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.
BIS analysis reveals unequal CBDC uptake in Africa
CBDC helps African central banks implement monetary policy. A CBDC would save money on banknotes, transportation, and storage. Sub-Saharan Africa sends two-thirds of the world's money.
The RBI will pilot retail CBDC in December
The RBI is planning to test the "digital rupee" in retail. Within a month, the pilot will debut. Digital rupees will augment the present payment system, not replace it. Each bank testing CBDC will utilize 10,000 to 50,000 people.
New York Federal Reserve Partners With MAS to Research on wCBDCs
The New York Fed and Singapore's MAS are collaborating on CBDC development
Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream
Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream
Bank of Korea Completes 2nd Phase of CBDC Simulation Test
The Bank of Korea said that it has completed a 10-month CBDC simulation experiment research work on the 10-month central bank digital currency.
The Launch of CBDC May Destroy Bitcoin - Arthur Hayes
BitMEX co-founder Arthur Hayes believes the advent of CBDCs may not be a good tale for Bitcoin
Canada's Federal Government Begins Consultations on Digital Currency
The federal government of Canada announced in a budget address that it has started discussions on cryptocurrencies, stablecoins and central bank digital currencies.
BIS to Adopt DeFi Implementation in Forex CBDC Markets
The Bank for International Settlements (BIS), along with the “Eurosystem” – central banks of France, Singapore, and Switzerland will be launching a new project called “Project Mariana.”
PBOC Governor Says Digital Yuan Will Prioritize Privacy Protection
China's PBoC Governor Yi Gang has reassured that the country's Digital Yuan will prioritize privacy protection