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

Brazil Targets 2024 for CBDC
Brazil Targets 2024 for CBDC
December 13, 2022  |  CBDC

Brazil’s central bank hopes to launch a digital currency in 2024. That’s according to Central Bank of Brazil President Roberto Campos Neto, who said Tuesday...

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UK Government Accelerates CBDC Exploration
UK Government Accelerates CBDC Exploration
December 09, 2022  |  News

The U.K. government will bring forward a CBDC consultation “in the coming weeks.” The revelation was made by the Chancellor of the Exchequer Jeremy Hunt...

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Today in Crypto: Gensler Steps Up; Coinbase Beat Down
Today in Crypto: Gensler Steps Up; Coinbase Beat Down
December 07, 2022  |  Cryptocurrency

Here’s a look a some of the events shaping the cryptocurrency landscape Wednesday (Dec. 7). Governments step up to the plate, while market makers slim...

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NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
December 07, 2022  |  CBDC

A group of large banks is preparing to test a shared digital asset settlement platform. According to the announcement, the study is set to take...

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Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
December 06, 2022  |  CBDC

The Central Bank of Nigeria has redefined ATM withdrawal limits to encourage digital currency usage. In a Tuesday (Dec. 6) press release, the CBN said...

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India’s Bankers Unimpressed With Digital Rupee
India’s Bankers Unimpressed With Digital Rupee
December 01, 2022  |  CBDC

India’s digital rupee has so far demonstrated little benefit, the nation’s bankers say. In a report from Reuters published Thursday (Dec. 1), seven bankers said...

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Ukraine’s Central Bank Details CBDC Project
Ukraine’s Central Bank Details CBDC Project
November 29, 2022  |  CBDC

Ukraine’s central bank is considering a central bank digital currency to let users trade cryptocurrency. According to a Monday (Nov. 28) news release from the...

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Swift Sees Sign-Ups for Cross-Border Service Triple
Swift Sees Sign-Ups for Cross-Border Service Triple
November 29, 2022  |  Cross Border Commerce

Swift says sign-ups for its cross-border payments service have tripled since its 2021 launch. Swift Go, “which brings speed, transparency, and certainty” to payments of...

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Report: Bank of Japan Set to Test CBDC
Report: Bank of Japan Set to Test CBDC
November 23, 2022  |  CBDC

The Bank of Japan will reportedly join a host of other countries in testing a central bank digital currency (CBDC) next year in experiments with...

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