2024-11-20 19:19 |
The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
Similar to Notcoin - Blum - Airdrops In 2024
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Morocco has drafted regulations for the crypto sector, its central bank's head said.The country will also continue to explore whether or not central bank digital currencies can contribute to the country's policy objectives.
2024-11-27 19:21 | |
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The key figure behind Russia’s central bank digital currency initiative has resigned from the central bank, ending her leadership role in the country’s digital currency initiative. A key mastermind behind Russia‘s central bank digital currency — also known as the…
2024-11-26 13:22 | |
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The Reserve Bank of India prioritizes the long-term potential of central bank digital currencies but is holding off on a full rollout until its effects are better understood. India‘s central bank is taking a measured approach to launching a central…
2024-11-20 10:28 | |
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Brazil’s government is set to enhance its cooperation with the central bank to tackle regulatory issues surrounding cryptocurrency and meal vouchers. This initiative is anticipated to take shape next year with the appointment of Gabriel Galipolo as the new central bank president.
2024-10-17 17:52 | |
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The Central Bank of Brazil is receiving proposal applications from companies that wish to participate in the nation’s central bank digital currency pilot, Drex from Oct. 14 until Nov. 29. Brazil Central Bank announced that it has already approved 13…
2024-10-14 12:57 | |
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Canada is shifting its focus away from a retail central bank digital currency after years of research, its central bank announced last week.
2024-9-23 10:29 | |
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Azerbaijan is taking a cautious approach to the development of a central bank digital currency, citing concerns over monetary policy and financial stability. The Central Bank of Azerbaijan hasn’t made plans to issue a central bank digital currency at this…
2024-8-2 14:35 | |
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The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds.
2024-7-8 13:21 | |
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The Reserve Bank of Australia has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency.
2023-8-23 03:44 | |
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The Central Bank of Honduras (BCH) has taken a significant step toward the potential launch of its own central bank digital currency (CBDC) by initiating a pilot study and opening a public consultation.
2023-8-6 16:09 | |
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The Fed is nearing its peak policy rate, the European Central Bank looks to keep tightening, while China is lowering interest rates.
2023-7-6 09:00 | |
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2023-6-29 00:08 | |
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The Central Bank of Kenya (CBK) is open to the idea of a central bank digital currency (CBDC). Even so, considering the fading allure of CBDCs globally and the availability of alternative payment solutions in the East African nation, the central bank has, in a press release on June 2, said implementing a digitized version of the […]
2023-6-3 21:39 | |
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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…
2023-4-11 12:55 | |
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The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation.
2023-4-11 12:46 | |
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The Central Reserve Bank of Peru has released a report on the development of a central bank digital currency and promises more reports as its research continues.
2023-4-6 00:59 | |
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The D.C.-based think tank views a central bank digital currency as a danger to citizens’ privacy.
2023-4-6 21:30 | |
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India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions in order to maintain anonymity.
2023-3-22 16:26 | |
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The Saudi Central Bank (SAMA) has announced its ongoing experiment with Central Bank Digital Currencies (CBDCs). SAMA is working with local banks and FinTechs to better realize the potential uses of domestic or national wholesale CBDCs.
2023-1-25 12:51 | |
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Tanzania is exploring the potential of central bank digital currency with a new initiative from its central bank, the Bank of Tanzania (BoT). The central bank is looking into the possibility of creating a digital version of the Tanzanian shilling, in line with the growing trend among central banks worldwide to examine the use of digital currencies as a way to enhance financial inclusion and improve the efficiency of monetary policy.
2023-1-18 01:00 | |
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Privacy protection is one of the top issues when it comes to Central Bank Digital Currency application, according to China's Central Bank Governor.
2022-11-1 22:22 | |
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A report by the European Central Bank (ECB) has found that central bank digital currencies (CBDC) could be the “holy grail” of cross-border payments. The post European Central Bank Hails CBDC ‘Holy Grail’ of Cross Border Payments appeared first on BeInCrypto.
2022-8-3 07:42 | |
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The central bank will detail a framework to ensure businesses are properly regulated within its jurisdiction while encouraging business in the ecosystem.
2022-7-21 17:11 | |
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Cryptocurrencies issued by private companies could be better than central bank digital currencies (CBDCs) if the firms are regulated appropriately, Phillip Lowe, governor of the Australian central bank, said on July 17, according to a Reuters report.
2022-7-19 06:00 | |
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Australian central bank governor Phillip Lowe said at a G20 event that regulated private tokens could be better than Central Bank Digital Currencies. The post Australian Central Bank Governor Prefers Privately Issued Tokens Over CBDCs appeared first on BeInCrypto.
