News about CBDC

News about Cbdc

UK Economic Affairs Committee unconvinced by prospect of retail CBDC

A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dollar. Th...

Tom Emmer (a Congressman) introduced a bill today prohibiting the Fed from issuing a Central Bank Digital Currency (CBDC) directly to individuals and the reasons he gave were (& are) very valid.

"As other countries, like China, develop CBDCs that fundamentally omit the benefits and protections of cash, it is more important than ever to ensure the United States’ digital currency policy protects financial privacy, maintains the dollar’s d...

Tom Emmer says we should prioritize crypto, not the authoritarian cbdc's.

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US lawmaker proposes bill aimed at limiting Fed's ability to issue CBDC

Having the Fed require users to open accounts to access the benefits of a digital dollar would put it "on an insidious path akin to China’s digital authoritarianism," according to Tom Emm...

CBDC wallet tops mobile app store charts in China

The pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores. The official digital yuan wallet app that...

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate

China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yua...

Is anyone else terrified of CBDC's and their potential to enslave humanity?

Look into CBDCs and the amount of control they give to central banks. they are fully centralized transparent, every transaction is subject to surveillance. transactions are directly taxable. endless money printing ie. inflation. negative interest ra...

Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’

The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service provider participated in the pilot. Only One...

CBDC in Canada

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Bank of Jamaica completes first CBDC pilot

The Bank of Jamaica initially partnered with the Irish cryptography firm eCurrency Mint for its CBDC project in March 2021. The Bank of Jamaica (BoJ) has successfully...

When CBDCS launch so will the 5x of BTC and crypto bull-run as of now 5-8% of all printed money is now in crypto. $2-3T of $36T all printed money. When that money has no where else to go. Its coming home to defi and crypto. Brace for the growth we are ear

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Mexico confirms plans to roll out CBDCs in 2024

New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive. Mexico has announced that it would introduce a new n...

India’s Central Bank RBI Discusses Digital Currency and CBDC Launch With Minimal Impact on Monetary Policy

India’s central bank, the Reserve Bank of India (RBI), says a basic central bank digital currency (CBDC) model must be adopted initially and tested comprehensively to minimize the impact on the country’s monetary policy and banking syst...

CBDCs could make traditional banks obsolete. Shouldn’t banks work on new business models to survive? Is Bitcoin an answer?

It seems quite certain that CBDCs will be a centralized privacy nightmare by giving transparency and full power about every aspect of money to a single institution while everyone else will not be granted any rights or insights. From a business perspe...

Binance CEO Gives His Thoughts On Central Bank Digital Currencies (CBDCs)

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CBDCs are ‘a strong validation of blockchain technology,” says Binance CEO

Changpeng “CZ” Zhao also says CBDCs may have positives and an option, but governments shouldn’t seek to regulate them independently. Binance CEO Changpeng Zhao, one of the most prominent figures in crypto, has cautioned that gover...

From eNaira to eHryvnia, a Caribbean fintech develops CBDC around the world

"We're also excited that when working with central banks, we can do it in a way that is through regulation and compliance," says Bitt CEO Brian Popelka. Barbados, a p...

From eNaira to eHryvnia, a Caribbean fintech develops CBDCs around the world

"We're also excited that when working with central banks, we can do it in a way that is through regulation and compliance," said Bitt CEO Brian Popelka. Barbados, a p...

How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank

The Stellar Development Foundation (SDF) has been working with the Ukrainian government on their national Central Bank Digital Currency (CBDC) for a while. The collaboration has started to produce results as the SDF, Bitt, and TASCOMBANK recently dep...

HSBC and IBM create successful multi-ledger CBDC demo

The two firms successfully executed cross-realm and end-to-end digital asset transactions with the pilot test, which can also settle securities and forex. On Thursday,...

Kazakhstan's central bank reports results on CBDC pilot project

The National Bank of Kazakhstan said it plans to present some of the results of the CBDC study to stakeholders in July 2022 and reaching a decision on launching a digital tenge by Decembe...

Some Politicians Think CBDCs Will Make Bitcoin Obsolete — They Won’t, Bitcoin Is Unique. More and more people will opt for the Bitcoin system in the future.

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Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate

Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (central bank digital currency) an attractive option to use. E-N...

From NFTs to CBDCs, crypto must tackle compliance before regulators do

Crypto industry leaders need to self-regulate before inadequate public officials decide to take on the task themselves. Each year that we get a little further away fro...

Russia prioritizes CBDC ruble as overall crypto outlook seems positive

What is the future of cryptocurrencies in Russia, and can a digital ruble really be introduced in the coming years? After the Chinese authorities introduced a complet...

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