CBDC Financial News

11.07 / 20:49

business CBDC Adoption DAO IMF IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms

The Republic of the Marshall Islands (RMI) has completed its annual talks with the International Monetary Fund (IMF). The country is expected to see gross domestic product (GDP) growth this year, the IMF concluded, in a recovery from the impact of COVID-19 and the contraction of its fishing industry. Climate change and decentralized autonomous organizations (DAOs) remain a threat, however.

11.07 / 14:07

CBDC Bank of England UK Currencies Mansion House debate Bailey calls for 'public debate' on digital pound introduction

Bank of England governor Andrew Bailey

11.07 / 11:59

Blockchain Stablecoin CBDC Adoption regulation Usd Coin China could benefit from yuan stablecoin over its CBDC - Circle CEO

China has long since closed its doors to decentralized cryptocurrencies, but Circle CEO Jeremy Allaire believes that stablecoins could play a role in the proliferation of China’s digital yuan.

11.07 / 04:09

Blockchain CBDC Adoption Central Bank Open Source freeze Brazil's CBDC pilot contains code that can freeze or reduce funds, dev claims

A blockchain developer who claims to have reverse-engineered the source code of Brazil’s pilot central bank digital currency has discovered functions in the code that would allow a central authority to freeze funds or reduce balances.

10.07 / 21:51

Stablecoin CBDC regulation Bank of England BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial institutions to why cryptocurrencies are not money. Instead of cryptocurrencies and stablecoins, he would prefer “enhanced digital money.”

10.07 / 17:29

Stablecoin CBDC MICA Lawyers Stablecoin adoption European Union's MiCA Legislation and its Impact on Stablecoin Adoption: Lawyers Raise Concerns

The European Union's Markets in Crypto-Assets (MiCA) legislation, enacted on May 31, has generated praise and concerns within the crypto industry.

10.07 / 13:39

CBDC Central Bank retail BIS International Bank of International Settlements Report: 15 Retail CBDCs Will Be Launched By 2030

The Bank of International Settlement (BIS) has said that there could be up to 15 retail Central Bank Digital Currencies (CBDCs) and eight wholesale CBDCs before the end of the decade.

10.07 / 12:13

CBDC Adoption regulation BIS There could be 24 CBDCs live by 2030: BIS survey

As 93% of the central banks are already conducting research on central bank digital currencies (CBDCs), the uncertainty about this form of digital money among them fades. There could be up to 15 retail and 9 wholesale CBDCs in circulation by 2030.

08.07 / 09:57

business Blockchain CBDC Ripple Tokens Ripple Labs Ripple Labs to revolutionize real estate industry through tokenization

Digital payments and blockchain technology company Ripple Labs has announced an initiative to transform the real estate industry using tokenization.

07.07 / 21:19

business Blockchain CBDC BIS Framework BIS develops framework against CBDC cyberattacks

On July 7, the Bank for International Settlements (BIS), a financial institution owned by constituent central banks, published a framework for defending central bank digital currencies (CBDCs) against cybersecurity threats. The BIS wrote:

06.07 / 19:31

CBDC Adoption Federal Reserve DLT network NY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDC

The Federal Reserve Bank of New York’s Innovation Center (NYIC) has completed its proof-of-concept of a regulated liability network (RLN) in conjunction with nine large financial institutions and the Swift network. The project created theoretical infrastructure to exchange and settle commercial bank deposit tokens and central bank liabilities using distributed ledger technology and a simulated central bank digital currency (CBDC) in the United States.

06.07 / 01:37

Ethereum CBDC BLOCK Digital Software Bitcoin Brazil’s Central Bank Uploads CBDC Files to GitHub – Digital BRL Rollout Imminent?

The Brazilian Central Bank has uploaded a large collection of central bank digital currency (CBDC)-related documents to GitHub – as the nation edges closer to a digital real rollout.

05.07 / 16:19

CBDC DBS Bank China Launches Digital Yuan Merchant Collection Solution

Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients.

05.07 / 14:27

CBDC digital rupee RBI Payment Cross-border India Fosters Global Cross-Border Payments For The Digital Rupee

The Reserve Bank of India (RBI) is on course to expand the frontiers of its Central Bank Digital Currency (CBDC), the “digital rupee” as it negotiates with foreign countries to adopt cross-border payment systems.

05.07 / 11:31

CBDC regulation Cross-border India negotiates cross-border CBDC payments with global central banks

The Reserve Bank of India (RBI) is currently in dialogue with its counterparts from at least 18 other countries on the possibility of cross-border payments in the “digital rupee”.

05.07 / 10:41

Stablecoin CBDC stablecoins copper Current CBDC Models Aren't Viable for Everyday Transactions: Copper's Research Head

In an interview with The Block, Fadi Aboualfa, the head of research at crypto brokerage Copper, expressed that the existing Central Bank Digital Currency (CBDC) models are "not a viable cash equivalent that people could use in daily transactions."

04.07 / 13:23

CBDC Adoption Europe JPMorgan European Union banking Crypto Will Benefit from Bank-Issued Stablecoins, aka Deposit Tokens, Says DAAA’s Bernard Blaha

In an interview with Cryptonews, Bernhard Blaha, co-founder of the Austrian Digital Asset Association (DAAA) and CEO of decentrally governed organization (DGO) The People's SCE, discussed the new type of digital coin: deposit tokens.

04.07 / 09:43

CBDC Adoption Chinese city of Jinan accepts CBDC payments for bus rides

Jinan, the capital of eastern China’s Shandong Province, has begun encouraging the adoption of the country's central bank digital currency (CBDC) program by introducing the acceptance of digital yuan payments across all its bus routes.

03.07 / 20:11

CBDC regulation SEC Europe coinbase European Union EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3

European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to include a kill switch option that would allow them to be safely terminated. Obviously, this contradicts the fundamental idea of trust in smart contracts.

03.07 / 14:05

CBDC Surveys Reveal Strong CBDC Skepticism in Canada and UK

Surveys conducted in Canada and the UK demonstrate that skepticism towards central bank digital currencies (CBDCs) is prevalent across the globe.

01.07 / 23:29

Stablecoin CBDC PayPal SUI network Cross-border Six Clovers Unveils Versal Network for Cross-Border Crypto Payments in Stablecoins and CBDCs

On June 29, Six Clovers, a company founded by former PayPal business and technology leaders Jim Nguyen and Nas Kavian, introduced the Versal Network on Sui blockchain.

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