British Bank Standard Chartered to Join China CBDC Tests

Standard Chartered becomes the first foreign back to support the new B2B e-CNY trade program launched in China last week. The post British Bank Standard Chartered to Join China CBDC Tests appeared first on BeInCrypto. дальше »

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Standard Chartered joins China’s CBDC pilot testing

The British bank will provide e-CNY CBDC services to clients and explore its future use in China’s financial system.

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South Korean central bank to launch CBDC pilot in 2024

The Bank of Korea (BOK) has unveiled plans for a pilot program to test its new central bank digital currency (CBDC), according to local media reports. The program will be conducted in collaboration with the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) and is expected to launch in 2024. дальше »

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South Korea unveils ambitious CBDC pilot, details here

The pilot will have citizens engage with the CBDC for a duration of three months. This initiative is part of BOK's broader strategy to evaluate the potential of issuing and circulating a digitaThe post South Korea unveils ambitious CBDC pilot, details here appeared first on AMBCrypto. дальше »

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South Korea to pilot CBDC with 100k citizens in late 2024

As per the Bank of Korea, citizens will only be able to use digital won to buy selected goods. South Korea is gearing up to launch its first pilot of a central bank digital currency (CBDC) with 100,000 citizens in… дальше »

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HTX hacked again for $13.6M, 100K Koreans test CBDC, Binance 2.0: Asia Express

HTX hacked for $13.6M — the ecosystem’s fourth hack in recent months — 100K Koreans test out CBDC, and Binance is dead, long live Binance! дальше »

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100,000 Koreans To Test New Digital Won In Central Bank’s Pilot CBDC Program

Over the past two years, the Asian region has been racing to launch Central Bank Digital Currencies (CBDC), and the Digital Won is the latest to enter a critical stage, per a recent report. Related Reading: Bhutan Secretly Spent Millions On Its Bitcoin Mines: Report Reveals Bank of Korea Partners with Financial Authorities For Digital […] дальше »

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South Korea to Pilot CBDC With 100K Citizens in 2024

The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers. дальше »

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South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report

The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers. дальше »

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South Korea to invite 100K citizens to test CBDC in 2024

Participants will be restricted to using the CBDC only for payment, without an option to store, exchange or send it to other users. дальше »

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Корея протестирует CBDC с помощью публичных цифровых ваучеров

Представители объединенного надзорного комитета объявили о дате запуска очередного этапа пилотного проекта Банка Кореи по тестированию форм применения цифровой валюты Центрального банка. дальше »

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War On Bitcoin: Sen. Warren’s Covert Agenda For CBDC Supremacy Exposed

Elizabeth Warren, the US Senator known for her staunch opposition to cryptocurrencies and Bitcoin (BTC), has faced criticism from industry insiders who believe her motivations go beyond concerns about “illicit finance. дальше »

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CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds

A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products. дальше »

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German MP Backs Bitcoin as Legal Tender as Alternative to Digital Euro CBDC

Joana Cotar, a member of the German Bundestag, has made a bold declaration in support of Bitcoin as legal tender, offering a compelling alternative to the ECB's proposed digital euro. This article delves into the implications of her stance for Germany's financial future. дальше »

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Mastercard Skeptical on Retail CBDC Adoption in Countries With ‘Robust’ Payment Networks

Mastercard's Asia-Pacific blockchain lead, Ashok Venkateswaran, addresses the complexities of adopting CBDCs in countries with efficient payment systems at the Singapore FinTech Festival, emphasizing a cautious approach in the digital currency evolution. дальше »

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Singapore central bank to trial live wholesale CBDC for settlements

The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.

