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UK releases consultation paper for its Digital Pound project
The Bank of England and HM Treasury published the consultation paper for a Digital Pound on Tuesday, 7 February 2023. The central bank digital currency (CBDC) is envisioned as digital money to work alongside, not replace cash and that households and businesses can use in their everyday life. дальше »
2023-2-8 20:10 | |
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Saudi Central Bank To Experiment With CBDC
As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its plan to experiment with central bank digital currency (CBDC) alongside local banks and fintech firms in a phase-by-phase project. According to […] дальше »
2023-1-26 18:30 | |
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European Finance Ministers Take Stock of Digital Euro Progress
The Eurogroup, a body comprising the Finance Ministers of Eurozone countries, has made public several views after its meeting to take stock of the progress of the project to investigate the EU's central bank digital currency called the digital euro. дальше »
2023-1-18 11:12 | |
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Digital Dollar Will Come Eventually, Expert Says
Michael Greco, policy research director at the Digital Dollar Project (DDP) and Josh Lipsky, senior director of the Atlantic Council’s GeoEconomic Center, discuss why the development of a central bank digital currency in the U.S. may only be a matter of time. дальше »
2022-12-30 21:58 | |
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Digital Dollar Will Come Eventually, Lobbyist Says
Michael Greco, policy research director at the Digital Dollar Project (DDP) and Josh Lipsky, senior director of the Atlantic Council’s GeoEconomic Center, discuss why the development of a central bank digital currency in the U.S. may only be a matter of time. дальше »
2022-12-29 21:58 | |
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Boston Fed partners with MIT to launch an open-source CBDC project
The launching of CBDC is a global trend that has so far taken place in over 100 countries and hundreds of others. Central banks are currently engaging in a series of research and consultation for the creation of their own central bank digital currency. дальше »
2022-12-25 14:05 | |
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Digital Yen CBDC Trial Set to Rollout With Major Banks in 2023
The Bank of Japan will roll out a pilot program for its central bank digital currency project to three major Japanese banks in spring 2023. The post Digital Yen CBDC Trial Set to Rollout With Major Banks in 2023 appeared first on BeInCrypto. дальше »
2022-11-24 21:45 | |
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Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions
A group of major banks have commenced a pilot project alongside the Federal Reserve Bank of New York to test the feasibility of using tokens representing digital dollars to improve how central bank money is settled between institutions. дальше »
2022-11-16 19:09 | |
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Singapore And New York Regulators Explore Cross-border CBDC Payments
In a media press release dated November 11, 2022, the Monetary Authority of Singapore (MAS) and the New York Fed announced a collaboration project (Project Cedar) to explore potential enhancements to cross-border payments using wholesale Central Bank Digital Currencies (CBDCs). дальше »
2022-11-13 16:12 | |
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Fed Completes First Test With Digital Dollar, Releases Results
In its New York subsidiary, the U.S. Federal Reserve (Fed) completed the first test of Project Cedar, the initiative testing a central bank digital currency (CBDC). The New York Innovation Center (NYIC) carried out this first phase and highlighted the potential for digital assets and blockchain technology to improve legacy payment rails. Related Reading: Twitter […] дальше »
2022-11-5 21:19 | |
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eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary
Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on October 25, 2021, with President Muhammadu Buhari saying Africa’s first Central Bank Digital Currency (CBDC) would “increase remittances, foster cross-border trade, improve financial inclusion and enable the government […] The post eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary appeared first on CryptoSlate. дальше »
2022-11-3 18:36 | |
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Singapore BIS Monetary Authority and central banks of Switzerland, France explore AMMs and CBDCs
The Innovation Hub of the Bank for International Settlements (BIS) is leading a project to explore the use of Defi protocols to automate foreign exchange markets and settlement, CBDC payments via automated market makers (AMMs), according to a November 2 blog post. дальше »
2022-11-3 19:12 | |
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India's RBI announces pilot launch of 'Digital Rupee' for 'specific use cases'
The Reserve Bank of India, India's central bank, has notified that its central bank digital currency (CBDC) pilot project will commence tomorrow. Earlier this month, the RBI announced the pilot of The post India's RBI announces pilot launch of 'Digital Rupee' for 'specific use cases' appeared first on AMBCrypto. дальше »
2022-10-31 19:00 | |
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Bank of Thailand Completes a Wholesale CBDC Pilot Program
The Bank of Thailand together with UEA's central bank, BISIH, the digital currency institute of the people's bank of China and HKMA have all adopted CBDCs according to a report by the BIS as more banks are looking to venture in the project. дальше »
2022-10-27 14:00 | |
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International Cooperation On Digital Currencies Essential, Says ECB President
In July 2021, the European Central Bank (ECB) launched the digital euro project investigation phase. This phase, which is expected to run until October 2023, aims to identify the optimal design of a digital euro and to analyse how financial intermediaries could provide front-end services that build on a digital euro. Whilst providing an update […] дальше »
2022-10-21 21:03 | |
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India on course with its CBDC project, releases first Digital Rupee concept note
