CBDC
What is a CBDC?
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
About 90 Percent of Countries Representing the Global Economy Exploring CBDCs, Report says
A recent testimony by Julia Friedlander to Congress has revealed that more countries are exploring CBDCs, however, the US is lagging behind.
The Central Bank of Nigeria to Conduct its Central Bank Digital Currency Pilot on October 1
The Central Bank of Nigeria (CBN) officially announced to pilot its central bank digital currency programme on the Hyperledger Fabric blockchain on October 1.
GOP Senators Urge US Olympic Committee to Bar Athletes from Using Digital Yuan, China Rebukes Criticism
Three U.S. Republican senators urged United States Olympic & Paralympic Committee (USOPC) to ban American athletes from acquiring or using digital yuan (e-CNY) in the Beijing Winter Olympics in 2022. China rebukes their criticism.
UAE to Launch and Test in-house Digital Currency
The Central Bank of the United Arab Emirates has plans to develop an in-house digital currency by 2026.
Central Banks Doubt Cryptocurrency Limited Role in Reserve Operations
A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.
French Central Bank Succeeds in CBDC Experiment in the Issuance of a Government Bond
The Banque de France or Bank of France, the central bank of France, has prospered in undertaking an experiment on using a central bank digital currency (CBDC) to issue a French government bond.
The Bank for International Settlements Gives CBDCs Full Backing
The Bank for International Settlements (BIS) announced its full support for developing central bank digital currencies (CBDCs) in pursuing financial and monetary stability through international cooperation with the mandate and support by central banks.
Bitcoin Transaction Fees as a Percentage of Total Miner Revenues Hit Lowest Point Since June 2020
BTC transaction fees have plunged based on the ongoing Chinese crackdown on Bitcoin mining facilities.
Bank of France Conducts CBDC Test to Settle Listed Securities
The French central bank has conducted an experiment involving digital MNBC and the settlement of securities.
Bank of Israel Has Conducted Digital Currency Shekel Crypto Testing
Israel announced that the country has already conducted a pilot test on its digital shekel as part of its efforts to issue the Central Bank Digital Currency for public use.