2022-7-18 21:00 | |
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Not all countries “play nicely” with each other, complicating how central bank digital currencies will interact with other payment systems, said Cecilia Skingsley, first deputy governor at the Swedish central bank.
2022-6-29 00:00 | |
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The price of bitcoin and other major cryptocurrencies fell amid testimony by U.S. central bank Chair Jerome Powell, who said a recession might not be avoidable.
2022-6-23 23:49 | |
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The central bank is expected to set a direction for its future focus soon, particularly on various fintech verticals.
2022-3-19 15:35 | |
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On Thursday, the Central Bank of Russia said that it had granted Sberbank a license to issue and exchange digital assets. The move comes just two months after the central bank urged for a complete ban on cryptocurrency trading, mining, and use.
2022-3-18 08:55 | |
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Hirees will build expertise in areas such as DeFi, NFTs, stablecoins and central bank digital currencies, according to the payment giant’s job listing.
2022-3-15 22:34 | |
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2022-3-1 16:17 | |
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Brokers will not be able to execute trades on Russian equities for non-residents as central bank prepares for a tumultuous market opening.
2022-3-1 10:42 | |
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While the central bank announced its intention to launch a CBDC, exact details are still scarce.
2022-2-15 19:30 | |
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Chinese central bank has released DCEP wallets for both Android and iOS smartphones
2022-1-4 12:37 | |
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While Russian President Vladimir Putin supports crypto as a means of payment, the country’s central bank remains skeptical about them. “We are advocating for Russia’s financial infrastructure not to be used for investments into cryptocurrencies, and this is possible to implement,” Governor Elvira Nabiullina told a briefing on Friday.
2021-12-18 22:11 | |
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Crypto investors know well by now that institutions like the European Central Bank [ECB] are suspicious of stablecoins and often warn of their risks. On 10 December, Fabio Panetta, an executive boaThe post CBDC: European Central Bank exec worries digital euro may hurt foreign currencies appeared first on AMBCrypto.
2021-12-11 02:30 | |
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As Bitcoin has been declared ‘haram’ in Indonesia and the country’s Central Bank considers issuing a digital rupiah, an official suggested in the parliament that a central bank digital currency (CBDC) would be instrumental in fighting the threat that cryptocurrencies’ trading represents for the banks and fiat money.
2021-12-1 22:00 | |
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The Central Reserve Bank of Peru’s (BCRP) President, Julio Velarde, announced they are working on developing a CBDC in collaboration with other central banks around the globe. As the country experiences instability and inflation in goods and services, the central bank discusses financial models to fight the imminent crisis.
2021-11-18 02:59 | |
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The Central Bank of Nigeria has sent a detailed document regarding central bank digital currency (CBDC) guidance to financial institutions in the country. The document covers the testing and implementation of the e-Naira.
2021-8-31 13:01 | |
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The President of the Banco Central do Brasil (BCB) also known as the Central Bank of Brazil has stated that it is important to have robust cryptocurrency regulatory policies in place, to address the increased interest in the nascent technology.
2021-8-22 23:00 | |
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While most central banks around the world are moving to curb cryptocurrencies and replace them with a central bank digital currency [CBDC], Costa Rica has different plans. Like most, the Banco CentralThe post Here's why this country's central bank thinks CBDCs are 'not necessary' appeared first on AMBCrypto.
2021-8-21 02:30 | |
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Argentina’s president is open to the idea of central bank digital currency, but the country’s central bank head has rejected the idea.
2021-8-14 05:45 | |
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The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world’s top 10 central banks. A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs). The Central Bank of the United […]
2021-7-14 02:00 | |
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The General Manager of the Bank of International Settlements (BIS), Agustin Carstens, sent a chilling message regarding the future direction of central bank digital currencies (CBDCs). “We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today.
2021-7-10 03:00 | |
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France’s apex bank and Singapore’s monetary authority have collaborated on a cross-border central bank digital currency (CBDC) project. The partnership is the latest example of the emerging international cooperation among central banks in CBDC development across the world.
2021-7-9 08:00 | |
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The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system.
2021-6-23 16:01 | |
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Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets.
2021-6-15 07:30 | |
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RBI’s notorious circular back in 2018 prohibiting banks from offering services to crypto firms may have been revoked in March 2020, but the central bank is showing no signs of changing its tune on crypto-assets.
2021-6-5 18:56 | |
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Bitonic has won its case against the Dutch Central Bank, which means the country’s cryptocurrency exchanges no longer need to verify their users’ wallet addresses, stated the crypto exchange platform.
2021-5-22 23:13 | |
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According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.