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Nalezeno "G7 CBDC": 2912

Fed paper looks at theoretical role of remuneration, convenience in CBDC design

17.11.2022
The discussion paper reviews the literature on the impact of CBDCs in large, developed economies and draws some conclusions and specific design elements

MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve

16.11.2022
Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system. The pilot dubbed the “regulated liability network,” will be conducted in a test environment using...

NY Fed launches 12-week CBDC pilot program with major banks

15.11.2022
Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot

St. Kitts and Nevis to Explore Possibility of Making Bitcoin Cash Legal Tender by March 2023

14.11.2022
St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country, declaring that Bitcoin Cash mining activities will also...

Russia’s Digital Ruble Integrated Into Banking App

12.11.2022
VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be able to join the trials. VTB’s Mobile App to Support...

New York Fed collaborates with Singapore MAS to explore CBDCs

11.11.2022
A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions

Zimbabwean Central Bank Launches CBDC Consumer Survey

11.11.2022
The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the information obtained via this process will...

The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury

10.11.2022
The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets

David Chaum Rolls Out Privacy-Protecting CBDC Technology

10.11.2022

Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro

10.11.2022
Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term...

Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

10.11.2022
The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender status and determine its privacy features....

New Report: Russian Central Bank Looks to Integrate ‘Digital Assets’ Into its Financial System

8.11.2022
The Central Bank of Russia (CBR) has released a report that focuses on digital assets and how the new technology could be integrated into its traditional financial system. On Monday, Russia’s central bank shared a 32-pages-long public consultation report titled 'Digital Assets in Russian...

Nifty News: Royalty-enforcing NFTs a 'new asset class,' South Korea buys NFTs with CBDC, and more

8.11.2022
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them

Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7

7.11.2022
Despite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections

Queen Máxima of the Netherlands comes out in support of digital euro

7.11.2022
"Let us envision that better future and build a digital euro that works for all Europeans," said the queen in virtually addressing members of the European Commission

Bank of Korea Tested NFT Trading, Remittances With CBDC: Report

7.11.2022
The central bank has completed a 10-month-long experiment of a digital South Korean won

S Korea Claims Cross-border CBDC Success, Chinese Bank Chief Says e-CNY Will Boost Trade

7.11.2022
East Asia could become the central bank digital currency world’s center of gravity – with major cross-border functionality advances on the cards in China and South Korea. In South Korea, the central Bank of Korea (BOK) has claimed that its “second phase” of pilots has now been “successfully...