2025-3-28 17:02 |
The United Arab Emirates is set to launch its Digital Dirham CBDC for retail use by late 2025, joining a growing list of countries exploring central bank digital currencies. As originally reported by the Khaleej Times, the Central Bank of… origin »
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ARP Digital says its the "first and only Central Bank-licensed OTC service provider specialized in digital asset-structured products."
2024-4-4 22:00 | |
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The central bank of Russia is preparing to pilot the digital ruble, the country's central bank digital currency (CBDC)
2023-8-10 22:30 | |
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The Central Bank of Russia is on course to pilot and launch its own central bank digital currency, called the digial ruble, following President Vladimir Putin signing the digital ruble...
2023-7-24 17:42 | |
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In his speech to CoinDesk’s Consensus festival yesterday, the head of the non-profit Digital Dollar Project says a U. S. central bank digital currency is too important to be left to central bankers to design.
2023-4-27 17:52 | |
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The European Central Bank's progress report on a central bank digital currency outlines the role of financial intermediaries.
2022-12-21 15:39 | |
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Central Bank Digital Currencies (CBDCs) are the latest buzz among central banks and Nepal is looking to ride the wave to create a digital version of its national currency. The post Nepal Looks to Launch Digital Currency as Central Bank Approves Study appeared first on BeInCrypto.
2022-8-9 16:00 | |
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Digital money is drawing the attention of the public, regulators, and governments worldwide. Several central banks are already at different stages of exploring the role of Central Bank Digital Currencies (CBDCs) in the monetary and payments systems.
2022-7-28 15:22 | |
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The first stage of digital ruble testing launched by the Russian Central Bank involves national commercial banks. Participants made the very first transfers in digital currency.
2022-2-18 14:50 | |
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Visa and ConsenSys, a blockchain software startup, are working to develop a central bank digital currency (CBDC) pilot program to explore retail applications such as cards and wallets. Both firms will first meet with an estimated 30 central banks to discuss the goals that governments hope to achieve with government-backed digital currency.
2022-1-15 02:17 | |
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CBDC, also central bank digital currency, is a digital token issued by a country. Many governments and central banks around the world are exploring the use of CBDCs. Even though they mostly remain in the hypothetical stage.
2021-9-6 00:00 | |
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One of the major European central banks is eyeing XRP as a potential platform for issuing digital Euro
2021-3-8 12:37 | |
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European Central Bank President Christine Lagarde says a panel of eurozone central bank officials is exploring the pros and cons of a digital euro and will soon reveal whether or not the region needs to create their very own central bank digital currency.
2020-9-12 18:35 | |
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According to JP Morgan Chase & Co., if the idea of central bank digital currencies (CBDC) gains traction, the US can risk losing its geopolitical power. “There is no country with more to lose from the disruptive potential of digital currency than the United States,” wrote analysts including Josh Younger, head of U.S. interest-rate derivatives […]
2020-5-24 21:24 | |
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Twenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them.
2019-11-2 17:18 | |
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China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset.
2019-9-12 13:00 | |
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Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden.
2019-8-15 09:53 | |
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Jens Weidmann, President of Bundesbank, believes mainstream adoption of digital currencies will lead to a systematic destabilization of the financial markets and banking system, May 30, 2019. More Doomsday Predictions Central banks around the world are exploring the potential of electronic cash in response to a growing demand to digitize the economy and limit theRead MoreRead More.
2019-5-30 21:00 | |
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With central banks worldwide removing cash from society in favor of Central Bank Digital Currencies, and negative interest rates turning traditional investment strategies on their head, digital assets present a compelling use case as a hedge against extraordinary global monetary policy and capital surveillance
2019-5-28 01:00 | |
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A recent survey by the Bank for International Settlements (BIS) found the majority of the world’s central banks are not too keen on issuing digital currencies at least for the next three years but 70 percent of them accepted that they are exploring with the idea of CBDCs in some capacity, reports SCMP, on January 8, 2019.
