2022-12-9 19:48 |
Generally, 35% of central banks were more inclined to issue a CBDC despite recent events in crypto and none were less inclined a report by the Official Monetary and Financial Institutions showed.
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The Venus Initiative is the latest attempt to use digital representations of money for financial-market settlement
2022-11-30 19:38 | |
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A group of Republican lawmakers on the House Financial Services Committee have asked U.S. Attorney General Merrick Garland to share the Justice Department's assessment on whether the Federal Reserve has the necessary authority to issue a central bank digital currency (CBDC).
2022-10-6 19:36 | |
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The National Unity Government is considering using the country’s frozen reserves as a backing for the digital currency.
2022-9-7 12:33 | |
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The European Commission should stop focusing on technical details and think about whether to issue a digital euro at all, the Institute of International Finance said.
2022-6-17 19:04 | |
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The European Commission should stop focusing on technical details and think about whether to issue a digital euro at all, the Institute of International Finance said.
2022-6-16 19:04 | |
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“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term,” said the BIS.
2022-5-7 21:00 | |
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The country's central bank says it wants to understand the technical options before it takes the plunge to issue any new CBDC.
2022-4-7 19:00 | |
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The Brussels executive got the ball rolling Tuesday on the legislation needed to issue a CBDC.
2022-4-6 16:03 | |
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Cruz lends his support to a bill that would keep the U.S. off “an insidious path akin to China’s.”
2022-3-31 00:49 | |
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Cruz lends his support to a bill that would keep the U.S. off “an insidious path akin to China’s.”
2022-4-1 00:49 | |
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Qatar plans to issue a central bank digital currency (CBDC) and digital bank licenses. Qatar will be joining the list of countries exploring CBDCs and how they can be used to transform the financial sector.
2022-3-22 13:48 | |
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The Nigerian eNaira was launched to much fanfare after delays had rocked the project. Upon launch, it made the West African nation one of the very first countries to issue its very own central bank digital currency (CBDC).
2022-1-27 02:00 | |
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Having the Fed require users to open accounts to access the benefits of a digital dollar would put it "on an insidious path akin to China’s digital authoritarianism," according to Tom Emmer.
2022-1-13 18:15 | |
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In December, the European Central Bank published a paper demonstrating why it’s a mistake to assume CBDCs and fiat money are subject to the same conditions, CoinFi reported. The authors of the paper pointed out that it’s a bad time for fees, yet raised the issue of whether the CBDC would be sustainable without a […] The post ECB promotes digital euro, calms fears appeared first on Invezz.
2021-12-5 17:05 | |
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During his time as Fed chair, Powell has said the agency was “working proactively to issue a CBDC” but was unlikely to support a blanket ban on crypto.
2021-11-23 19:00 | |
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CBDCs are not only related to finance but diplomacy as well. With China now incentivizing users to pay with its digital renminbi [RMB] and South Korea also looking into a digital won, Japan has littleThe post Why Japan 'currently has no plan to issue CBDC' appeared first on AMBCrypto.
2021-10-16 14:30 | |
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The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology.
2021-9-30 11:38 | |
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Key takeaways Ripple announces a partnership with the central bank of Bhutan – the Royal Monetary Authority (RMA). The RMA plans to issue a CBDC using Ripple’s open-source XRP Ledger (XRPL).
2021-9-24 23:58 | |
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The race to issue CBDCs is still ongoing, with central banks around the world participating. Of course, not every country has joined the race, but enough of them for it to truly feel like global competition, with China still in the lead.
2021-8-31 17:33 | |
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Japan's Central Bank could issue its central bank digital currency (CBDC) by the end of next year. This was made known by Hideki Murai, who runs the Liberal Democratic Party's panel on cryptos.
2021-7-6 19:08 | |
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An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed, an IT specialist at theRead More
2021-6-12 23:01 | |
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The Bank of Indonesia (BI) is planning to launch a digital rupiah as central banks across the globe continue racing to issue CBDCs. A report unveiled this news on May 25, noting that the authority is already assessing platforms on which the digital rupiah can run on.
2021-5-27 15:31 | |
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Sir Jon Cunliffe of BoE has assumed that UK may issue a CBDC if they want to keep public money available to citizens
2021-5-14 13:44 | |
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Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. Eurozone’s Central Bank […]
2021-5-5 16:30 | |
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On a Reddit post, Stellar community has discussed the most recent developments on the possible issuance of a central bank digital currency (CBDC) by the European Union. According to statements by the president of the European Central Bank, Christine Lagarde, a decision on the project will be made by mid-year. Lagarde has had an unfavorable […]
2021-4-4 22:00 | |
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Following cybersecurity assessments, commercial institutions are being cleared to issue the world's first CBDC: the Bahamas' Sand Dollar.
2021-3-29 16:26 | |
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South Korea’s Shinhan Bank will collaborate with the country’s central bank to issue a Korean Central Bank Digital Currency (CBDC). According to reports emerging from local South Korean media, The post South Korea's Shinhan Bank collaborates with LG to build CBDC platform appeared first on AMBCrypto.
2021-3-10 16:45 | |
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Payment protocol firm Ripple announced a pilot project that seeks to provide a “private version” of its XRP ledger for central banks that can use the technology to issue and manage digital currencThe post Ripple launches pilot private ledger for central banks' CBDC appeared first on AMBCrypto.
