CBDC Financial News

18.09 / 05:47

CBDC Digital Dollar us house services committee Financial US House Financial Services Committee Advances Bill to Block Digital Dollar Launch

The United States House Financial Services Committee is going forward with the legislative measures aimed at controlling the issuance of a digital dollar.

17.09 / 16:59

CBDC regulation Digital Dollar lawmakers US lawmakers US lawmakers advance legislation blocking the digital dollar

The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency.

15.09 / 10:11

CBDC swift Swift Collaborates with Three Central Banks to Pilot CBDC Interoperability

Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.

15.09 / 06:13

COST UPS CBDC Digital rock Ruble Russian Banks Say Digital Ruble Will Drive up Loan Rates – New CBDC Dangers?

A major Russian banking association has warned that the digital ruble will drive up loan rates as banks struggle to cope with the soon-to-be-issued CBDC.

14.09 / 18:27

CBDC regulation Congress Financial Services services Financial House Financial Services Comm. witnesses air multiple anti-CBDC arguments

A chorus of disapproval rang out from the halls of the United States Congress on Sept. 14 as the House of Representatives Financial Services Committee digital assets subcommittee held a hearing on the “digital dollar dilemma.” Five expert witnesses were scheduled to testify at the hearing, and all of them argued against creating a U.S. central bank digital currency (CBDC), otherwise known as a digital dollar.

13.09 / 22:21

CBDC Adoption swift SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox

Three central banks have joined the beta phase of bank messaging platform SWIFT’s central bank digital currency (CBDC) interoperability project, the company announced Sept. 13. It has also entered a new phase of sandbox testing, it said.

13.09 / 10:09

CBDC BIS CBDC Collaboration Between Hong Kong and Israel Prioritizes Data Privacy and Security

A collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong and Israel has demonstrated that central bank digital currencies (CBDCs) can settle on centralized ledgers without compromising privacy.

13.09 / 06:47

CBDC Digital Dollar lawmakers Republican Lawmakers Reintroduce CBDC Anti-Surveillance State Act to Block Digital Dollar

U.S. Congressman Tom Emmer, with the support of 49 Republican lawmakers, reintroduced the CBDC Anti-Surveillance State Act.

13.09 / 05:03

CBDC regulation Federal Reserve Congress bills Rep. Tom Emmer reintroduces anti-CBDC bill to Congress

Legislation aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC) has been reintroduced by Representative Tom Emmer.

13.09 / 01:25

CBDC Digital Citizens Fighting country social Ruble Digital Ruble ‘Could Help De-Dollarize’ Russia, Ex-Gov’t Minister Claims

The launch of Russia’s CBDC, the digital ruble, will help spur de-dollarization, a former government minister has claimed.

12.09 / 21:59

CBDC Adoption Central Bank BIS retail CBDC Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the advantages of digitalization.

12.09 / 01:51

CBDC Digital Aware stage track Ruble Russian Central Bank May ‘Mark’ CBDC Tokens to Track Digital Ruble Transactions

The Russian Central Bank says it may look to “mark” or “color-code” digital ruble tokens to help it track CBDC transactions.

11.09 / 07:11

CBDC Reserve Bank of India boost Features India's Central Bank Explores New Features to Boost Digital Rupee Adoption

The Reserve Bank of India (RBI) is actively collaborating with financial institutions to introduce innovative features aimed at popularizing the Central Bank Digital Currency (CBDC), Reuters reported.

11.09 / 06:45

UPS CBDC Digital Citizens Bitcoin Russia ‘Should Scrap Digital Rubles Buying Limit for Foreigners,’ Says Top MP

A Russian political chief thinks the Central Bank could scrap caps on the amount of digital ruble tokens foreigners are allowed to buy – a move that could allow non-Russians to buy “millions” of CBDC coins.

08.09 / 19:41

Stablecoin CBDC regulation Federal Reserve legislation vice chair Fed vice chair Barr gives update on CBDC research, plugs stablecoin legislation

The United States Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about the central bank's role in financial innovation. Research and supervision was the short answer and a nod to the FedNow Service.

08.09 / 09:39

Blockchain CBDC defi Blockchain could have prevented Nigeria’s naira scarcity — Local experts

Blockchain technology can help solve economic problems in Nigeria and throughout the African continent, according to a group of local blockchain experts who cited Nigeria’s currency flow shortage as a case study.

07.09 / 20:15

Government CBDC regulation Digital Dollar hearing committee House committee will reopen discussions on digital dollar in Sept. 14 hearing

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will be holding a hearing discussing central bank digital currencies (CBDCs) for the first time in months.

07.09 / 14:31

CBDC Parliament digital euro 2024 EU Commissioner Wants Digital Euro Project To Be Approached After Next European Commission In 2024

Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union says that the digital euro should not be rushed until the next Commission's parliamentary election.

07.09 / 09:07

CBDC Adoption regulation Europe European Union 2024 Financial EU financial chief: Don't rush digital euro before new EU Comission in June 2024

The European Union's financial services chief, Mairead McGuinness, believes there’s no reason to rush with the digital euro until after the next European elections in June 2024. In her opinion, the EU’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next EU Commission, which will be appointed by the then-incoming parliament.

06.09 / 11:33

CBDC lawmaker Russian Lawmaker Backs CBDC To Displace Private Banking Sector

Russia’s Central Bank Digital Currency (CBDC) the digital ruble continues to garner steam with positive pronouncements on use cases made by financial regulators in the country.

06.09 / 08:49

CBDC Adoption regulation Banks Central Bank lawmaker CBDCs will gradually displace private banks, says Russian lawmaker

Central bank digital currencies (CBDC) and blockchain technology are likely to displace traditional banks, according to a lawmaker in Russia.

CBDC Financial News

popular questions about CBDC

What is CBDC and why is it important?

Where can I find the latest updates on CBDC?

How can I verify the accuracy of information on CBDC?