PYMNTS-MonitorEdge-May-2024

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

Starbucks Among 19 Firms Trialing China’s Digital Yuan
Starbucks Among 19 Firms Trialing China’s Digital Yuan
April 24, 2020  |  Cryptocurrency

The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S....

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Bitcoin Daily: Avanti Preparing To Apply For Banking Charter; NJ Lawmaker Introduces Regulatory Rules On Crypto
Bitcoin Daily: Avanti Preparing To Apply For Banking Charter; NJ Lawmaker Introduces Regulatory Rules On...
February 25, 2020  |  Bitcoin

A “future bank” focused solely on providing regulated services for digital assets is preparing to start, according to Coindesk on Monday (Feb. 24). Called Avanti,...

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Sweden’s Central Bank Floats E-Krona As Digital Currency
Sweden’s Central Bank Floats E-Krona As Digital Currency
February 21, 2020  |  B2B Payments

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the...

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Central Bankers Set April Meeting To Talk Digital Money
Central Bankers Set April Meeting To Talk Digital Money
February 06, 2020  |  Cryptocurrency

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters...

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Japan’s Central Bank Says Digital Currency Demand Could Soar
Japan’s Central Bank Says Digital Currency Demand Could Soar
January 30, 2020  |  Cryptocurrency

Although the Bank of Japan has no immediate time frame to issue digital currencies, the central bank’s deputy governor said it should explore the possibility...

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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under
Digital Currency Eyes Wholesale — Not Retail — Payments Down Under
January 21, 2020  |  Cryptocurrency

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. As...

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ECB Proposes Tiered Interest Rates To Control Digital Currency Volumes
ECB Proposes Tiered Interest Rates To Control Digital Currency Volumes
January 03, 2020  |  Cryptocurrency

Digital currencies, yes – but with limits. According to a paper that debuted this week from the European Central Bank (ECB), central bank currencies in...

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BIS Says Traditional FIs Must Embrace Digitization
BIS Says Traditional FIs Must Embrace Digitization
December 05, 2019  |  Cryptocurrency

To make sure that they stay at the center of the global payment system, the head of the Bank of International Settlements (BIS) says that...

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Bitcoin Daily: Ethereum To Debut New Bitcoin-Backed Token; Agriculture Eyes Blockchain For X-Border Trade
Bitcoin Daily: Ethereum To Debut New Bitcoin-Backed Token; Agriculture Eyes Blockchain For X-Border Trade
October 28, 2018  |  Bitcoin

Ethereum is set to launch a new token at the beginning of 2019. According to CoinDesk, the companies behind the new token include decentralized exchange...

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