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Chile Edging Closer to CBDC Launch


Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s plans. The post Chile Edging Closer to CBDC Launch appeared first on Cryptonews

World Economic Forum Study Reveals 98% of Central Banks Are Eyeing CBDCs


The World Economic Forum recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored the potential of wCBDCs to alleviate significant industry challenges and address key pain points. The post World Economic Forum Study Reveals 98% of Central...

Reserve Bank of New Zealand Releases Digital Currency Consultation Paper


The Reserve Bank of Zealand has said the proposed digital version of the country’s physical cash would provide universal access to central bank money, either in physical cash or digital form. According to the central bank, the digital version will not only be government-backed but will also...

Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency


The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied...

New Zealand Begins Plans To Introduce CBDC


An open survey on "Digital Cash," a potential central bank digital currency (CBDC), has begun, according to the Reserve Bank of New Zealand (RBNZ). This was revealed in a consultation document that the central bank published on April 17. The post New Zealand Begins Plans To Introduce CBDC appeared...

Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments


The Bank of Israel is launching a sandbox environment for testing CBDC said in a statement use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications. The post Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments...

South Korean Central Bank to ‘Speed up’ CBDC Project


The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year. The post South Korean Central Bank to ‘Speed up’ CBDC Project appeared first on Cryptonews

Reserve Bank of Fiji Says Crypto Not Recognised as Legal Tender


The central bank of the Pacific island country of Fiji has released a note to the public cautioning that investment in cryptocurrencies and virtual assets such as Bitcoin, Ethereum, Tether are not recognised as legal tender in the country. The post Reserve Bank of Fiji Says Crypto Not Recognised...

Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics


As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for...

Russian Fintech Startups Join Digital Ruble Pilot


Russian fintech firms have begun joining the country’s rapidly progressing digital ruble pilot as the Central Bank looks to widen the scope of its CBDC project. The post Russian Fintech Startups Join Digital Ruble Pilot appeared first on Cryptonews

Markets Tumble as Fed Rate Cut Expectations Diminish


Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland...

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