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

Florida Gov. Ron DeSantis Proposes Banning Using CBDCs as Money
Florida Gov. Ron DeSantis Proposes Banning Using CBDCs as Money
March 20, 2023  |  CBDC

Florida Gov. Ron DeSantis wants to ban central bank digital currencies (CBDCs). DeSantis has proposed legislation that would prohibit the use of both federal and...

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Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
February 24, 2023  |  Cryptocurrency

Citizens Trust Bank will hold $65 million in USD Coin (USDC) cash reserves as part of a partnership to foster digital financial inclusion. Circle Internet...

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As Fiat Beats Bitcoin, BIS Head Eyes CBDCs and Tokenized Deposits 
As Fiat Beats Bitcoin, BIS Head Eyes CBDCs and Tokenized Deposits 
February 23, 2023  |  Cryptocurrency

The dust has settled. The battlefield is still. And, as has been widely reported this week, Agustín Carstens, general manager of the Bank for International...

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With 1B Users as Goal, Coinbase CEO Turns 2023 Focus to Regulation
With 1B Users as Goal, Coinbase CEO Turns 2023 Focus to Regulation
February 21, 2023  |  Earnings

Coinbase is focused on controlling what can be controlled and contingency planning for what can’t. This, as a year full of idiosyncratic events, battered the crypto...

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What the Future of Money Looks Like on Washington’s Birthday
What the Future of Money Looks Like on Washington’s Birthday
February 18, 2023  |  Payments Innovation

Money is evolving beyond Jeffersons, Jacksons and Benjamins, as digital solutions transform the landscape. This, as more than 4 in 10 Americans (41%) say they...

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Regulators Clear Stablecoin Path for Reluctant Banks 
Regulators Clear Stablecoin Path for Reluctant Banks 
February 15, 2023  |  Payment Methods

The regulators’ crackdown may chill private firms’ clamor to mint and issue stablecoins. And pave the way for banks to take the lead in stablecoin...

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UAE Plans Digital Dirham to Promote Cross-Border Payments
UAE Plans Digital Dirham to Promote Cross-Border Payments
February 13, 2023  |  CBDC

The United Arab Emirates (UAE) is preparing to launch a central bank digital currency. The Gulf nation announced its digital currency plans Sunday (Feb. 12)...

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Cash Use and Crypto Fears Have Countries Turning to CBDCs
Cash Use and Crypto Fears Have Countries Turning to CBDCs
February 08, 2023  |  CBDC

The way people pay for things is changing as the nature of money itself transforms. Fearing they may one day be left behind as digital,...

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India Tests Contactless Digital Rupee Payments
India Tests Contactless Digital Rupee Payments
February 06, 2023  |  CBDC

Indian banks and retailers have reportedly begun accepting contactless payments made with digital rupees. The move is part of the Reserve Bank of India’s retail...

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