Tag Archives: CBDC

The UK government wants to adopt the nascent crypto asset industry to enable exponential growth to its economy away from the Brussels shackles. Having successfully secured its independence from the European Union through Brexit, the United Kingdom (UK) continues to reorganize its internal policies to attract international investors and streamline bilateral trade. In the latest developments under the leadership of Prime Minister Rishi Sunak, the UK government announced the Financial...

As research continues into a possible digital euro, the ECB plans to begin trials that settle transactions using a CBDC. The European Central Bank will begin trials on market transaction settlements using distributed ledger technology (DLT) via a central bank digital currency (CBDC). The ECB’s readiness to begin the CBDC trials and experimentation follows the first meeting of the New Technologies for Wholesale Settlement Contact Group (NTW-CG). The minutes of the meeting explored...

The state House of Representatives voted on the bill, with 73 out of 120 members voting in its favor, 40 members against it, and the remaining seven were absent. The lower house of the North Carolina General Assembly has passed a bill that would task the Department of State Treasurer to assess the feasibility of the state holding Bitcoin (BTC). The study will also measure the benefits that the state could derive from such investments. The bill proposes allocating $50,000 to study the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The topic of a central bank digital currency (CBDC) continues to permeate the digital currency arena. The question is, “Does a CBDC warrant anything special, and should we really be paying attention to such a concept?” A CBDC May Not Be the Best Thing for America A CBDC is a digital asset issued not by any...

During the Point Zero Forum banking conference held in Zurich yesterday, the upcoming launch of a Swiss CHF-based CBDC was announced by Thomas Jordan, the chairman of the Swiss Nation Bank (SNB). Although no exact date has been put forth by the bank, the chairman of the SNB announced that the CBDC would be released sooner rather than later. This seems in line with earlier statements from the BIS – who often work closely with the SNB – who planned to have a working prototype...

The Bank of England (BoE) has made extensive research on the best format for developing a digital pound to supplement the fiat system. The Bank of England (BoE) is working on re-establishing the pound as the preferred global reserve currency through a Central Bank Digital Currency (CBDC). The rise of the digital economy post-Covid-19 global pandemic through the cryptocurrency market has most governments thinking about moving to decentralized ledger technologies (DLTs). Moreover, the use of...

The decision to prioritize wholesale CBDCs, which involve tokenized securities, showcases the SNB’s commitment to thoroughly assess and manage any associated risks before considering the introduction of retail CBDCs. The Swiss National Bank (SNB) is set to create a digital currency known as a wholesale central bank digital currency (wCBDC). According to a Reuters report, the announcement was made by the head of SNB, Thomas Jordan, during a Point Zero conference in Zurich yesterday, 26...

Singapore’s MAS created the report with 11 banking giants to run several pilots improve market issuance by tokenizing assets. The Monetary Authority of Singapore (MAS) is proposing a framework to develop open and interoperable networks for tokenizing assets. On Monday, the central bank published a report containing details of its proposal, called Project Guardian. The publication states that the MAS is already collaborating with 11 organizations working to develop and test tokenization...

Mit dem Aufkommen von Kryptowährungen und der wachsenden Beliebtheit von Bitcoin haben sich verschiedene Standpunkte und Überzeugungen entwickelt. Unter den Anhängern von Bitcoin gibt es eine Gruppe, die als „Bitcoin-Maximalisten“ bekannt ist. Diese Gruppe glaubt fest daran, dass Bitcoin die einzige wahre Kryptowährung ist und alle anderen digitalen Währungen überflüssig sind. Als Reaktion auf die wachsende Diskussion über...

Tether ist eine unregulierte Kryptowährung mit Token, die vom Unternehmen Tether Limited ausgegeben werden. Tether Limited wird von den Akteuren hinter der Börse Bitfinex kontrolliert. Tether ist eine Kryptowährung, die als „Stablecoin“ bekannt ist, da sie an den Wert eines realen Vermögenswertes, normalerweise einer Fiatwährung wie dem US-Dollar, gekoppelt ist. Hier sind sieben potenzielle Pluspunkte von Tether: Stabilität: Als Stablecoin ist...