The Reserve Bank of India (RBI) has stepped up its Central Bank Digital Currency (CBDC) project. The RBI has issued a 50-page concept note outlining their CBDC plans. Many countries around the world including the US, Kenya, Iran, Tanzania, Israel, and Ukraine are working on CBDCs since they serve as direct replacements for cryptocurrencies. дальше »
2022-10-9 16:42 | |
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Swedish Riksbank Explores Cross-Border Payments in Project Icebreaker
In a press release on Wednesday, the Swedish Central Bank ( Sverige Riksbank) announced that in partnership with the central banks of Norway and Israel, along with the Bank of International Settlement (BIS), they were launching ‘Project Icebreaker’; a joint… дальше »
2022-9-30 23:47 | |
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BIS concludes CBDC pilot with cross-border payments totalling $22M transacted
A pilot project involving four Asian central bank digital currencies (CBDC) involving real-value transactions was completed on September 23, according to a LinkedIn post by Bank for International Settlements (BIS) advisor Daniel Eidan. дальше »
2022-9-28 15:30 | |
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Space And Time Secures $20 Million To Transform Central Business Logic Databases Into Trustless Data Sources For Web3
Space and Time paves the way for establishing a decentralized data warehouse with tremendous Web3 implications. The project secured an additional $20 million in funding to make smart contracts more robust. дальше »
2022-9-28 09:43 | |
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Landmark International CBDC Test Deemed Success, BIS Says
A project involving multiple Asian central bank digital currencies (CBDCs) has been badged a success, facilitating over $22 million in foreign-exchange transactions, the Bank for International Settlements (BIS) said Tuesday. дальше »
2022-9-28 19:25 | |
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India’s central bank plans CBDC launch in 2022 with help from fintechs, public banks
The Reserve Bank of India (RBI) is engaged in talks with fintech companies and four public sector banks to pilot Central Bank Digital Currency (CBDC) project, with a potential launch planned later in 2022, Moneycontrol reported September 5. дальше »
2022-9-7 21:02 | |
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World Economic Forum weighs in on CBDC adoption and DLT use cases
World Economic Forum (WEF) published its dynamic take on CBDCs in a blog post titled, “What are central bank digital currencies (CBDCs)?” on August 31, following The Reserve Bank of Australia’s central bank’s (RBA) plans to launch a CBDC pilot project. дальше »
2022-9-3 08:00 | |
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Digital Dollar Project Plans to Explore CBDC Technical Solutions With New Sandbox
The non-profit organization advocating for a U.S. central bank digital currency plans to work with crypto platforms like Digital Asset and Ripple to explore technical and policy aspects of a digital dollar. дальше »
2022-9-1 12:41 | |
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Tron: A Project on a Mission to Decentralize the Internet
Tron was created in 2017 with the central aim of decentralising the web. Five years later, the project is still laser-focused on achieving this goal. The idea is to give users power on the web rather than having a central authority dictating how the web is used. дальше »
2022-7-29 14:13 | |
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Web3 Gaming Company Speaks Out, Nintendo GameCube Logo Plagiarized?
Web3 gaming console manufacturer Polium revealed their first product, the Polium One. This community-driven project aims to build the “world’s first multi-chain gaming console”. Related Reading | The Central African Republic Unveils Sango Project, Disappoints The World However, the project attempts to get a foothold in an industry that has been primarily hostile towards cryptocurrencies and […] дальше »
2022-7-4 19:25 | |
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Ripple’s Job Advert Sparks Speculation Of Office, Workforce Expansion in India
Popular blockchain payments company Ripple Labs seems to be expanding its India operations. According to a recruitment ad posted on Linkedin, the company is looking for a Senior Project Manager, Central Banks, who will be based in India’s IT hub Bengaluru. дальше »
2022-6-23 00:58 | |
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DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins
Frax Finance is a decentralized protocol that can be thought of as a fully autonomous, on-chain central bank issuing and controlling the monetary policy of a fractional-algorithmic stablecoin called FRAX.... дальше »
2022-6-4 17:02 | |
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Central African Republic to tokenize the nation’s natural resources
The impoverished country has launched an ambitious crypto project that includes using Bitcoin as legal tender, attracting investment and creating its own metaverse. дальше »
2022-6-4 20:30 | |
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JPMorgan Dips Into DeFi With Singapore Pilot on Asset Tokenization
JPMorgan Chase is piloting the tokenization of DeFi on the blockchain in a project to explore crypto use cases by the central bank of Singapore. The post JPMorgan Dips Into DeFi With Singapore Pilot on Asset Tokenization appeared first on BeInCrypto. дальше »
2022-6-1 04:10 | |
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Paraguay paves the way for crypto regulation despite internal opposition
A new bill for crypto regulation has been approved by Paraguayan Congress despite the central bank and budget commission’s rejection of the project. дальше »
2022-5-31 21:00 | |
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Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test
Norway’s Central Bank is piloting it's Central Bank Digital Currency (CBDC) using a sandbox created by Nahmii, an Ethereum L2 solution. The post Norway’s Central Bank Chooses Ethereum L2 Project for CBDC Test appeared first on BeInCrypto. дальше »
2022-5-19 19:30 | |
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EU Citizens Strongly Oppose CBDCs, But What About Crypto?
Is crypto already putting down CBDCs? The European Central Bank (ECB) has been researching and discussing a CBDC project called the Digital Euro for a while. They launched a public consultation to understand common needs & expectations for a Digital Euro. дальше »
2022-4-20 07:49 | |
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