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New Zealand Begins Plans To Introduce CBDC
17.4.2024
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.
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Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years
11.4.2024
Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market that the launch will begin next year....
India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
6.4.2024
India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative...
UAE Introduces CBDC Implementation Strategy – Here’s What’s Inside
26.3.2024
The UAE's central bank has announced a comprehensive strategy to implement a central bank digital currency (CBDC) for retail and wholesale use. In partnership with technology providers R3 and G42 Cloud, the UAE envisions that digital dirham will streamline cross-border transactions, enhance...
Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets
25.3.2024
The Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized assets that meet their specific needs. These custom tokenized assets or confidential assets, will be untraceable on the Zano blockchain. The team believes that...
Sweden’s Riksbank Releases Final Report on CBDC Project
21.3.2024
Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.
The post Sweden’s Riksbank Releases Final Report on CBDC Project appeared first on Cryptonews
Hong Kong Central Bank Raises Red Flag on Deceptive Digital Currency Trial Entities
21.3.2024
Hong Kong's central bank cautioned the public Wednesday about schemes falsely claiming association with its e-HKD pilot projects. The warning comes as Hong Kong explores the potential of a central bank digital currency through various trial projects.
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Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC
19.3.2024
The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making...
Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study
14.3.2024
An Atlantic Council study showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.
The post Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study...
Israel Plans to Launch Interest-Bearing CBDC – Here’s What You Need to Know
12.3.2024
On March 11, the Central Bank of Israel unveiled plans for a Central Bank Digital Currency (CBDC). Known as ‘digital shekel’ the unique CBDC will be interest-bearing, marking a departure from existing digital currencies.
The post Israel Plans to Launch Interest-Bearing CBDC – Here’s What...
Nigerian Central Bank, Real-World Asset Firm Partner to Revive Struggling CBDC
9.3.2024
Gluwa, a platform for real-world assets, announced on March 7 its partnership with the Central Bank of Nigeria. The partnership arrangement aims to improve the functionality of the Nigerian central bank’s digital currency and promote financial innovation through blockchain technology. Improving...
Jerome Powell Clarifies: US Far From Introducing a Central Bank Digital Currency
8.3.2024
Federal Reserve Chair Jerome Powell stated before the Senate Committee on Banking, Housing, and Urban Affairs that the United States is far from adopting or even recommending the introduction of a central bank digital currency (CBDC), emphasizing a significant distance from such a possibility....
Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
7.3.2024
Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Ahead In...
Hong Kong Central Bank Launches Wholesale CBDC Project to Foster Tokenization
7.3.2024
Hong Kong's central bank has announced the launch of a new project called "Project Ensemble," aimed at supporting the development of the tokenization market in the city-state through a wholesale central bank digital currency (wCBDC).
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Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins
28.2.2024
The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a significant milestone in the digital currency landscape...
CBDC Anti-Surveillance State Act Back in the Senate
28.2.2024
The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank...
U.S. Republican Senators Renew Efforts to Block CBDC Implementation
27.2.2024
US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches....
Indian National Payments Corporation Exec Optimistic on RBI’s CBDC Efforts
20.2.2024
Dilip Asbe said the Reserve Bank of India’s new central bank digital currency (CBDC) plans could drive the next fintech wave.
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Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset
18.2.2024
A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding bitcoin exchange-traded funds (ETFs) as their...
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
15.2.2024
Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework...