Tagged: cbdc

September 7, 2023 @ 4:26 pm By JD Alois  |  

The House Financial Services Committee has announced a hearing on the digital dollar or Central Bank Digital Currency (CBDC), held by the Subcommittee on Digital Assets, Financial Technology (Fintech), and Inclusion. Scheduled to take place on Thursday, September 14 at 2PM ET, the hearing is… Read More

September 5, 2023 @ 3:54 pm By JD Alois  |  

European Central Bank (ECB) Member of the Executive Board, Fabio Panetta, has issued a speech on a central bank digital currency (CBDC) advocating on behalf of issuing a digital Euro. Europe, like many other jurisdictions around the world, is reviewing the pros and cons of… Read More

August 10, 2023 @ 10:58 am By JD Alois  |  

There has been a lot of discussion about the US Dollar remaining the top reserve currency around the world. Having the dollar be the big dog in the realm of fiat brings a lot of benefits to the US and must be a leading policy… Read More

August 3, 2023 @ 11:36 am By Omar Faridi  |  

Emtech, a provider of central banking infrastructure, has launched its Central Bank Digital Currency (CBDC) Innovation kit. According to the firm, the kit aims to support Fintech platforms and various other financial service providers that are looking to experiment with solutions based on virtual currencies… Read More

July 23, 2023 @ 2:34 pm By Omar Faridi  |  

The Banque de France recently shared key lessons from its wholesale CBDC experiments using distributed ledger technologies (DLTs). Following the publication of an initial report in 20211, the Banque de France is now “releasing a new set of conclusions and lessons learned, covering the first… Read More

July 13, 2023 @ 12:30 pm By Omar Faridi  |  

Brazil’s CBDC (or central bank digital currency) codebase could potentially freeze or even reduce funds. This, according to an analysis by a blockchain developer. According to a reports, a blockchain/DLT developer found certain functions that could potentially allow a centralized entity to freeze payments or… Read More

July 6, 2023 @ 10:07 pm By Omar Faridi  |  

DBS (SGX:D05) announced it is one of the first foreign banks in China to launch an e-CNY merchant collection solution and complete an e-CNY transaction for a client. The solution empowers corporate clients of DBS China “to collect payments from their customers in e-CNY, China’s… Read More

July 6, 2023 @ 7:40 am By Omar Faridi  |  

Nuggets, a self-sovereign identity, and payment platform, recently announced that it is working with the Bank of England on a technology experiment to design a possible privacy and identity layer for the UK’s Central Bank Digital Currency (CBDC). If a CBDC – also known as… Read More

June 30, 2023 @ 10:41 pm By Omar Faridi  |  

Sologenic, a global firm focused on blockchain tokenization technology, announces the launch of two solutions: SOLONEX, an asset tokenization brokerage solution, and a specialized custom-built CBDC Tokenization Solution. Geared at facilitating financial transactions and asset management, these solutions will aim to bridge the gap between… Read More

June 28, 2023 @ 6:56 pm By JD Alois  |  

Like many other jurisdictions, the European Union has been reviewing the potential to launch a digital Euro, and today, the EU took another step in that direction. As expected, the EU issued a proposal to create a digital Euro which seeks to satisfy the needs… Read More

June 27, 2023 @ 6:30 pm By JD Alois  |  

The European Union is expected to release its proposal on digital payments and a possible digital euro soon. In advance of the anticipated release, the Crypto Council for Innovation has issued a statement on the forthcoming policy. Mark Foster, the EU Policy Lead at the… Read More

June 27, 2023 @ 8:10 am By Omar Faridi  |  

The Swiss National Bank (SNB) will reportedly be issuing a wholesale central bank digital currency (CBDC) on Switzerland’s SIX digital exchange as part of a pilot program, the central bank’s chairperson revealed at a recent conference that took place in Zurich on Monday (June 26,… Read More

June 20, 2023 @ 9:21 am By Omar Faridi  |  

The International Monetary Fund (IMF) is reportedly working on a solution for central bank digital currencies (CDBCs) to support financial transactions between nations, IMF MD Kristalina Georgieva revealed on Monday (June 19, 2023). As reported by Reuters, Georgieva told a conference attended by various reserve… Read More

June 7, 2023 @ 9:35 am By Barry James  |  

Reservations, Threats & Benefits In a recent conversation with Danny Kruger, a member of the Treasury Select Committee, we delved into the Bank of England’s Digital Pound Project and the broader implications of Central Bank Digital Currencies (CBDCs). This discussion is particularly timely, given that… Read More

June 7, 2023 @ 9:20 am By JD Alois  |  

The House Subcommittee on National Security, Illicit Finance, and International Financial Institutions, part of the Financial Services Committee, is holding a hearing today on the dominance of the dollar around the world as a reserve currency. The hearing is entitled Dollar Dominance: Preserving the U.S…. Read More

June 6, 2023 @ 1:45 am By Barry James  |  

An Urgent Call for Good Governance In light of the latest phase of the ongoing – ‘Great Debate” on the Remaking of Money – ‘The Great Digital £ Debate’ during May and into June – it is clear that the advent of Central Bank Digital… Read More

May 30, 2023 @ 5:05 pm By JD Alois  |  

The economist that publicly stated the internet would never amount to much comparing it to the fax machine – Paul Krugman is slamming Governor Ron DeSantis’ opposition to a digital dollar or a central bank digital currency (CBDC). DeSantis officially announced his candidacy for President of… Read More

May 25, 2023 @ 11:33 am By JD Alois  |  

Yesterday, in a Twitter Spaces interview which was delayed due to overwhelming interest, Florida Governor and candidate for President Ron DeSantis expressed his support for Bitcoin while re-iterating his opposition to central bank digital currency (CBDC). Florida has passed a law that they do not… Read More

May 21, 2023 @ 10:28 am By Omar Faridi  |  

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

May 19, 2023 @ 11:18 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Federal Reserve Bank of New York’s New York Innovation Center  (NYIC) have published a research report sharing the results of the joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). Singapore is typically viewed as the… Read More