Search Results for: Central Bank Digital Currencies

CBDCs: India Is Reportedy Testing Offline and Programmable Central Bank Digital Currencies

India is reportedly moving forward with the next few stages of its planned digital rupee pilot. This would add programmability and offline payment capability, according to a recent update. Like most major economies across the globe, India has been testing a retail CBDC or central… Read More

US Presidential Candidate Vivek Ramaswamy Rejects Central Bank Digital Currencies

U.S. Republican presidential candidate Vivek Ramaswamy has voiced strong opposition to Central Bank Digital Currencies (CBDCs), emphasizing the risks they pose to individual freedoms and privacy. In a recent social media post, Ramaswamy firmly rejected the idea of CBDCs, suggesting they pave the way for… Read More

CBDCs: Ripple Launches Platform for Development of Central Bank Digital Currencies, Stablecoins

With more than 90% of countries exploring, developing and implementing Central Bank Digital Currencies (CBDCs) as a way to increase financial inclusion and lower the cost and risk of domestic and cross-border payment processes, Ripple is announcing the Ripple CBDC Platform, which is described as… Read More

CBDCs: Volante Technologies Partners Expect Central Bank Digital Currencies to Lead Payments Sector

Volante Technologies, the global provider of cloud payments and financial messaging solutions to accelerate digital transformation, has released a partner-authored paper featuring insights “into the banking sector and projections for innovation-driven growth.” The report, the first in an annual series, “incorporates contributions from fifteen global… Read More

Exploring the Risks of Central Bank Digital Currencies – Washington, DC / Virtual

An in-person and live-streamed Cato policy forum titled “Exploring the Risks of Central Bank Digital Currencies” on Thursday, March 9 from 1-2 pm EST. The Cato Institute is pleased to welcome Representative Tom Emmer (R-MN) to provide an opening address as the first member of… Read More

The CBDC Revolution: Global Implications of Central Bank Digital Currencies – London

The Digital Pound Foundation and Global Policy Institute invite you to join us in London’s Canary Wharf on Monday 24 April for our FREE event – The CBDC Revolution: Global Implications of Central Bank Digital Currencies. This full day event is anticipated to spark some… Read More

ICYMI: ECB Panel on Central Bank Digital Currencies. A Digital Euro

It has been widely reported that the European Central Bank (ECB), has selected Amazon (NASDAQ:AMZN) alongside CaixaBank, Worldline AS, Nexi SpA, and EPI, to participate in a prototyping exercise as part of a review of a Central Bank Digital Currency (CBDC) or digital Euro. The… Read More

CBDCs: New Experiments Pave Way for Global Payments Using Central Bank Digital Currencies

  SWIFT, in collaboration with Capgemini, is conducting new experiments to test how we can interlink domestic CBDCs and “take the next step towards seamless cross-border payments involving digital currencies.” Interest in Central Bank Digital Currencies (CBDCs) is “on the rise.” A report from the… Read More

US Federal Reserve Publishes Consultation on Central Bank Digital Currencies (CBDCs), Looks for Feedback

The US Federal Reserve has published a discussion paper on central bank digital currencies or CBDCs. The consultation paper has long been anticipated from the central bank. The discussion paper summarizes the current state of the domestic payments system and discusses the different types of… Read More

CBDCs or Central Bank Digital Currencies May Completely Transform Global Economy: Report

Payments are faster and easier than ever before, the Chainalysis team writes in a blog post. As taps and texts continue to overtake cash and checks, they’re “increasingly digital, too,” the Chainalysis team adds while noting that thanks to the blockchain or distributed ledger tech… Read More

House Committee on Financial Services Schedules Hearing on Artificial Intelligence, Central Bank Digital Currencies

The House Committee on Financial Services has distributed its schedule for the month of July. Included on the schedule are several Fintech-related topics. On July 16, commencing at 12 PM ET, the Artificial Intelligence Task Force will hold a hearing entitled “I Am Who I… Read More

The Bank of Thailand Publishes Paper on Central Bank Digital Currencies: The Way Forward

The Bank of Thailand has published a paper on central bank digital currency (CBDCs) entitle the Way Forward for Retail Central Bank Digital Currency in Thailand. Thailand has been a fairly innovation-friendly nation in regards to Fintech. Several years ago, Thailand participated in Project Inthanon,… Read More

CBDCs: Bank of International Settlements Explains how Interoperability and Common Interfaces are Needed for Central Bank Digital Currencies

Reserve banks across the globe are increasingly focusing on developing or at least considering central bank digital currencies (CBDCs). They’re also looking into potential new ways to use virtual currencies to enhance the cross-border payments infrastructure. During the past few years, CBDCs have become one… Read More

CBDCs: Modern Central Sandbox Introduced by EMTECH to Help with Testing Central Bank Digital Currencies

EMTECH has introduced its “pilot-ready” innovation and regulatory compliance platform, the Modern Central Bank Sandbox, which will focus on serving reserve banks that are planning to “streamline regulatory reviews,” work with innovators on emerging technology (EmTech), or safely test their Central Bank Digital Currencies (CBDC)…. Read More

Developments related to Central Bank Digital Currencies have “Accelerated Dramatically” During Past 18 Months: Report

A report published by Global Digital Finance notes that during the past 18 months, the developments related to central bank digital currencies (CBDC) have “accelerated dramatically.” CBDC projects have gone from the research stage to formulating key policy requirements. Countries like China have even introduced… Read More

Governor of Saudi Arabian Monetary Authority Says Central Bank Digital Currencies Seem Promising and are Worth Exploring

Dr. Ahmed Abdulkarim Alkholifey, the Governor of Saudi Arabian Monetary Authority (SAMA), the nation’s reserve bank, says that central bank digital currencies or CBDCs seem to be promising and are worth further exploration. Dr. Ahmed’s comments came during a recent webinar held by the International… Read More

Bank of Canada Is Reportedly Planning to Hire Economist that Will Conduct Research related to Fintech and Central Bank Digital Currencies

The Bank of Canada, the nation’s central bank, recently posted a new job requirement for an economist who may have experienced working with digital currencies and financial technologies or Fintech services. The reserve bank has noted that it aims to serve as “a leading central… Read More

Cypherium, the Creator of Cross-Chain Interoperability Solution for Central Bank Digital Currencies, to Raise Funds via New Token Sale

Cypherium, which implemented the first cross-chain interoperability solution for central bank digital currencies (CBDCs) to communicate with their international counterparts, local industries and wholesalers, has revealed that it will raise funds through a secondary token sale. According to a release, the sale will give investors… Read More

Mastercard Unveils Central Bank Digital Currencies Testing Platform

  Mastercard announced on Wednesday it has launched a central bank digital currencies (CBDCs) testing platform to enable central banks to assess and explore national digital currencies. According to Mastercard, CBDCs are designed to be equivalent in value to a nation’s paper currency and subject… Read More

Retail Focused Central Bank Digital Currencies are “More Advanced” where Informal Economy is Larger: BIS Report

The Bank for International Settlements (BIS), a global financial institution owned by reserve banks that aims to support international monetary and financial cooperation and acts as a bank for central banks, has noted that central bank digital currencies (CBDCs) are now “in the limelight.” However,… Read More

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