Cryptocoins News / The Cointelegraph ​ - 2 years ago

Republican lawmakers introduce bill targeting China's CBDC on sanctions, privacy

Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise users' personal information.In a Wednesday announc...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

CBDCs will not impact private stablecoin market, says Tether CTO

Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins.Ardoino shared his two cents in a Twitter thr...

Cryptocoins News / Blockchain  - 2 years ago

Indian Finance Minister Sees "Clear Advantages" in CBDC

India’s Finance Minister, Nirmala Sitharaman, has hailed the (CBDC) being developed by the Reserve Bank of India (RBI). at the India Global Forum’s annual summit, the minister said the decision to develop the Digital Rupee project was based on co...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

The Philippines to launch pilot CBDC implementation

As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies (CBDCs) have caught the eye of various countries...

Bitcoin News / Bitcoin.com - 2 years ago

Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System

Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely resu...

Bitcoin News / Bitcoin.com - 2 years ago

Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official

The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the bank’s deputy governor has said. The Investi...

More / Bitcoin Reddit - 2 years ago

What Is preventing governments from banning crypto / bitcoin and enforcing their own CBDC like we see in china currently? (discussion)

The banks hate us because we take business away from them, governments hate us for the most part because we cannot be controlled. Genuinely curious why countries like UK or USA won't implement their own CBDC down the line meanwhile banning trading of...

More / Etherum Reddit - 2 years ago

Be weary of the the CBDC narrative

submitted by /u/samdane7777 [link] [comments]

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Crypto Twitter is not happy with the name and logo of Jamaica’s CBDC

The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community. The central bank of Jamaica announced on Twitter that it had chosen the n...

More / Etherum Reddit - 2 years ago

The End Goal Isn't Only CBDC's Or CBDC's at all

submitted by /u/samdane7777 [link] [comments]

Cryptocoins News / The Cointelegraph ​ - 2 years ago

BlockFi settles with the SEC, Russia’s CBDC trials begin and Cointelegraph releases its 2022 Top 100 list: Hodler’s Digest, Feb. 13-19

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Fed's Lael Brainard hints at US playing a lead role in development of CBDCs

Lael Brainard, a member of the Federal Reserve’s Board of Governors, encouraged the United States to be a leader in research and policy regarding central bank digital currencies, or CBDCs, due to potential international developments.In remarks prepar...

by COINS NEWS - 2 years ago

President Biden To Issue Executive Order For Crypto And CBDC Next Week

submitted by /u/whiteyfisk46 [link] [comments]

by COINS NEWS - 2 years ago

If you thought CBDC’s are here to help people, here is some clarity from Bank of International Settlement’s head: “With cash, we dont know who is using a $100 bill and who is using a 1000 pesos bill. A key difference in CBDC is that the central bank will

Many people seem to think CBDCs are the next step in crypto adoption, and governments are keen on introducing CBDCs to help people spend and invest in crypto in a safe manner instead of having to rely on risky tokens like USDT. I’ve seen statem...

by COINS NEWS - 2 years ago

If you thought CBDC’s are here to help people, here is some clarity from Bank of International Settlement’s head: “With cash, we dont know who is using a $100 bill and who is using a 1000 pesos bill. A key difference in CBDC is that the central bank will

Many people seem to think CBDCs are the next step in crypto adoption, and governments are keen on introducing CBDCs to help people spend and invest in crypto in a safe manner instead of having to rely on risky tokens like USDT. I’ve seen statem...

by COINS NEWS - 2 years ago

If you thought CBDC’s are here to help people, here is some clarity from Bank of International Settlement’s head: “With cash, we dont know who is using a $100 bill and who is using a 1000 pesos bill. A key difference in CBDC is that the central bank will

Many people seem to think CBDCs are the next step in crypto adoption, and governments are keen on introducing CBDCs to help people spend and invest in crypto in a safe manner instead of having to rely on risky tokens like USDT. I’ve seen statem...

by COINS NEWS - 2 years ago

If you thought CBDC’s are here to help people, here is some clarity from Bank of International Settlement’s head: “With cash, we dont know who is using a $100 bill and who is using a 1000 pesos bill. A key difference in CBDC is that the central bank will

Many people seem to think CBDCs are the next step in crypto adoption, and governments are keen on introducing CBDCs to help people spend and invest in crypto in a safe manner instead of having to rely on risky tokens like USDT. I’ve seen statem...

by COINS NEWS - 2 years ago

If you thought CBDC’s are here to help people, here is some clarity from Bank of International Settlement’s head: “With cash, we dont know who is using a $100 bill and who is using a 1000 pesos bill. A key difference in CBDC is that the central bank will

Many people seem to think CBDCs are the next step in crypto adoption, and governments are keen on introducing CBDCs to help people spend and invest in crypto in a safe manner instead of having to rely on risky tokens like USDT. I’ve seen statem...

Bitcoin News / Bitcoinist - 2 years ago

Bank of Russia Maintains Crypto Ban Stance As It Begins To Test Country’s CBDC

The Bank of Russia has started conducting trials for its own CBDC. The announcement coincides with the central bank’s plans to launch the CBDC project’s pilot phase in early 2022. Despite President Vladimir Putin’s request that his...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy

The 2022 Winter Olympics, officially called the XXIV Olympic Winter Games, kicked off on Feb. 4 in Beijing with crypto being a major part of the event, partly because of the Chinese government’s digital currency ambitions.The cryptocurrency community...

Bitcoin News / Bitcoin.com - 2 years ago

Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment

Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks...

Bitcoin News / Bitcoin.com - 2 years ago

Bank of Zambia Expects to Complete CBDC Study in Q4

The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narrowing the Financial Exclusion Gap The Z...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

MIT, Boston Fed give digital dollar CBDC a modest test run

The world recently got a sneak peek at what a digital dollar, or at least one component of a hypothetical United States central bank digital currency (CBDC), might look like, courtesy of Project Hamilton, a collaborative effort of the Federal Reserve...

Cryptocoins News / Blockchain  - 2 years ago

Kenyan Central Bank Seeks Public Opinion concerning CBDC

As a change of tune about crypto assets, the Central Bank of Kenya (CBK), Kenya’s apex bank, seeks to ask for public opinion about the potential introduction of a central bank digital currency (CBDC). As one of the pioneers of mobile money payment...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US Federal Reserve bank at the helm of CBDC research effort appoints new president

The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer.The seat became vacant in September 2021, when the then-president Er...