Articles filed under

CBDC – Central Bank Digital Currencies

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March 2023

CBDC: Boon Or Bane?

Critics fear CBDCs could mean the end of cryptocurrencies, and an increasing number of countries are racing to develop their own.

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Russia delays CBDC pilot to await new law

India, UAE to collaborate on cross-border central bank digital currencies

China’s WeChat social media giant integrates digital yuan into payment platform

Australia’s central bank identifies CBDC use cases as it prepares pilot launch

China’s digital yuan initiative gets cold reception from Hong Kong visitors

Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser

March 2023

Crypto Clarity Coming?

The UK and Europe are following suit in trying to regulate crypto. Just how far along have they come and what more do they have in store?

CBDCs are coming. Here’s why you should worry

Governments are pushing central bank digital currencies to exert more control over macro policy, writes Josef Tětek of Trezor. But your money and privacy are also at stake.

Why the cloud will be critical to US competitiveness in world finance

The future global financial system will be reliant on the cloud, especially when it comes to CBDCs and stablecoins, writes Michael Greenwald and Logan Weber.
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Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser

UAE central bank to issue CBDC, promote digital asset growth

India’s largest retailer Reliance starts CBDCs sales

Digital yuan sales during Lunar New Year up from last year, online retailers say

February 2023

What does the future hold for digital assets in 2023?

NFTs, tokenization and blockchain-based cross-border payments will see big paradigm shifts, but their success will depend on regulation, investment and adoption, writes Stephen Richardson of Fireblocks.

CBDCs may drive more funds into DeFi protocols, says Immunefi’s Mitchell Amador

Immunefi founder Mitchell Amador believes the future security risks of CBDCs will highlight the benefits of DeFi.

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Digital yuan sales during Lunar New Year up from last year, online retailers say

Universal digital payments network for stablecoins, CBDCs launches at Davos

January 2023

Why local currency stablecoins are needed in non-US countries

Stablecoins in USD are becoming the digital world’s default currency — which burdens ordinary crypto users and monetary policies in smaller nations, writes Wei Zhou of Coins.ph.

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Universal digital payments network for stablecoins, CBDCs launches at Davos

S.Korea central bank puts hand up to regulate stablecoins

Indonesia central bank releases whitepaper on digital rupiah, to develop wholesale CBDC first

December 2022

The Future of Money

CBDCs are the latest fad amongst central banks around the world – but how can they change our lives?

Stablecoin, CBDC issues take center stage at Singapore’s Future of Finance Forum

Central bank digital currencies draw fire over inflation, privacy and threat to innovation, as questions raised over status of stablecoins in digital asset ecosystem.

Digital Transformation Boost

How can collaboration help advance digital age and blockchain technologies?

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Indonesia central bank releases whitepaper on digital rupiah, to develop wholesale CBDC first

Singapore’s central bank partners New York Fed to explore wholesale CBDCs

Singapore still aims to be a crypto hub, minus speculative trading

Singapore’s Project Ubin+ to study cross-border FX with CBDCs

India’s finance minister urges G20 nations to come on board to regulate crypto

BIS’ ‘Project Mariana’ to explore CBDC integration with DeFi

Payments platform StraitsX to show real-world stablecoin use at Singapore Fintech Festival

mBridge participants to end domestic payments of foreign CBDCs

November 2022

Hong Kong announces policies to win back role as digital asset hub

Hong Kong reveals digital asset policies to distinguish itself from China, where cryptocurrency trading was banned in September last year.

Aptos debut underwhelms amid questions over design and performance

Top blockchain and crypto news: Aptos launch falls short. Why FTX chief is calling for crypto regulations. Is Hong Kong paving way for a retail CBDC?

Horizon Worlds fails to lift Meta as users stay away

Top blockchain and crypto news: Mark Zuckerberg’s empty metaverse. South Korea to roll out blockchain IDs. Macau bets on digital money.

The Digital Rupee

Despite India’s repeated warnings against cryptocurrencies, crypto exchange giants WazirX remain hopeful of a digital rupee.

