Tag Archives: CBDC

CoinspeakerFrench Central Bank Unveils Results of Extensive Wholesale CBDC Tests The French Central Bank is not alone in conducting wholesale CBDC experiments. For example, the Bank of England (BoE) is set to conduct a similar test soon. French Central Bank Unveils Results of Extensive Wholesale CBDC Tests

CoinspeakerFSB Finalizes Global Regulatory Framework for Crypto The aim of FSB was to provide a regulatory framework that would comply with the principle of "same activity, same risk, same regulation" and cover all possible risks related to crypto activity. FSB Finalizes Global Regulatory Framework for Crypto

CoinspeakerBank of China Launches Offline Payment Trial for Digital Yuan For now, the e-CNY app has a limit of 500 yuan ($77) per transaction and 10,000 yuan ($1,540) per day for offline payments. Bank of China Launches Offline Payment Trial for Digital Yuan

Brazil has been developing a CBDC for some time now. If all goes according to plan, the digital Real will be launched sometime in 2024. Once launched, it would support retail payments for anyone inclined to use it, backing up the payment with funds in the users’ bank accounts. Planning Ahead The Brazilian CBDC would not, however, interfere with other payment methods common in Brazil, such as Pix. According to a spokesman for the Brazilian government, the decision to push on...

CoinspeakerCircle CEO Advocates for Yuan-Backed Stablecoins Instead of CBDC in China China has been at the forefront of CBDC development, with ongoing trials and pilot programs for the digital yuan. Circle CEO Advocates for Yuan-Backed Stablecoins Instead of CBDC in China

CoinspeakerBIS Survey Reveals 24 Central Banks Planning to Introduce CBDCs by 2030 According to the survey, progress in the global development of CBDCs has continued since last year, with a particular emphasis on emerging economies where CBDCs are viewed as a means of providing financial access to unbanked individuals. BIS Survey Reveals 24 Central Banks Planning to Introduce CBDCs by 2030

An analysis conducted by Atlantic Council revealed that 130 nations, or 98% of the global GDP, are “exploring” a central bank digital currency (CBDC).  11 countries have fully launched one, with China being an example. A Closer Look at the CBDC Trends The research estimated that 95 counties had joined the CBDC race in the past three years. As of the moment, 130 nations have introduced some programs, with many being developed economies, such as Japan, South Korea, Australia,...

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...