Rep. Tom Emmer Revives Anti-CBDC Bill
Representative Tom Emmer and 49 original co-sponsors reintroduced the “CBDC Anti-Surveillance State Act” in the United States House of Representatives
CBDC - page 2
Israel and Hong Kong Finish Retail CBDC Test
Project Sela leveraged the diverse experience of the central banks of Israel and Hong Kong to create a retail central bank digital currency (CBDC)
Central Bank of Colombia Backs Partial Restrictions on Use of CBDC
Last week, the central bank of Colombia released a report suggesting that limiting CBDC with a high degree of probability may be the right strategy for a financial institution.
Mastercard Launches CBDC Partner Program With Major Blockchain Players
The set of partners at launch of the Mastercard CBDC Partner Program includes Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient and Fireblocks.
Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
Palau Government Teams Ripple to Pilot Stablecoin
The Republic of Palau collaborates with Ripple to launch a government-backed stablecoin on XRP Ledger
Nigeria Adds NFC Function to Boost eNaira Adoption
The Nigerian central bank hopes that the addition of NFC technology will improve the adoption rates for the country’s CBDC – eNaira
BIS Says 93% of Central Banks Work on Digital Currencies
The Bank for International Settlements (BIS) conducted a new study, according to the results of which the growth of the popularity of digital currencies of the central bank (CBDC) was recorded.
Swiss National Bank Preps Wholesale CBDC Test
The central bank of Switzerland intends to issue a wholesale digital currency.
Mercado Bitcoin Joins CBDC Project in Brazil
Besides the largest local crypto exchange Mercado Bitcoin, the pilot of the digital real CBDC in Brazil also involves Mastercard
Digital Yuan Now Available as a Payment Option in Qingdao Metro
China’s digital yuan central bank digital currency (CBDC) can be used for fare payments even if the passenger’s mobile phone has no signal or is out of battery
BIS and Bank of England Complete CBDC Project
The pilot project of using the central bank’s digital currency (CBDC), in which the Bank of England (BoE) and the Bank for International Settlements (BIS) participated, has been completed.
Colombia’s Central Bank Chooses Ripple for CBDC Pilot
The pilot project will show whether Ripple’s new end-to-end CBDC platform could help boost Colombia’s high-value payment system
Thailand Begins Pilot Retail CBDC Project
The Central Bank of Thailand has launched a retail pilot project using the central bank’s digital currency (CBDC).
Americans Are Sceptic About CBDC: Survey
A recent survey found that twice as many Americans are against (34%) the Federal Reserve offering a CBDC compared to those who favour centralized cryptocurrencies (16%)
Reserve Bank of Australia Tests CBDC Use Cases in Pilot
In Australia, the Reserve Bank, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), demonstrated the potential use cases and economic benefits of the central bank’s digital currency (CBDC).
Central Bank Digital Currency (CBDC) News
Central Bank Digital Currency (CBDC) has recently been a hot topic in the financial world. As a result, many central banks worldwide are exploring the possibility of introducing their digital currencies, which their respective governments would back.
China has been leading the way in developing a CBDC, with their digital currency electronic payment (DCEP) already in the testing phase. Other countries are following suit, with the European Central Bank announcing that they will begin a two-year investigation into the potential for a digital euro. The Bank of Japan is also conducting research into a CBDC.
Proponents of CBDCs argue that they could increase financial inclusion, reduce the costs of transactions, and improve payment systems. However, there are concerns about privacy and the potential for CBDCs to be used for illicit activities.
Overall, the development of CBDCs is an exciting and rapidly-evolving area in the financial world, with many potential benefits and challenges to consider.
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