Australian CBDC may be useful for payments, tokenization: Central bank

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.

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CBDC: Honduras Central Bank Initiates Pilot Studies Toward Digital Currency Launch

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.

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Central Banks Chart Their Own Course on Inflation

The Fed is nearing its peak policy rate, the European Central Bank looks to keep tightening, while China is lowering interest rates.

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XRP Sees Ultra Bullish Use Cases After Colombia’s Central Bank Taps Ripple to Pilot CBDC

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Kenya: A CBDC Is Not Our Immediate Priority

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 […]

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Ripple leveraged by Montenegro’s Central Bank for CBDC project

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…

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Montenegro's Central Bank to Test CBDC With Ripple

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.

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Peru considering CBDC to improve payment system: Former IMF adviser

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.

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CBDCs ‘threaten Americans’ core freedoms’ — Cato Institute

The D.C.-based think tank views a central bank digital currency as a danger to citizens’ privacy.

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India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users

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.

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Saudi central bank is still exploring CBDC potential in financial sector

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.

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Caution Is Key as Tanzania Mulls Central Bank Digital Currency Launch

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.

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Privacy Protection a Top Issue for Digital Yuan: China's Central Bank Governor

Privacy protection is one of the top issues when it comes to Central Bank Digital Currency application, according to China's Central Bank Governor.

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European Central Bank Hails CBDC ‘Holy Grail’ of Cross Border Payments

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.

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Central Bank of Singapore To Release Bitcoin, Crypto Regulation Plans

The central bank will detail a framework to ensure businesses are properly regulated within its jurisdiction while encouraging business in the ecosystem.

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Private but regulated tokens could beat CBDCs, Australian central bank chief says

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.

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Australian Central Bank Governor Prefers Privately Issued Tokens Over CBDCs

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.

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Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says

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.

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Market Wrap: BTC Falls Below $20K as Crypto Bounce Loses Steam

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.

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Qatar exploring digital banks and central bank digital currencies

The central bank is expected to set a direction for its future focus soon, particularly on various fintech verticals.

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Central Bank Of Russia Gives Sberbank Authority To Issue Digital Assets

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.

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Visa Looking to Hire College Students to Develop In-House Crypto Talent

Hirees will build expertise in areas such as DeFi, NFTs, stablecoins and central bank digital currencies, according to the payment giant’s job listing.

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America Seizes All Assets in US and USD of Russia’s Central Bank

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Central Bank of Russia Braces for Turmoil With Nonresident Trading Ban

Brokers will not be able to execute trades on Russian equities for non-residents as central bank prepares for a tumultuous market opening.

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Sanctions and trade: Iran aims to develop a central bank digital currency

While the central bank announced its intention to launch a CBDC, exact details are still scarce.

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Trial E-CNY Wallets for iOS and Android Launched by China’s Central Bank: Reuters

Chinese central bank has released DCEP wallets for both Android and iOS smartphones

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“We Have A Negative Attitude Towards Cryptocurrencies,” says Russian Central Bank Official

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.

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CBDC: European Central Bank exec worries digital euro may hurt foreign currencies

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.

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Is Bitcoin On The Ropes? Indonesia’s CBDC Aims To Give A Fight

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.

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Peru Keeps Up With Crypto: The Central Bank Will Launch a CBDC

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.

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Central Bank of Nigeria Informs Banks to Plan for e-Naira CBDC

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.

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Head of Brazil’s Central Bank Calls for Crypto Regulations Amid Growing Adoption

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.

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Here's why this country's central bank thinks CBDCs are 'not necessary'

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.

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President of Argentina open to Bitcoin and a CBDC, but central bank says no

Argentina’s president is open to the idea of central bank digital currency, but the country’s central bank head has rejected the idea.

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UAE Central Bank Unveils Plan to Launch Digital Currency

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 […]

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The BIS Wants “Absolute Control” Of Your Money Via Central Bank Digital Currencies

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.

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Banque de France Conducts Cross-Border Central Bank Digital Currency Experiment

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.

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BIS optimistic about central bank digital currencies

The central bank of central banks says CBDCs are necessary for maintaining the status quo of the legacy financial system.

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Tanzanian president urges central bank to prepare for crypto

Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets.

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‘There’s No Change In RBI’s Position’: Indian Central Bank Still Has Grave Concerns Over Cryptocurrencies

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.

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ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms

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 […]

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Bitcoin (BTC) price analysis as Central Bank of Turkey bans crypto payments

Bitcoin (BTC) price has moved over 3% lower today after the Central Bank of the Republic of Turkey (CBRT) banned crypto payments for goods and services in the country. Fundamental analysis: Regulatory concerns The central bank decision is a result of “irreparable” damage and transaction risks crypto assets can bring.

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Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot

The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year […]

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Central Banks Should Develop Globally Interoperable CBDCs – China Proposes

Central Bank Digital Currencies (CBDCs) should have a set of rules applicable globally to deal with highly sensitive issues like information sharing and monitoring. This is according to a new proposal put forward by Mu Changchun, the director-general of China’s central bank, the People’s Bank of China (PBOC).

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A Detailed Guide on CBDC: Central Bank Digital Currencies

What is a CBDC? A CBDC, or a “central bank digital currency,” is a virtual rendering of a country’s government backed, central bank controlled currency, as you can probably glean from the title. In other words, they can be called a national cryptocurrency.

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Sweden’s Riksbank says there is no possibility for a cash-like CBDC

World’s oldest central bank, Sweden’s Riksbank, asserts that the central bank digital currencies, CBDC has little or no tendency of performing cash-like features, following a recent Bloomberg report.

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Swedish Bankers Express Concern Over Central Bank’s e-Krona Plans

While Sweden’s central bank is exploring the possibilities of creating its proposed central bank digital currency (CBDC) known as the e-krona, bankers in the country do not seem thrilled about the idea, as they are worried that a CBDC could affect the banking system.

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Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira

The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians toward Bitcoin and crypto adoption.

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Saudi Arabia and UAE central banks to launch CBDC Aber

Recently, the Central Bank of the UAE partnered with Saudi Central Bank (SAMA) issued a report which explains all the benefits of using a distributed payment system and combining it with a centralized payment structure.

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