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Singapore’s Central Bank to pilot live CBDC for interbank settlements

The Monetary Authority of Singapore (MAS) is set to launch a live pilot of a CBDC for wholesale interbank settlements, marking a significant step in the integration of digital currencies into mainstream banking operations. дальше »

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Singapore’s MAS reveals plan to issue ‘live’ CBDC for wholesale settlement

The Monetary Authority of Singapore (MAS) is planning a pilot program where it would issue a “live” central bank digital currency (CBDC) for wholesale interbank settlement next year, according to a Nov. дальше »

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Singapore Central Bank to Start 'Live' Wholesale CBDC Trials

The trials are part of a broader initiative to test digital money, including tokenization of banking assets. дальше »

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ЦБ Казахстана провел первую операцию с цифровым тенге

В конце 2022 года Национальный банк Казахстана заявил, что течение ближайших 12 месяцев будет опубликована концепция по созданию национальной цифровой валюты (CBDC). Параллельно регулятор займется формированием платформы для сделок с токеном, привязанным к фиатному тенге. дальше »

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Can CBDCs be a good alternative to cash?

The Managing Director of the IMF stated that CBDCs could effectively replace cash. 130 countries are exploring the concept of CBDC. In a recent speech at the Singapore FinTech Festival on thThe post Can CBDCs be a good alternative to cash? appeared first on AMBCrypto. дальше »

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CBDCs Good for Payments, Even With Competition: IMF

The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies. дальше »

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National Bank of Kazakhstan Takes Giant Leap with Digital Currency Launch

Kazakhstan is preparing for the full launch of its Central Bank Digital Currency (CBDC), the digital tenge, with the first transaction made by a senior national bank executive. The post National Bank of Kazakhstan Takes Giant Leap with Digital Currency Launch appeared first on BeInCrypto. дальше »

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Кристалина Георгиева: «Государственные цифровые валюты смогут стать заменой наличным деньгам»

Управляющий директор Международного валютного фонда призвала государства продолжать тестирование цифровых валют центральных банков (CBDC) и связанных с ними платежных платформ. дальше »

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Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief

The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said. дальше »

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IMF MD asks for global preparation for central bank digital currencies (CBDCs)

IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival. CBDCs are a potential cash replacement, enhancing resilience, and promoting financial inclusion. IMF introduces CBDC handbook and acknowledges BIS’s role in global digital finance experiments. дальше »

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U.S. CBDC Is Unlikely in the Near Term: Bank of America

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. дальше »

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UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith

His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology. дальше »

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Nobel’s charity trust to lobby CBDCs with new initiative

A newly formed organization will begin a dialogue among central banks to support adapting technical standards of different CBDC solutions. The Nobel Sustainability Trust (NST), a charity established by the members of the Nobel family, is set to push the… дальше »

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U.S. policymakers introduce bill targeting China’s digital yuan

Senator Rick Scott introduced a prohibition act seeking to bar U.S. financial service operators from interacting with China’s central bank digital currency (CBDC). дальше »

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German parliamentarian dismisses CBDCs in favor of Bitcoin as global digital money debate rages on

German Parliamentarian Joana Cotar spoke out against introducing a Euro-based central bank digital currency (CBDC), claiming that “no one needs it. ” Cotar stated in a speech on Nov. 9 that the ECB and politicians backing a digital euro are doing so because they want total surveillance of the monetary system. дальше »

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Ассоциация блокчейна Кении готовит законопроект о регулировании цифровых валют

Центробанк Кении в октябре 2020 года заявил о намерении выпустить национальную цифровую валюту (CBDC). По словам его главы Патрика Ньороге, регулятор уже начал переговоры с центральными банками других стран, которые также разрабатывают токены. дальше »

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Центробанк РФ обещает в 2024 году расширить проект по запуску крипторубля

Банк России заявил, что тестирование крипторубля идет по плану. Его испытания стартовали 15 августа. Массовое внедрение CBDC должно начаться с 2025 года. На этой неделе глава ЦБ Эльвира Набиуллина заявила, что в 2024 году регулятор обещает расширить список участников испытаний крипторубля. дальше »

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Глава BIS: «Цифровые валюты станут ядром финансовой системы будущего»

