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Reserve Bank of Australia Unveils Proposed CBDC Use Cases
5.3.2023
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers...
India explores offline functionality of CBDCs: RBI executive director
4.3.2023
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries
India’s Central Bank Digital Currency Will Act as Alternative to Cryptocurrency, Says RBI Official
4.3.2023
An official of India’s central bank, the Reserve Bank of India (RBI), says that the country’s central bank digital currency (CBDC) will act as an alternative to cryptocurrency. He stressed that the digital rupee must possess all the attributes of physical currency, including anonymity....
US Treasury-led CBDC Working Group looking at technical issues, national interest
2.3.2023
Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar
Proposed South Dakota amendment to UCC would prohibit cryptocurrencies, but not CBDC
2.3.2023
The bill authored by a Republican state legislator would prevent the use of cryptocurrency as a medium of exchange after July 1, 2024
Top Official Says US Treasury Assessing Viability of Digital Dollar – Here's the Latest
2.3.2023
The US is actively evaluating whether a digital version of the dollar is in the national interest, the US Treasury Department's undersecretary for domestic finance, Nellie Liang has said.
The work to assess the viability of a digital dollar – a form of central bank digital currency (CBDC) – is...
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
2.3.2023
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options...
Hong Kong citizens not interested in digital yuan: Reports
2.3.2023
Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from the islanders
China's Digital Yuan Fails to Gain Traction with Hong Kong Visitors – Is China's Digital Currency Facing a Roadblock?
2.3.2023
Shenzhen, China started offering physical cards and discounts to Hong Kong tourists in order to drive the cross-border use of its digital yuan - but the first few days seem to have been a bit slow.
Per the state-backed Shenzhen News, the country's first digital yuan hard wallet self-service card...
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
1.3.2023
The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway
Australian central bank to launch 'live pilot' of CBDC in coming months
1.3.2023
The use cases for the CBDC ranged from offline payments to "trusted Web3 commerce" and financial industry participants were invited to undertake a live pilot
Nigeria Picks Bola Tinubu as President Amid Cash Shortages
1.3.2023
Tinubu will replace outgoing President Muhammadu Buhari, under whose government the country issued the eNaira and banned banks from interacting with crypto firms
United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden advisor
1.3.2023
Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country's national interests
Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar
1.3.2023
A recent top economic advisor for President Joe Biden, Daleep Singh, told U.S. senators on Tuesday that the administration was in active pursuit of a digital dollar as a means to crowd out private cryptocurrencies that enable ransomware and sanctions violations
Brazilian Central Bank: CBDC Designed to Help New Businesses
28.2.2023
The Brazilian Central Bank says that its central bank digital currency (CBDC) – the digital real – is being designed to help now domestic businesses grow. The bank is also looking to tighten the regulations surrounding cryptoassets.
The newspaper O Globo reported that Roberto Campos Neto,...
Bank of England has no tech skills to issue CBDC yet: Deputy governor
28.2.2023
BoE deputy governor Jon Cunliffe compared a potential digital pound with iPhone’s Apple Store as it could “open a new frontier for people to improve payments.”
DLT Not Efficient Enough to Power CBDCs: BOE’s Cunliffe
28.2.2023
The Bank of England is experimenting with tokenizing assets for real estate sales, as well as developing a digital pound, lawmakers were told
Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27
27.2.2023
United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency
China’s Digital Yuan Can Now Be Used to Pay Highway Toll Fees on Major Routes
27.2.2023
China’s digital yuan adoption drive is now focusing on transport networks. And drivers have been green-lighted to use the token to pay tolls on some of the nation’s busiest highways.
Per Shenzhen Securities Times and Sina Finance, Jiangsu Province’s Department of Transport has announced that toll...
Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors
27.2.2023
A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used...