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CBDC

BitClout 2.005

11 May 23

Central banks fear CBDC risks, can’t keep up with fintech regulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech Benchmarks 2023 brought into sharp focus the escalating conflict between emerging digital currencies and the traditional institutions that control monetary issuance. A significant proportion of central banks – approximately 73% – identified that their primary hurdle is staying abreast with […]

Blockchain Week Rome03

10 May 23

Hungarian central banker sees CBDC as promising technology

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Hungary is currently considering the potential benefits of launching a central bank digital currency (CBDC) in order to reach unbanked citizens, according to a high-ranking official’s statement. Despite being a European Union (EU) member state and therefore required to adopt the […]

Koto Crypto Launches02

08 May 23

Bank of Canada seeks public input on CBDC

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank of Canada has initiated an online public consultation to gather opinions on the characteristics of a digital Canadian dollar. The consultation, which started on May 13th, will remain open until June 19th. A rapid shift towards digital payments In recent […]

crytpo news court session blurry figures sitting in chairs judge with arm raised nft background day

04 May 23

North Carolina lawmakers pass bill opposing CBDC payments

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The House of Representatives of North Carolina has passed legislation to ban payments to the state using a central bank digital currency (CBDC). North Carolina passes legislation against CBDC use House Bill 690 was passed unanimously on May 3, with all […]

Blockfence and Forta Network2

22 Apr 23

DCMA launches crypto-based CBDC called unicoin

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Digital Currency Monetary Authority (DCMA) has announced the launch of its Universal Monetary Unit (UMU) dubbed unicoin. Unicoin is an international central bank digital currency (CBDC) that facilitates cross-border payments via digital currency rails. DCMA unveils Unicoin The Digital Currency […]

Spheroid to Launch4

20 Apr 23

Federal Reserve official says CBDC risks outweigh benefits

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Federal Reserve governor Michelle Bowman has expressed her concerns over the possible creation of a U.S. central bank digital currency (CBDC), arguing that the risks associated with CBDCs far outweigh their benefits. Bowman is not bullish on a U.S. […]

crypto news flag of Israel front side view blurry virtaul space background low poly style

18 Apr 23

Bank of Israel considers CBDC issuance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Although a final decision has not yet been made, the Bank of Israel has said it is formulating a plan to issue a central bank digital currency (CBDC). On April 17, the Bank of Israel Steering Committee on the potential issuance […]

Bluelight – economic strategy2

14 Apr 23

IMF to launch comprehensive CBDC handbook amid growing global interest

The International Monetary Fund (IMF) is set to release a detailed handbook on central bank digital currencies (CBDCs) to provide guidance and support as interest in digital currencies grows. The interest in central bank digital currencies (CBDCs) has reached an unprecedented level, leading to an increased demand for direction from the International Monetary Fund (IMF). […]

Blockchain Technology at the core of Maldives Digital Transformation2

13 Apr 23

G7 jumps in to aid in CBDC adoption

The wealthy nations that comprise the Group of Seven (G7) will prioritize determining how they can better assist poorer countries in introducing their central bank digital currency (CBDC). At a seminar held on April 11 in Washington, District of Columbia, Masato Kanda, Japan’s top financial diplomat, shared his thoughts. The failure of FTX was a harsh wake-up […]

crypto news Europe general view city background bright light low poly sty

11 Apr 23

Ripple leveraged by Montenegro’s Central Bank for CBDC project

The Central Bank of Montenegro (CBCG) is collaborating with Ripple to develop a strategy and pilot program for the country’s first Central Bank Digital Currency (CBDC), or national stablecoin. The collaboration was announced in an April 11 press release. Its aim is to advance the CBCG’s core objectives of digitizing financial services and enhancing financial […]

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