Tag Archives: CBDC

As part of Project Marina, the three banks have collaborated with the Bank of International Settlements (BIS), for conducting CBDC cross-border settlements. The central banks of France, Switzerland, and Singapore collaborated with the Bank of International Settlements (BIS) to conduct a joint test for cross-border payments with central bank digital currencies (CBDCs). On Thursday, September 28, the central bank – Banque de France – issued a report. Payments in CBDCs Project Mariana, a...

Despite entering the list of approved digital assets, PayPal’s PYUSD stablecoin may not experience the instantaneous adoption initially anticipated following the launch.  Crypto.com, a Singapore-based digital assets trading platform, has formed a strategic alliance with PayPal and Paxos to strengthen its global standing as the preferred exchange for the PayPal stablecoin PYUSD. The move builds on the existing business relationship between PayPal and Crypto.com, enabling users to fund their...

According to the report, in some countries, central banks are directing their attention toward wholesale CBDCs, which are designed to facilitate the settlement of interbank transfers and other wholesale transactions. Agustin Carstens, the General Manager of the Bank for International Settlements (BIS), has urged countries to take immediate action in establishing clear legal frameworks to support the implementation of Central Bank Digital Currencies (CBDCs). The BIS chief made this appeal...

The Bank of Russia is contemplating 2025 to be the year when the digital ruble, the local central bank digital currency (CBDC), may see widespread adoption in the country. This move indicates the central bank’s strategic approach to modernizing the payment landscape in the nation. Olga Skorobogatova, the first deputy governor of the Bank of Russia, emphasized that the digital ruble is viewed as an additional payment method alongside existing options like the Faster Payments...

On Sept. 20, the CBDC Anti-Surveillance State Act passed out of the Financial Services Committee. Republican Senator Tom Emmer said it was, “A historical step in defending against an ever-expanding government surveillance state.” The House Majority Whip has been battling against Federal Reserve moves to develop a CBDC. The first anti-CBDC bill in the United States passed out of the Financial Services Committee today! A historical step in defending against an ever-expanding...

Buterin is looking forward to a future where developers can leverage an independent open tech stack. Speaking to the attendees of the Decentralized Finance (DeFi) event Permissionless which was held in Austin, Texas, Ethereum (ETH) co-founder Vitalik Buterin has expressed his enthusiasm towards a progressive future for the Ethereum network. He strongly believes that the network will keep pressing forward, adopting new ideas and offering innovative solutions to existing challenges. Though...

Seit der Einführung von Bitcoin im Jahr 2009 hat sich die Welt der digitalen Währungen rasant entwickelt. Die Entstehung und Akzeptanz von Kryptowährungen, gefolgt von der aktuellen Welle der Zentralbank-Digitalwährungen (CBDCs), zeigt, wie tiefgreifend die digitale Revolution den Finanzsektor verändert hat. In diesem Artikel werden wir die Evolution von digitalen Währungen und ihre Auswirkungen auf den globalen Finanzmarkt untersuchen. 1. Bitcoin:...

On Sept. 4, Fabio Panetta, ECB Executive Board member at the Committee on Economic and Monetary Affairs of the European Parliament, said the central bank was nearing the end of its research and investigation phase. It will soon decide whether to move to the next phase of potentially developing and issuing a digital Euro. The ECB first published a report on a CBDC in October 2020, and three years later, they’re ready to move forward. Big Tech Warning The first key aspect is...

The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements. On Sunday, September 3, Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the importance of wallet providers in enabling CBDC payment options across various retail settings. Mu’s comments come as China’s central bank digital currency (CBDC), the digital yuan,...

The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global financial messaging network, has unveiled the results of a groundbreaking experiment hindering the widespread adoption of tokenized assets. According to an official announcement on August 31,  the company has successfully demonstrated that...