cross-border payment project between Thailand and Hong Kong.The company...

Interoperability Will Determine CBDC Winners and Losers

As Congress debates the potential of a second coronavirus stimulus bill, 9 million Americans are still waiting...

Australian CBDC seems unnecessary right now, says Reserve Bank of Australia

As nations jostle around to launch CBDCs, the possibility of an Australian CBDC has been rejected by the country’s central bank. The...

The Blockchain Service Network will stimulate China’s CBDC plans

From the Chinese government’s perspective, cryptocurrencies are not considered legal tender; instead, they are categorized under a type of “virtual commodity," but some...

MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use

The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling...

Brazil’s central bank examines the benefits of a CBDC

The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC)...

Why the Rise of the CBDC Is Bad for Your Privacy

Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden...

MIT and Boston Fed launch research on CBDC creation

The Federal Reserve and Massachusetts Institute of Technology are about to begin research on CBDC creation. Despite massive moves from countries around...

Philippines Central Financial institution Turns into the Newest to Take into account Issuing a CBDC

The Philippines has develop into the newest nation to take a look at the opportunity of releasing its personal central financial institution digital...

Digital Yuan CBDC Momentum Grows as Extra Chinese language Companies Get to Testing

Regardless of the worldwide financial disaster and the results of the coronavirus pandemic, the event of the Chinese language nationwide cryptocurrency, the Digital...

Financial institution of Thailand Enters Third Part of CBDC Improvement; Now “Utilizing CBDC with Massive Companies”

The Financial institution of Thailand (BOT) introduced Wednesday that's has entered third-phase growth of its central financial institution digital forex (CBDC).BOT is...

COVID-19 has accelerated the necessity to develop CBDC, says BIS Report

The annual BIS Report by Financial institution of Worldwide Settlements has been launched, and it says that Coronavirus pandemic has accelerated the necessity...

CBDC Issuance Is ‘Not a Response’ to Libra, Says Central Financial institution Physique

The Financial institution for Worldwide Settlements (BIS), the so-called financial institution for central banks, rejected the favored narrative that personal sector stablecoin proposals...

Canada’s Central Financial institution Is Severe About Designing a CBDC, Job Posting Reveals

After years of analysis, the Financial institution of Canada is getting ready to design its personal central financial institution digital foreign money (CDBC). Revealing...

Digital Greenback Challenge Requires 2-Tiered Distribution System in First White Paper for US CBDC

The Digital Greenback Challenge is proposing a framework for the creation of a U.S. central financial institution digital foreign money (CBDC). The group printed...

Financial institution of England: No Compromise on Our Rules for Any Future CBDC

The Financial institution of England (BoE) has dug its heels in and stated it will not be informed what to do by any...

‘Recreation-Changer’ Retail CBDC Now ECB’s Focus, Yves Mersch Says

The European Central Financial institution (ECB) is trying into what a retail central financial institution digital forex (CBDC) type of the euro may...

Digital Euro: Dutch central financial institution needs to play “main position” in CBDC improvement

The central financial institution of the Netherlands, De Nederlandsche Financial institution (DNB), needs to turn out to be the proving floor for the...

Dutch Central Financial institution Needs to Be European Union’s CBDC Proving Floor

The Dutch Central Financial institution (DNB) thinks the Eurosystem’s central financial institution digital foreign money (CBDC) must be extra programmable than bitcoin. Saying on...

Why a Central Financial institution Digital Foreign money (CBDC) Will Be Launched Quickly

Fast take: The three main economies of China, France, and South Korea have not too long ago been linked with expressing curiosity in launching...
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