2019-1-10 18:00 | |
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The Bank of International Settlements (BIS) has found that while most countries around the world are keen on creating their own digital coins, most of the work is considered conceptual, with only “a few” intending to use them over the next six years.
2019-1-8 18:55 | |
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IBM and the Official Monetary and Financial Institutions Forum (OMFIF) have released details of a joint investigation into the effectiveness of central bank digital currencies (CBDCs) as a replacement for government-issued fiat.
2018-10-25 16:54 | |
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The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now.
2018-6-26 14:00 | |
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The Bahamas, a Caribbean paradise, or an area of poverty masked by tourist ideology, is the next country to allegedly be dabbling within central bank orientated cryptocurrencies. Such currencies, also known as Central Bank Digital Currencies (CBDC) are being used in experiments worldwide to investigate how cryptocurrency could be used to help enhance or compliment sovereign FIAT currencies.
2018-6-26 04:00 | |
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When cryptos became widely popular, central banks were seriously considering issuing their own digital currencies. However, the interest has slowly waned as central banks begin to seriously consider the implications such currencies would have on financial stability.
2018-6-25 20:00 | |
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As Freeport, Grand Bahama Island continues its quest to become the Silicon Valley of the Caribbean by hosting the 2018 Bahamas Blockchain and Cryptocurrency Conference its central bank has announced plans to pilot a digital currency.
2018-6-25 08:00 | |
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Thomas Moser, a board director at the Swiss National Bank (SNB), believes that central banks’ interest in developing central bank-issued digital currencies (CBDCs) has now waned, Business Insider reports today, June 23.
2018-6-23 16:59 | |
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Another senior Swiss central banker has noted the diminishing enthusiasm of governments to mint digital coins. Todd Gordon, founder of Tradinganalysis.com, is one of those analysts who believe the bottom line is that Bitcoin will eventually recover, by early 2019 to be precise. “I did expect Bitcoin to drop, I thought for a long time
2018-6-23 15:33 | |
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According to a board member at the Swiss National Bank, enthusiasm has waned for issuing a state-backed digital currency
2018-6-23 15:10 | |
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In today’s Bitcoin in Brief we mention some optimistic mid to long term predictions for crypto markets. And while decentralized currencies are hurting in a bearish month, the prospects for state-issued virtual money look even dimmer.
2018-6-23 14:35 | |
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The Central Bank of the Bahamas is planning to introduce a government-backed pilot digital currency, Jamaica Observer reported June 22. Speaking at the Bahamas Blockchain and Cryptocurrency Conference earlier this week, Deputy Prime Minister and Minister of Finance of the Bahamas, K Peter Turnquest, made the announcement, saying that the development of a fully digital
2018-6-23 05:52 | |
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The Bahamas’ central bank has announced plans of introduction of a national digital currency, as well as develop blockchain-based projects
2018-6-23 03:39 | |
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While cryptocurrencies have the potential to facilitate lightning fast payments across borders, reduce the cost of minting fiat money and drastically put inflation in check, the Swiss Central Bank board director, Thomas Moser has declared that digital currencies still do not have what it takes to be a national currency.
2018-6-23 01:45 | |
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Board director of the Swiss National Bank Thomas Moser said that crypto and blockchain are too primitive in their present form to consider issuing a national digital currency
2018-6-22 03:28 | |
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The Bank of Korea (BOK) on Monday argued against the issue of digital currencies by the central bank in a recent report. The bank said that launching its own central bank digital currency (CBDC) will raise the basic mechanisms of its monetary policy and make open market operations more complex.
2018-6-21 20:02 | |
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On Monday, the Bank of Korea [BOK] said that it has no plans of issuing Central Bank Digital Currency [CBDC] fearing ‘moral hazard to society’. The BOK is the central bank of the Republic of Korea, and is the sole authority that can issue the South Korean won.
2018-6-21 00:28 | |
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The Bank of International Settlements (BIS), an international financial institution that acts as a bank for central banks of nations, fostering international monetary and economic cooperation, has stated that bitcoin and other digital assets are not perfect examples of money.
