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Citi Bank Report: Most Global Security Firms Back CBDCs For Faster Payments
23.8.2023
A new research conducted by banking giant, Citi, shows that most financial institutions are leaning toward adopting Central Bank Digital Currencies (CBDCs) for faster global payments.
In its latest edition of the Securities Services Evolution, the bank surveyed 12 financial market infrastructures...
Report: Australia Explores CBDC Use Cases in Four Key Areas, Says Technology is “Some Years Away”
23.8.2023
The Reserve Bank of Australia (RBA), the country’s de-facto central bank, released the findings of its central bank digital currency (CBDC) pilot project which has the potential “to support increased efficiency and resilience in some areas of the payments system”.
Per a report released...
CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
23.8.2023
The year-on-year growing support for digital cash is supported by ongoing domestic pilots and cross-border initiatives taken up by various jurisdictions, CitiBank's survery found
Australia's CBDC Likely Some Years Away, Central Bank Says
23.8.2023
Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues
Russian Banks MTS, PSB Say Customers Are Now Using Digital Ruble
23.8.2023
The Russian banks MTS and PSB have begun testing the digital ruble, with “entrepreneurs” using the CBDC to pay for “services.”
The nation’s Central Bank has fast-tracked its CBDC project in recent weeks, and is eyeing a 2025-2027 national rollout.
The banks, along with the likes of VTB Bank,...
Australian CBDC could be useful for payments, tokenization, says RBA
23.8.2023
The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency
Central Bank of Brazil Rebrands CBDC to ‘Drex,’ Launch Expected by 2024
22.8.2023
The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital...
Mastercard Launches CBDC Partner Program
22.8.2023
Mastercard, the credit behemoth, announced the launch of a new program to widen its understanding of central bank digital currency (CBDC) and its possible applications. The CBDC Partner Program will be integrated by Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient,...
Russian Central Bank: Digital Rubles Will Be Classified as ‘Highly Valuable Liquid Assets’
22.8.2023
The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.
Central banks typically classify assets such as fiat cash, central bank reserves,...
Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns
22.8.2023
The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal...
Russian Analyst: Digital Ruble ‘Brings No Benefits’ for Ordinary Citizens
19.8.2023
A Russian analyst has claimed that the digital ruble, the nation’s CBDC, will bring no benefits to ordinary citizens.
The comments were made by Anastasia Tselykh, a special correspondent at RTVI in her most recent column for the media outlet.
The Central Bank launched a pilot this week, which...
Mastercard Launches Forum for Crypto Industry Players to Discuss CBDCs
18.8.2023
Payments giant Mastercard has established a forum to facilitate discussions and collaboration among industry players in the cryptocurrency sphere regarding central bank digital currencies (CBDCs).
In a Thursday blog post, Mastercard said that the CBDC Partner Program has already attracted...
Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations
18.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable...
Mastercard launches CBDC Partner Program for Central Banks and crypto ventures
18.8.2023
Mastercard has launched the CBDC Partner Program with the objective of bringing together Central Banks and crypto ventures all over the world. The idea is to learn from each other and help accelerate the development and adoption of digital tokens. The news has been confirmed by Michael Miebach,...
China’s Shanghai and Suzhou Ready Fresh CBDC Adoption Drive
18.8.2023
The Chinese cities of Shanghai and Suzhou are eyeing more digital yuan adoption progress as the nation tries to drive up interest in its CBDC.
The central People’s Bank of China (PBoC) recently claimed that almost $250 billion worth of CBDC transactions had been processed in the nation to date....
Russian Regions Say CBDC Will Help Them Fight Corruption
18.8.2023
Russian regions say that the nation’s CBDC, the digital ruble, will help them fight corruption by “eliminating the shadow economy.”
Per Dela, an economy-focused newspaper that covers the Krasnoyarsk Krai region, officials in Siberia are keen to use the coin to conduct their business....
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Ripple, Consensys participate in Mastercard program to promote CBDC innovation
17.8.2023
The payment processor has enlisted a range of market players in its quest for innovation and efficiencies in a technology that 93% of central banks are investigating
Colombia central bank recommends limiting CBDC holdings and spending
17.8.2023
Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia
US Rep. Warren Davidson Claims Some XRP Holders “So Hyper-Defensive” of Ripple’s CBDC Work
17.8.2023
US Congressman Warren Davidson who has been increasingly vocal against a central bank digital currency (CBDC) lately, said that some Ripple token (XRP) holders are “hyper-defensive” about Ripple’s recent CBDC moves.
In a Twitter (X) post on Aug. 15, Davidson noted that he was surprised by...
Kazakhstan Takes Another Step Closer to CBDC Launch – Digital Tenge on Its Way?
17.8.2023
Kazakhstan is edging closer to the “launch” of a CBDC, making it the latest former Soviet nation to announce its foray into the digital fiat sphere.
Per Telesputnik, the Central Bank laid out a detailed proposal for a digital version of the fiat tenge to the nation’s Supreme Audit Chamber.
The...