По мнению главы Банка международных расчетов (BIS) Агустина Карстенса, цифровые валюты центральных банков (CBDC) сыграют ключевую роль в инновациях финансовых систем. дальше »

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Глава Банка России сравнила биткоин и крипторубль

В сентябре Банк России объявил, что тестирование отечественной цифровой валюты (CBDC) идет по плану. Регулятор рассчитывает приступить к массовому внедрению токена с 2025 года. В конце прошлой недели глава Центробанка Эльвира Набиуллина сравнила крипторубль и биткоин. дальше »

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Ripple Joins Forces with National Bank of Georgia to Bolster CBDC Development

Ripple has been chosen by the National Bank of Georgia to develop a central bank digital currency (CBDC) pilot, beating out other competitors due to its technical superiority and staff expertise. The post Ripple Joins Forces with National Bank of Georgia to Bolster CBDC Development appeared first on BeInCrypto. дальше »

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XRP Sees Ultra Bullish Use Cases As Ripple Teams Up With Georgia’s Central Bank To Pilot CBDC

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Switzerland to launch CBDC pilot on SIX Digital Exchange

The Swiss National Bank (SNB), has announced a pilot program for a CBDC in collaboration with six commercial banks дальше »

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Ripple to power Georgia’s central bank digital currency, the digital lari

The National Bank of Georgia will use the CBDC platform to assess digital lari’s benefits for government, businesses and retail users. дальше »

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Ripple And National Bank Of Georgia Join Forces For Digital Lari Pilot

In a recent development, Ripple has been selected by the National Bank of Georgia (NBG) as the official technology partner for its Digital Lari (GEL) pilot project.  The collaboration aims to explore the potential benefits and use cases of Ripple’s Central Bank Digital Currency (CBDC) platform for the public sector, businesses, and retail users.  Ripple’s […] дальше »

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$308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express

Asia Express: Ringleaders of $308M P2P crypto laundering scheme jailed in China, Visa’s Hong Kong CBDC trial a success, Hashkey token. дальше »

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Georgia selects Ripple as key partner for its Digital Lari pilot project

Georgia’s central bank has partnered with Ripple to pilot the country’s CBDC project, Digital Lari (GEL). The National Bank of Georgia picked Ripple as its technology partner and will jointly plan and seek to deliver the pilot program. дальше »

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Ripple Partners with Central Bank of Georgia for CBDC Pilot

Georgia central bank selects Ripple and its XRP Ledger-based CBDC platform for the Digital Lari pilot after reviewing nine candidates. дальше »

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Ripple Partners with Georgia’s Central Bank for CBDC Pilot

Georgia central bank selects Ripple and its XRP Ledger-based CBDC platform for the Digital Lari pilot after reviewing nine candidates. дальше »

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China has completed testing for its privacy-first CBDC blockchain ‘mBridge’

Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement.  дальше »

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Visa wraps up Hong Kong CBDC trial with HSBC and Hang Seng Bank

Visa has successfully concluded its participation in the Hong Kong Monetary Authority’s (HKMA) pilot program for a central bank digital currency (CBDC) with HSBC and Hang Seng Bank. The program, which is part of the city’s broader “Fintech 2025” strategy,… дальше »

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Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.

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Swiss National Bank to Work With SIX Digital Exchange, 6 Banks on Wholesale CBDC Pilot

The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange. дальше »

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Can Visa's CBDC pilot aid in modernizing banking?

The pilot centered on the concept of tokenized deposits. One of the key findings was the remarkable speed at which final settlements were achieved. Payments giant Visa has successfully complThe post Can Visa's CBDC pilot aid in modernizing banking? appeared first on AMBCrypto. дальше »

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Visa Tests Tokenized Deposits for Hong Kong’s CBDC with HSBC, Hang Seng Bank

Visa has tested tokenized deposits for Hong Kong's central bank digital currency (CBDC) in collaboration with HSBC and Hang Seng Bank, highlighting the potential for revolutionizing the nation's payment system. дальше »

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