2018-6-20 22:11 | |
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Local media outlet Kommersant reported last week about two of the largest Russian banks and their plans to offer crypto-based investment options. Alfa-Bank and Sberbank have begun experimenting with new products based on “digital financial assets” or CFA after a meeting last Wednesday.
2018-6-20 20:51 | |
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Following an earlier announcement that South Korea was considering the introduction of a Central Bank Digital Currency (CBDC), the country’s central bank has since pulled the plug on the idea — with regulatory roadblocks and fears of market destabilization ranking amongst the leading reasons for the recall.
2018-6-20 03:00 | |
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In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U.
2018-6-19 12:10 | |
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In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U.
2018-6-19 12:10 | |
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The central bank of South Korea prefers to stay away from the uncharted territory of sovereign digital currency to avoid potential risks to monetary policy and financial stability.
2018-6-19 11:11 | |
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In a report released today by the Korean Times, The Bank of Korea (BOK), the country’s central bank, issued a statement saying that they oppose the idea of issuing a central bank digital currency (CBDC).
2018-6-23 06:52 | |
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South Korea’s central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Korea’s (BOK’s) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies might influence Korea’s financial sector as a.
2018-6-19 01:00 | |
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South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy. According to The Korea Times on Monday, the BoK said that issuing a central bank digital currency (CBDC) could pose a “moral hazard” by adversely affecting monetary policy and its implementation, and possibly
2018-6-19 23:06 | |
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South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.
2018-6-19 19:15 | |
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They are also actively testing the distributed ledger technology underlying cryptocurrencies – not as a substitute for the current system, but to build on it.” The BIS general manager concludes that “Even in this digital age, trust in the issuing institution matters and will continue to underpin currencies. Central banks, for their part, will have
2018-6-17 00:21 | |
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Ripple’s global head of infrastructure innovation expects India’s central bank to rescind its crypto ban, based on its inquiry into own digital currency
2018-6-15 17:07 | |
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All Cypherpunks value privacy; it’s basically the founding principle of the collective of cryptographers, academics, developers and activists grouped around the 1990s mailing list by the same name.
2018-6-15 23:31 | |
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In an informal statement made at Yahoo Finance’s All Market Summit: Crypto, William Hinman, the United States Securities and Exchange Commission (SEC)’s director of corporate finance, indicated that the regulatory agency has no plans to deem ether a security.
2018-6-14 21:32 | |
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BlackRock’s iShares Bitcoin Trust (IBIT) recorded $523 million in net outflows on Tuesday, its most significant single-day withdrawal since it launched.
The United Arab Emirates has completed its first government transaction using a central bank digital currency (CBDC), marking a significant step in its Digital Dirham project. This test payment, made through the cross-border mBridge platform, confirms the UAE’s technical integration and signals readiness for wider government and private sector adoption of CBDCs. The development is […]
UAE residents can now mine Bitcoin without owning hardware, as telecom operator du launches its first-ever Bitcoin cloud mining platform, “Cloud Miner.” du launches UAE’s first cloud Bitcoin mining platform UAE’s second largest telecom operator du has launched a Bitcoin…
Crypto.com has become the first VASP in the UAE to receive IPA for SVF license, enabling regulated digital payments — like government fees in crypto — automatically converted into UAE dirhams or AED-pegged stablecoins once final compliance checks are completed.…
The approval will allow Crypto.com to enable crypto-to-dirham payments for government services and commercial use under Central Bank oversight.
Abu Dhabi Airports will pioneer digital asset technology to enable a more seamless travel experience. Abu Dhabi Airports is embracing crypto. On Friday, October 10, a new partnership with Al Hail Holding and fintech firm Xare will bring a digital…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has secured the first full crypto exchange operator license in the United Arab Emirates. The Virtual Asset Platform Operator License, issued by the Securities and Commodities Authority, sees Bybit become the…