Tag Archives: CBDC

[unable to retrieve full-text content]CoinspeakerAustralia’s Central Bank Wraps Up CBDC Pilot with Plans to Delay Decision  As Australia deliberates the potential implementation of CBDC, the central bank's report emphasizes that while introducing a digital dollar could enhance efficiency and resilience in certain segments of the country's payment ecosystem. Australia’s Central Bank Wraps Up CBDC Pilot with Plans to Delay Decision 

[unable to retrieve full-text content]CoinspeakerMastercard Joins Hands with Ripple on Its CBDC Partner Program As part of its CBDC Partner Program, Mastercard has joined hands with prominent CBDC leaders and payment giants to work along with the central banks to bring CBDCs to the market under a regulatory framework.  Mastercard Joins Hands with Ripple on Its CBDC Partner Program

Research conducted by the information service provider Bankinform estimated that many Russians are interested in the news surrounding the potential launch of a digital ruble. However, 32% are not in favor of such a monetary product, viewing it as some sort of scam. The world’s largest country by landmass has been among the most active on the CBDC scene. The pilot version, which will include testing with banks, businesses, and consumers, is expected to start in mid-August....

The central bank digital currency (CBDC) issued by Banco Central do Brasil is reportedly set to see the light of day in 2024. Its main purpose will be to boost financial services in the country. The South American nation is not the only one willing to introduce such a monetary product. China, Russia, Japan, Australia, the United Kingdom, and many more have also displayed such intentions.  As reported by Reuters, Brazil’s CBDC will be named DREX and is expected to go live next...

The popular podcaster and commentator – Joe Rogan – and the famous musician – Austin Richard Post (better known by his stage name Post Malone) – appear to be against the probable launch of a digital dollar. The former went even further, suggesting that such a financial product would cause a “game over” scenario. The potential creation of central bank digital currencies (CBDCs) has emerged as a highly controversial topic, with many other prominent individuals arguing against...

[unable to retrieve full-text content]CoinspeakerRipple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet. Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity

[unable to retrieve full-text content]CoinspeakerBrazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. Brazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX

Ron DeSantis – Governor of Florida and one of the Republicans’ presidential nominees – stated that the “war on Bitcoin and cryptocurrency” that Biden’s administration has supposedly waged will cease should he become the next political leader of the United States.  He also reiterated his hostile stance toward central bank digital currencies, saying such a financial product will not see the light of day if he gets elected. DeSantis’ Pro-Bitcoin Promise The US presidential...

[unable to retrieve full-text content]CoinspeakerBank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul  While the CBDC testing is scheduled for next year, the road to CBDC implementation is not without its challenges. Bank of Korea to Explore CBDC Testing in Selected Regions Outside Seoul 

[unable to retrieve full-text content]CoinspeakerA&G Announces Launch of First Crypto Fund in Spain The fund will be audited independently by PwC, one of the world's leading professional services organizations. A&G Announces Launch of First Crypto Fund in Spain