2021-3-4 22:29 | |
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Bitcoin does not have a plausible claim to be the money of the future, according to the Deputy Governor of Canada’s Central Bank. During a recent speech in Montreal, Deputy Governor Timothy Lane The post Canada's central bank will issue a CBDC 'only when the time is right' appeared first on AMBCrypto.
2021-2-11 10:00 | |
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Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements.
2021-1-28 23:00 | |
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The European Central Bank confirmed the possible issue of a digital euro. The final decision will be made by mid-2021. Meanwhile, Japan moved on to the second phase of its CBDC project.
2021-1-25 15:27 | |
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China’s central bank digital currency (CBDC) testing train is scheduled to make its next stop in the city of Suzhou as authorities accelerate plans to issue the digital yuan. While several countries are actively involved in developing their sovereign digital currencies, China is reportedly leading the global CBDC revolution.
2020-11-24 00:03 | |
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Banque Du Liban, the central bank of Lebanon is set to launch a central bank digital currency (CBDC) in 2021. According to a report by a state-run news publication on Tuesday, the central bank’s governor, Riad Salameh, indicated that the digital currency project is part of a move aimed at restoring confidence in the crumbling […]
2020-11-11 14:45 | |
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With China being in the lead regarding its CBDC testing and development, a lot of countries are rushing their central bank digital coins to catch up. The US, on the other hand, has different plans.
2020-10-20 11:11 | |
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Russia’s Central Bank is the latest monetary authority to issue a CBDC consultative paper amidst the ongoing craze; the bank confirmed its interest in issuing a digital ruble, noting that it can operate alongside cash or non-cash forms of money that already exist in the country.
2020-10-14 00:22 | |
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Amid ongoing central bank digital currency (CBDC) research efforts, the Bank of Japan (BOJ) may require a new legal prerogative to issue digital yen. Apart from legislative changes to support a possible CBDC issuance, these amendments to the BOJ’s roles and responsibilities may also affect other policies like inflation and job creation.
2020-10-13 16:20 | |
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As China continues down the path to issuing its own CBDC across the country, some of its regions are already prepared to help contribute in any way they can. Shenzhen, for example, recently revealed a new program that will see it issue 10 million yuan ($1.
2020-10-10 14:32 | |
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A staff analytical note by the Bank of Canada reveals risks involved in launching a national digital currency, or CBDC as it is widely known. The note lists “how [digital currency] balances are aggregated, their transactional use and the competition between suppliers of aggregation solutions” as the main issue facing a CBDC.
2020-10-6 16:57 | |
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An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), stated that China had to become the first nation to issue its digital yuan to “reduce its dependence on The post People’s Bank of China: issuing CBDC is a new global 'battlefield' appeared first on AMBCrypto.
2020-9-21 22:00 | |
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China should aim at becoming the first country to issue digital currency as part of its efforts to internationalize the yuan and lessen its over-dependence on the world’s dollar-dominated payment system, the People’s Bank of China (Chinese central bank) said.
2020-9-22 19:38 | |
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The People’s Bank of China (PBOC) recently published a commentary in which it noted that China must be the first nation to launch the CBDC. The goal has not changed — China aims to offer its digital yuan and internationalize its own currency.
2020-9-22 13:12 | |
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The Bahamas are on the verge of becoming the first nation in the world to introduce a state-backed digital currency. The Bahamas Central Bank announced that it would issue a central bank-backed cryptocurrency (CBDC) next month.
2020-9-18 21:46 | |
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The Bank of Japan insists it has no immediate plans to issue a digital yen, but research into the potential of CBDCs continues apace.
2020-8-1 12:21 | |
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Lithuania might become one of the first countries to issue a CBDC — but there’s a catch.
2020-7-3 19:37 | |
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Central bank digital currencies (CBDCs) are currently a hot topic. According to a study by the Bank for International Settlements, 20% of worldwide central banks intend to issue a CBDC within the next six years.
2020-5-28 17:09 | |
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Enterprise-geared cross-border remittance blockchain network Stellar (XLM) wants to become the go-to platform for governments around the world to issue central bank digital currencies (CBDC) on. Stellar CEO, Denelle Dixon, hinted at the ambition during Consensus distributed.
2020-5-14 23:07 | |
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Taro Aso, Japan’s Finance Minister has voiced his reservations concerning China’s plans to issue its central bank digital currency (CBDC) – the digital yuan. Aso told fellow finance chiefs at the G-20 summit that Beijing’s state-backed crypto could negatively upset the balance of the global economy.
2020-2-25 18:00 | |
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With Japanese lawmakers pushing for a digital yen, Masayoshi Amamiya, deputy governor of the country’s central bank says Japan needs an agile action plan for a central bank digital currency (CBDC). No immediate Plans to Launch Digital According to Reuters, Amamiya says the Bank of Japan (BOJ) has no immediate plans to launch a CBDC.
2020-1-31 02:00 | |
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The Bank of International Settlements (BIS) conducted a survey, showing roughly ten percent of central banks are expected to issue a Central Bank Digital Currency in the near future. The BIS report was released on January 23 and presented the results from a survey conducted on 66 central banks from all over the world, investigations […]
2020-1-24 00:30 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.