Tag Archives: CBDC

CoinspeakerSouth Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services Six projects are being proposed for the public sector, including the development of a CBDC-based digital voucher management platform by the Bank of Korea. South Korea to Invest $14.5M in Blockchain Technology to Enhance Public and Private Sector Services

CoinspeakerRipple Collaborates with 10 Governments to Develop CBDCs amid Ongoing SEC Dispute Ripple's increasing influence is evident as 80% of Japanese banks have partnered with the company for blockchain-based payment solutions. Ripple Collaborates with 10 Governments to Develop CBDCs amid Ongoing SEC Dispute

CoinspeakerMore than 90% of BIS Members Considering Issuing CBDC The latest report from the Bank for International Settlements (BIS) revealed that 94 percent of 86 central banks are considering a CBDC soon. More than 90% of BIS Members Considering Issuing CBDC

The United States House of Representatives voted on Thursday in favor of barring the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) to its citizens. The CBDC Anti-Surveillance State Act bill garnered support from 213 Republicans and 3 Democrats, making the final tally 262 ‘yea’ to 192 ‘nay’. Republicans Pass Another Crypto Bill The bill, introduced by pro-crypto Rep. Tom Emmer (R-MN), marks the third crypto-focused legislation approved by...

CoinspeakerBrazil Central Bank Plans Multi-Phased Crypto Regulations by Year’s End The Banco Central do Brasil (BCB) acknowledges the complexity of regulating the diverse crypto sector. Brazil Central Bank Plans Multi-Phased Crypto Regulations by Year’s End

CoinspeakerHong Kong Forms Working Group to Support Tokenization, CBDC Interoperability The Archite­cture Community aims to enhance interoperability between wCBDC and tokenized assets, where wCBDC acts as a digital bridge to facilitate smooth interbank settlements for tokenized assets. Hong Kong Forms Working Group to Support Tokenization, CBDC Interoperability

CoinspeakerPatex Blockchain Ecosystem Expands Global Reach, Launches Native Token on Multiple CEX and DEX Platforms Patex has launched its PATEX token on CEXs and DEXs for interested users and traders to enjoy several perks and advantages in the ecosystem. Patex Blockchain Ecosystem Expands Global Reach, Launches Native Token on Multiple CEX and DEX Platforms

CoinspeakerIsrael Reveals Plans for Interest-Bearing CBDC The proposed digital shekel is different from other CBDCs in at least two ways. These are its interest-bearing nature and the separation of the role of banks from the provision of wallets and payment services.  Israel Reveals Plans for Interest-Bearing CBDC

CoinspeakerHungary Proposes New Bill to Allow Banks to Provide Crypto Services Hungary's move to embrace cryptocurrencies comes at a time when the global crypto market is making a comeback after a year-long market crisis. Hungary Proposes New Bill to Allow Banks to Provide Crypto Services

A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a blog post on Feb. 19. They added that many banks worry their customers might withdraw deposits to hold digital Euros instead. “These fears are misplaced,” they stated. The ECB is developing a digital Euro CBDC with legal tender status functioning as a digital payment solution for Europe. However, concerns are...