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Nalezeno "UK CBDC": 2954

China’s 180M digital yuan airdrop, Devastation in Turkey, Laos’ CBDC: Asia Express

9.2.2023
Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.6 million...

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...

Here's Why Cardano's New Stablecoin Could Be a Game Changer

9.2.2023
Read More: Here's Why Cardano's New Stablecoin Could Be a Game Changer

Digital Gold Traded for Digital Rubles by Russia’s Rosbank

9.2.2023
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking...

5,000 Merchants in India Now Accept Payments in Digital Rupee: Deputy Governor

9.2.2023
5,000 merchants and 50,000 users are now participating in India’s CBDC pilot project, the RBI’s deputy governor has said, noting that the central bank intends to proceed with the project slowly to avoid unwanted fallouts. Rabi Sankar, Deputy Governor at Reserve Bank of India (RBI), announced...

Today in Crypto: Brave Reveals Solana Dapp Support, Revolut Announces Crypto Staking Support, Binance Full Audit is ‘Some Way Off’

8.2.2023
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: Brave Reveals Solana Dapp Support, Revolut Announces Crypto Staking Support, Binance Full Audit is ‘Some...

India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users

8.2.2023
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said

Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income

8.2.2023
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency

Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar

8.2.2023
Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies...

BIS to launch stablecoin monitoring project and up focus on CBDC experiments

8.2.2023
The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets

Unpacking India's CBDC Pilots as Country Prepares for Digital Rupee

8.2.2023
India wants to launch its central bank digital currency at a national level by the end of 2023, but early into its pilot, the Reserve Bank of India has identified challenges

Laotian CBDC proof of concept project to launch using system pioneered in Cambodia

7.2.2023
The Laotian central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement

UK's digital pound would modernize payments but won't replace cash: Minister

7.2.2023
Finance minister Jeremy Hunt says the digital pound, or "Britcoin" would be issued and backed by the Bank of England, but won't negate the use of cash

China doles out millions in digital yuan in bid to boost adoption: Report

6.2.2023
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season

UK is 'likely' to need digital currency, says BoE and Treasury: Report

4.2.2023
The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation

Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

3.2.2023
The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

3.2.2023
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s...