2022-4-7 14:35 |
Trials by Riksbank have shown that offline payments can work using the CBDC, but the central bank is also looking at privacy concerns. origin »
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AWAIT CONFIRMATION WEDS PM BRUSSELS TIME The proposals regarding the potential future central bank digital currency come as lawmakers prepare to scrap anonymous bitcoin payments.
2022-3-31 17:41 | |
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Ripple faces new threat as central banks create working prototypes of a rival cross-border payments system
2022-3-23 13:32 | |
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Gemini Payments, an affiliate entity of crypto exchange Gemini led by billionaire investor twins Cameron and Tyler Winklevoss, has been granted an electronic money (e-money) operator license by the Central bank of Ireland.
2022-3-23 01:00 | |
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The tool to enable paying using different assets, tested by Australia, South Africa, Singapore and Malaysia, is the latest foray into trialling the applications of central bank digital currencies.
2022-3-22 13:39 | |
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Banking executive Hiromi Yamaoka believes that the conflict in Ukraine could influence central bank digital currencies (CBDCs) policy globally. The former head of payments and settlements department at the Bank of Japan sees countries such as China exploring CBDCs to counter the dominance of US dollars.
2022-3-17 04:00 | |
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Through a series of tweets on his official twitter account published on July 4, VISA Head Of Crypto, Cuy Sheffield, shared his thoughts on central bank digital currencies (CBDCs). According to him, CBDC is one of the most important trends for the future of money and payments over the next decade. Sheffield stated that regardless […]
2020-7-6 01:19 | |
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Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday. The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US economic model. Taking the […]
2020-7-1 15:13 | |
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The shares of big banks declined after the Fed said it would put a temporary cap on their dividend payments to preserve cash during the coronavirus pandemic. In its stress test, the central bank found that most banks would remain well capitalized in an economic downturn, but it also sees that large financial institutions remain […]
2020-6-29 23:42 | |
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The Bank for International Settlements appeared to contradict its own prior statements in a new digital payments report.
2020-6-25 15:00 | |
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Being able to choose one’s favorite payment method should be a breeze in this modern day and age. If the central bank of Brazil has a say in the matter, choices will remain limited forever.
2020-6-25 01:00 | |
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The Central Bank in Brazil has suspended the WhatApp payment service by Facebook a week after its launch. According to reports, the Central Bank has ordered Visa and Mastercard to stop payments and transfer services through WhatsApp immediately.
2020-6-25 17:11 | |
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Brazil’s central bank has directed Visa and Mastercard to suspend payments through WhatsApp, threatening... The post Brazil suspends WhatsApp’s payment feature just a month after its launch appeared first on Coin Journal.
2020-6-25 15:51 | |
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After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states.
2020-6-22 21:04 | |
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The Bank of Thailand (BOT) recently announced that it is developing a prototype payments system that would rely on a central bank digital currency (CBDC) to facilitate payments. This new project extends the BOT proofs-of-concept using Corda and Hyperledger.
2020-6-23 18:00 | |
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The Bank of Thailand is integrating a CBDC payments system into the financials of the country’s oldest cement company in an extension of its Inthanon project.
2020-6-20 19:30 | |
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Cambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong.
2020-6-20 00:50 | |
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Thailand's Central Bank (BoT) has announced that it will roll out a prototype for digital currency payments within the country's business ecosystems. The initiative will be based on an ongoing CBDC project dubbed ‘Inthanon, ‘ which kicked off two years ago in collaboration with Thai's leading financial institutions.
2020-6-20 19:54 | |
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The rise of digital currencies has shone a bright light on the future of contactless payments, and central banks seem to be catching on the idea. Central Banks, in this case, represent governments that have realized the vigor of financial technology and moved to prevent a crisis as more people migrate from the use of […]
2020-6-17 20:47 | |
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Stablecoins can mediate between central bank digital currencies and the consumer payments universe, says Sila's Alex Lipton.
2020-5-31 16:00 | |
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China’s planned digital currency electronic payment (DCEP) project may be accelerated to have the central bank digital currency (CBDC) available for COVID-19 stimulus package payments. The news is the latest in a string of government-led actions aimed at advancing the adoption of blockchain technology in the country.
2020-5-27 23:00 | |
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International payments processor Visa won a patent describing a digital currency protocol on May 14. The system works on a private blockchain and uses native tokens to facilitate transactions. Good for Crypto? As Forbes reported, the Visa blockchain would feature native “digital dollars” and other central bank-issued fiat currencies.
2020-5-15 17:00 | |
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The director-general of the National Bank of Cambodia revealed that the central bank’s DLT payments platform will go live by the end of the year.
