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Central bank digital currencies (CBDCs) are digital counterparts of traditional fiat currencies overseen by central banks. Unlike volatile cryptocurrencies, CBDCs have a stable value, mirroring their nation’s currency, backed by monetary policies and regulations.
For the latest in CBDC news, this section provides real-time updates. Here, uncover insights on CBDCs pilots across the world and their results. Delve into CBDC news today exploring debates on CBDCs as potential state control tools or monetary innovations. Stay ahead with CBDC’s latest news as nations like China expand digital yuan use, and the IMF seeks global CBDC unification. For comprehensive news CBDC coverage, this is your hub.
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The Bank of England plans to launch a sandbox designed to test a central bank digital currency or also known as a CBDC.
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Hardly a well-known name in the crypto industry, former college football player and the young politician, Bo Hines, 29, got a high-profile appointment as an executive director of the Presidential Council of Advisers for Digital Assets, (or the “Crypto Council”)…
Opinion
Linking a CBDC, tokenized asset, digital wallet, and bank account is what governments need to envision as the goal of any CBDC initiative.
News
The Polymarket odds of Conservative and anti-CBDC candidate Pierre Poilievre being Canada’s next Prime Minister lept to 92% after Justin Trudeau’s resignation.
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Trends are everything in the blockchain world. They drive the crypto market and create narratives that shape the direction of bull and bear markets. Being on the right side of the trends in blockchain technology can be the catalyst for…
News
The National Bank of Cambodia has given commercial banks and payment firms permission to provide crypto-related services, but not for Bitcoin and other unbacked tokens. According to the Phnom Penh Post, the NBC formally declared the decision to allow banks…
News
The Bank of Russia has approved a new rule that will allow banks to block operations with digital rubles for days if they appear to be linked to fraud. The Bank of Russia has introduced new rules requiring banks to…
News
Bank Indonesia has successfully completed the Proof of Concept (PoC) for its Wholesale Rupiah Digital Cash Ledger.
News
Société Générale successfully executes collateralized market transaction with Banque de France, using digital securities and CBDC on blockchain. Société Générale, France‘s third largest bank by total assets after BNP Paribas and Crédit Agricole, has completed a blockchain-based repo transaction with…
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Ethereum
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The digital som, Kyrgyzstan’s future national virtual currency, moved closer to reality with parliamentary approval of a draft law outlining its framework. Kyrgyzstan’s Parliament has approved a draft law defining the status and legal framework for the digital som, the…
News
New research from the Bank of England suggests that emerging privacy technologies such as zero-knowledge proofs could enhance user control over data in a digital pound. The Bank of England has suggested that zero-knowledge proofs and other privacy-enhancing technologies —…
News
The Philippine central bank has completed trials for a wholesale CBDC proof-of-concept designed to enable round-the-clock fund transfers among financial institutions. The Bangko Sentral ng Pilipinas has concluded testing for Project Agila, a proof-of-concept for a wholesale central bank digital…
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The Missouri Senate has introduced a bill to prohibit central bank digital currencies as legal tender while encouraging the state to hold more of its reserves in gold and silver. Known as SB 194, the legislation was filed on December…
BTC
Bitcoin
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China’s digital yuan adoption faces “bottlenecks” due to user reluctance and competition from platforms like Alipay, says Charles Chang, a director at a Shanghai-based university. China‘s central bank digital currency — also known as the digital yuan — is still…
News
The Russian Ministry of Industry has proposed a two-year transition period for implementing digital ruble payments in retail over infrastructure concerns. The Russian Ministry of Industry has called for a two-year transition period before the mandatory adoption of payments using…
News
The key figure behind Russia’s central bank digital currency initiative has resigned from the central bank, ending her leadership role in the country’s digital currency initiative. A key mastermind behind Russia‘s central bank digital currency — also known as the…
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Bitcoin
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