CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

Crypto and the Circle of Disintermediation
Crypto and the Circle of Disintermediation
November 01, 2022  |  Cryptocurrency

Banks have been getting louder and louder about their opposition to central bank digital currencies (CBDCs) like the digital dollar over the course of 2022,...

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China Central Bank Governor Says Digital Yuan Has ‘Managed Anonymity’
China Central Bank Governor Says Digital Yuan Has ‘Managed Anonymity’
October 31, 2022  |  Cryptocurrency

People’s Bank of China Governor Yi Gang has reportedly said that the country’s centralized digital yuan (e-CNY) should protect privacy but should not be as...

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BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
October 31, 2022  |  CBDC

A four-country test of a cross-border payments system using central bank digital currencies was a success, the Bank for International Settlements (BIS) declared last week,...

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Singapore Tests Programmable Money as CBDC Alternative
Singapore Tests Programmable Money as CBDC Alternative
October 31, 2022  |  CBDC

The Monetary Authority of Singapore and DBS Bank are running a trial of tokenized Singapore dollars that can be programmed for specific uses and allow merchants...

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Reserve Bank of India Launches First Pilot of Digital Rupee
Reserve Bank of India Launches First Pilot of Digital Rupee
October 31, 2022  |  CBDC

The Reserve Bank of India (RBI) has announced that the first of its pilot launches of a digital rupee will begin Tuesday (Nov. 1) with...

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Four Countries Test Multi-CBDC Arrangement
Four Countries Test Multi-CBDC Arrangement
October 26, 2022  |  CBDC

The Bank for International Settlements (BIS) on Wednesday (Oct. 26) published a report on Project mBridge, a four-nation collaborative pilot for cross-border central bank digital...

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eNaira’s First Anniversary Holds Lessons for CBDC Boosters
eNaira’s First Anniversary Holds Lessons for CBDC Boosters
October 26, 2022  |  CBDC

If there’s one lesson to take away from the first anniversary of Nigeria’s struggling eNaira central bank digital currency (CBDC), it’s that China has shown...

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Digital Yuan Transactions Pass $14B While US Debates Digital Dollar
Digital Yuan Transactions Pass $14B While US Debates Digital Dollar
October 26, 2022  |  Cryptocurrency

Chinese citizens have spent more than $14 billion worth of digital yuan, the People’s Bank of China said last week. That represented 360 million transactions...

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Today in Crypto: Lawmaker Says US Needs CBDC to Remain in ‘the game’; BitKeep Wallet to Reimburse Users in $1M Hack
Today in Crypto: Lawmaker Says US Needs CBDC to Remain in ‘the game’; BitKeep Wallet...
October 18, 2022  |  Cryptocurrency

Crypto wallet BitKeep has been hacked for more than $1 billion in BNB Chain and Polygon-based tokens on Tuesday (Oct. 18), a Coindesk report said....

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