Central Bank Digital Currency Archives

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28 May, 2024

Hong Kong enables digital yuan payments

Hong Kong has become the first destination beyond mainland China to allow residents to open digital yuan wallets and make...

Currency of Tomorrow: Navigating the future of money

Finance

Gavin Lucas

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28 May, 2024

Currency of Tomorrow: Navigating the future of money

CBDCs, stablecoins, and tokenized assets were a hot topic at the London Blockchain Conference 2024, with Amarachi Amaechi hosting a...

CBDC Anti-Surveillance State Act passes US House, in partisan vote

Finance

James Field

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27 May, 2024

CBDC Anti-Surveillance State Act passes US House, in partisan vote

The CBDC Anti-Surveillance State Act will now progress to a Senate vote; With the Senate majority favoring the Democrats and...

Ghana VP: Blockchain could save Africa billions of dollars

Finance

Steve Kaaru

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20 May, 2024

Ghana VP: Blockchain could save Africa billions of dollars

Vice President Mahamudu Bawumia pledged to make Ghana the first country whose government is powered by blockchain and urged other...

DLT and CBDCs can save central banks’ business model: ECB

Finance

Steve Kaaru

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15 May, 2024

DLT and CBDCs can save central banks’ business model: ECB

Members of the European Central Bank’s governing board called on central banks to increase the pace of tech exploration as...

China’s CBDC recipients sell it quickly; Nigeria plots ways to boost eNaira use

Finance

Steven Stradbrooke

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14 May, 2024

China’s CBDC recipients sell it quickly; Nigeria plots ways to boost eNaira use

Chinese authorities insist that monitoring is only a concern with large transactions, as the digital yuan can be used for...

Rwanda weighing pseudo-anonymous CBDC to underpin cashless economy

Finance

Steve Kaaru

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14 May, 2024

Rwanda weighing pseudo-anonymous CBDC to underpin cashless economy

The National Bank of Rwanda published a paper examining the benefits, risks, and design principles of a token-based digital franc...

CBDC eliminates barriers of the siloed financial system: Swiss National Bank

Finance

Steve Kaaru

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14 May, 2024

CBDC eliminates barriers of the siloed financial system: Swiss National Bank

At a recent BIS event in Basel, Chairman Thomas Jordan discussed Project Helvetia III, including its benefits and some alternative...

Middle Eastern central banks eye CBDC for cross-border payments

Finance

Steve Kaaru

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13 May, 2024

Middle Eastern central banks eye CBDC for cross-border payments

At a recent World Economic Forum event, central bankers from Bahrain and Saudi Arabia discussed CBDC opportunities, from cross-border payments...

No current need for CBDC, Central Bank of Chile finds

Finance

Fred Baker

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10 May, 2024

No current need for CBDC, Central Bank of Chile finds

Poll respondents say CBDCs could benefit Chile's economy and even promote financial inclusion, but one problem hinders the country from...

India eyes extension of CBDC pilots to money market instruments, securities tokenization

Finance

Pradipta Mukherjee

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9 May, 2024

India eyes extension of CBDC pilots to money market instruments, securities tokenization

Apart from piloting India's CBDC in commercial papers and certificates of deposits, the Reserve Bank of India is also looking...

Iran, Russia cooperating on CBDC and tokenized assets

Finance

Fred Baker

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9 May, 2024

Iran, Russia cooperating on CBDC and tokenized assets

Iran’s trade attaché at the embassy in Moscow recently confirmed that Russia and Iran are working on a CBDC as...

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