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mBridge participants to end domestic payments of foreign CBDCs

Kazakhstan’s central bank to test CBDC on BNB chain

Hong Kong, BIS explore CBDC-backed stablecoins in retail prototype

Macau is betting on digital currency, CBDC as legal tender

Shenzhen leads China in cross-border CBDC transactions: report

WazirX wants to integrate India’s digital rupee

RBI to begin CBDC pilots, outlines wholesale, retail concepts

CBDCs, tokens can integrate to existing payments systems, SWIFT claims

October 2022

Australia gears up for state-backed digital currency trials

Top blockchain and crypto news: Digital dollar didgeridoos. Bitcoin softens as sterling sinks. ‘World’s dumbest’ crypto criminals nabbed in China.

Future of CBDCs & Stablecoins

Can regulators strike a balance between innovation and regulation of stablecoins and CBDCs? We take a closer look in today’s episode of TDF.

U.S. Fed has growing interest in CBDCs, says Jeng at Crypto Council for Innovation

Linda Jeng, chief regulatory officer and general counsel at the Crypto Council for Innovation said the U.S. has seen the writing on the wall and is expanding the conversation about cryptocurrency, in comments at Forkast’s “Crypto Rising: CBDCs & Stablecoins: The Asia Perspective.”

‘Act smart, but act fast’: Industry experts say there’s no time to waste addressing stablecoins, CBDCs in Asia

Panelists at Forkast’s “Crypto Rising: CBDCs & Stablecoins: The Asia Perspective,” co-hosted by the Crypto Council for Innovation (CCI), said tackling the technology requires international cooperation and flexibility to not stifle innovation.

Terra chief faces arrest as South Korea ramps up global manhunt

Top blockchain and crypto news: Where is Do Kwon hiding out? Ethereum Merge mood fading fast. China’s digital yuan draws scrutiny Down Under.

Australia Senator says China’s CBDC may threaten national security

Amid the worsening relationship with China, one Australian Senator is trying to address possible national security concerns that may arise from Beijing’s Central Bank Digital Currency project.

World Economic Forum argues for CBDCs, Australia latest to test use-case technology

With over 100 countries experimenting with the technology behind Central Bank Digital Currencies, the World Economic Forum of Davos fame lays out its views on the potential benefits and drawbacks of CBDCs.

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CBDCs, tokens can integrate to existing payments systems, SWIFT claims

Sweden’s central bank to test use of retail CBDC for instant payments

Russia said to consider digital ruble settlements with China

RBA opens submissions for 2023 CBDC pilot

Hong Kong needs at least two years to build wholesale CBDC: HKMA

Singapore Deputy Prime sees “tremendous potential” in tokenization and DLT

RBI asks 4 state-run banks to test digital rupee, in talks with fintech: report

New hire in Saudi Central Bank to work on crypto regulations: report

IMF looks to build platform for cross-border CBDC transactions

US Digital Dollar Project to work with Ripple on CBDC technical sandbox

September 2022

Klaytn chief says reducing ‘human elements’ can prevent hacks

After high-profile cyberattacks on decentralized apps, the blockchain industry is in a hurry to ramp up security. Sam Sangmin Seo, head of Klaytn, tells Forkast that minimizing human error may be the key.

Why crypto and DeFi are key to building wealth in times of high inflation

As wages stagnate and prices spiral, crypto offers investment and growth opportunities unmatched by the traditional financial system, writes Tarik Moon, CEO of Alpine.

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US Digital Dollar Project to work with Ripple on CBDC technical sandbox

India blockchain forum plans to chart future with governments, regulators

China expands digital yuan loans to further cities

CBDCs better poised for cross-border payments than Bitcoin, stablecoins: ECB study

China’s central bank to expand digital yuan pilot program

August 2022

Inter-country use key for CBDCs to reach potential: report

For central bank digital currencies to enhance cross-border payments, issuing institutions must take functionality into account to avoid unintended barriers, a joint report by three international financial bodies says.

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China’s central bank to expand digital yuan pilot program

US credit union lobby group says cost of developing CBDCs outweighs benefits