2020-5-13 06:17 | |
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The European Central Bank looks at stablecoins as key instruments that can help consumers meet demand in the payments services, but wants regulators to be proactive in addressing regulatory gaps that can pose risks.
2020-5-7 12:33 | |
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In a report issued on April 3, 2020, the Bank of International Settlements (BIS) opined that it could soon ramp up its operations to make way for central bank digital currencies (CBDC) and digital payments amid the COVID-19 pandemic.
2020-4-5 13:00 | |
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BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies.
2020-4-5 00:17 | |
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Central banks are well placed to deliver regular, no-questions-asked monthly payments to everyone, and to manage any ensuing inflation.
2020-3-31 20:53 | |
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A new report published by the Australian central bank provides insight into consumer payment behavior. The survey has found that Australians increasingly prefer digital payment methods. Cryptocurrencies, however, make up less than one percent of payments in Australia.
2020-3-26 14:02 | |
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The Reserve Bank of Australia (RBA) states that Less than 1% of people in Australia have paid for goods using cryptocurrency, according to a study conducted yesterday. The findings were revealed in the triennial Consumer Payments Survey (CPS) released by the RBA.
2020-3-21 17:12 | |
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The outgoing Bank of England (UK Central Bank) governor Mark Carney has reiterated his sentiments regarding a Central Bank Digital Currency. This was after the UK Central bank released a dossier touching on the CBDC that is supposed to store value and facilitate payments for both domestic and commercial transactions. The Outgoing Canadian is on […]
2020-3-13 22:19 | |
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Facebook and the Libra Association are making plans to redesign project Libra in a bid to scale the ending regulatory hurdles that have plagued the global crypto project. Sources say the proposed Libra network may function as a payments network, supporting other cryptocurrencies including central bank digital currencies (CBDCs), reports Bloomberg on March 4, 2020.
2020-3-4 18:00 | |
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Bank of International Settlements (BIS) researchers focusing on the payments’ future, reveals their latest quarterly report released on Sunday. The paper has 138 pages and looks at what’s on the horizon in the financial sector, especially since tokenization, central bank digital currencies (CBDCs) and cross-border payments are starting to be more and more in trend. […]
2020-3-3 01:48 | |
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Researchers at the Bank for International Settlements say the future of payments may be peer-to-peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.
2020-3-1 20:00 | |
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Central banks around the world are assessing the benefits of issuing a state-controlled digital currency after China announced that it is close to launching its digital yuan and Facebook launching Libra.
2020-2-26 22:35 | |
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The Digital Currency Research Institute within the People’s Bank of China has issued a statement further complicating our expectations for blockchain adoption in the country. There has been consistent media buzz surrounding China’s reorientation towards blockchain as an official state policy.
2020-2-22 11:18 | |
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Russia’s Federal Security Service (FSB), the successor of KGB, agreed with the Central Bank of Russia that cryptocurrencies should not be allowed as means of payments on the territory of Russia, a local portal reported.
2020-2-20 20:30 | |
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The PIX payments system is coming to Brazil later this year, promising almost instant transfers for individuals and businesses.
2020-2-20 11:30 | |
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The Russian security services and the Central Bank of Russia reached a consensus on the regulation of virtual money. They propose to prohibit paying with cryptocurrencies in Russia, and allow exchange operations only through operators with special license.
2020-3-1 10:00 | |
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Cross-border payments and books: Brad Garlinghouse says that Ripple could grow in a similar way to Amazon
2020-2-18 19:45 | |
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Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC. China Serious About CBDC Issuance According to the Financial Times, China’s central bank has filed 84 patents relating to its plans to launch a digital currency electronic payments DCEP system.
2020-2-13 22:30 | |
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The Phnom Penh Post reports that within the next couple or more months, Cambodia’s central bank is going to launch its own blockchain-based peer-to-peer money platform. The system is called Project Bakong and it will be a central bank digital currency (CBDC) – backed payments app.
2020-1-31 22:03 | |
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Cambodia's central bank digital currency platform has the support of 11 national banks and will be used initially for domestic payments once launched at some point during the first fiscal quarter of this year.
2020-1-31 20:00 | |
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A former Executive of the Bank of Japan (BOJ) has said that Facebook’s Libra prompted Central Banks to invest more resources in Digital Currency research sooner than expected. According to a report by Reuters on Jan 22, Hiromi Yamaoka, a former head of settlements and payments at the BOJ, noted that regulators might have done […]
2020-1-23 21:22 | |
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According to an official joint press release from the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT), the two institutions are working on a blockchain that enables efficient transactions between banks in the two countries.
2020-1-23 20:45 | |
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Hong Kong and Thailand’s central banks have piloted a Corda-based CBDC project for cross-border payments
2020-1-22 16:39 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
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.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.