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

Fed Governor: CBDC Not Crucial to Supremacy of Dollar
Fed Governor: CBDC Not Crucial to Supremacy of Dollar
October 14, 2022  |  Cryptocurrency

The creation of a central bank digital currency (CBDC) in America is probably not that crucial to ensuring the supremacy of the U.S. dollar, Federal...

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Today in Crypto: Coinbase Touts ML Site Security; Voyager Creditors Against Granting Firm Execs Immunity
Today in Crypto: Coinbase Touts ML Site Security; Voyager Creditors Against Granting Firm Execs Immunity
October 13, 2022  |  Cryptocurrency

Coinbase has touted its machine learning team’s ability to develop modeling techniques to find bad actors, keeping users’ accounts safe, a company blog said. The...

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ECB Study Notes Challenges For Stablecoin Acceptance
ECB Study Notes Challenges For Stablecoin Acceptance
October 11, 2022  |  CBDC

A new study from the European Central Bank (ECB) has found that retail central bank digital currencies (rCBDCs), which could be used to allow for...

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Study of Digital Dollar Beneficial Even if CBDCs Never Happen: Cleveland Fed Head
Study of Digital Dollar Beneficial Even if CBDCs Never Happen: Cleveland Fed Head
October 10, 2022  |  Cryptocurrency

Cleveland Federal Reserve President Loretta Mester said that even if the U.S. does not issue a central bank digital currency (CBDC), the Fed’s study of...

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Simplifying X-Border Flows Key to Achieving Global CBDC Interoperability
Simplifying X-Border Flows Key to Achieving Global CBDC Interoperability
October 09, 2022  |  CBDC

In an announcement last month, the European Central Bank (ECB) revealed the five companies that have been selected to partake in a “prototyping exercise” as...

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SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
SWIFT Claims Cross-Border CBDC Success; ECB Wants Settlement Control
October 06, 2022  |  CBDC

Financial messaging system SWIFT said that it has solved one of the thorniest problems central bank digital currency (CBDC) developers have been wrestling with: How...

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Republicans Ask for DOJ Help in CBDC Fight
Republicans Ask for DOJ Help in CBDC Fight
October 05, 2022  |  CBDC

A group of Republican lawmakers is asking the U.S. Department of Justice (DOJ) to weigh in on the Federal Reserve’s proposed creation of a central...

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Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
October 05, 2022  |  Cross-border Payments

In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if...

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ECB Holds Off on P2P Digital Euro Transactions
ECB Holds Off on P2P Digital Euro Transactions
September 29, 2022  |  CBDC

A digital euro might be based on blockchain technology, but it will require middlemen to validate transactions, at least to begin with. The core purpose...

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