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

Switzerland Central Bank Willing to Expand CBDC Project
Switzerland Central Bank Willing to Expand CBDC Project
July 03, 2024  |  CBDC

The Swiss National Bank is reportedly amenable to expanding its digital currency project. “We would like to see a pilot which develops, with more banks...

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US House Passes Bill Requiring Congressional Authorization for CBDC
US House Passes Bill Requiring Congressional Authorization for CBDC
May 24, 2024  |  CBDC

The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit...

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This Week in Web3: Wells Notices, Crypto Payments and Usability
This Week in Web3: Wells Notices, Crypto Payments and Usability
May 08, 2024  |  Cryptocurrency

Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange...

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India Proposes CBDC That Can Function Offline
India Proposes CBDC That Can Function Offline
May 06, 2024  |  CBDC

India’s central bank wants its digital currency to be available without internet access. “One of the key features of cash is that it works offline,” Reserve...

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ECB Official: Central Banks Must ‘Speed Up’ CBDC Adoption
ECB Official: Central Banks Must ‘Speed Up’ CBDC Adoption
May 06, 2024  |  CBDC

Bundesbank’s president said central banks must speed the adoption of digital currency to remain viable. “If you would have asked me 20 years ago if...

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Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial Markets
Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial Markets
May 06, 2024  |  CBDC

The Swiss National Bank (SNB) is conducting a pilot project that has used wholesale central bank digital currency (CBDC) and successfully settled four tokenized bond issuances and...

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Swiss National Bank Chairman Says Retail CBDC Too Risky
Swiss National Bank Chairman Says Retail CBDC Too Risky
April 08, 2024  |  CBDC

Swiss National Bank (SNB) Chairman Thomas Jordan said Monday (April 8) that the risks of a central bank digital currency (CBDC) issued to the general public would outweigh...

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Swift Finds Connector Can Enable Wide Range of CBDC Transactions
Swift Finds Connector Can Enable Wide Range of CBDC Transactions
March 25, 2024  |  CBDC

Swift has released the results of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution. The findings suggest...

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Hong Kong Kicks Off Wholesale CBDC Project
Hong Kong Kicks Off Wholesale CBDC Project
March 07, 2024  |  CBDC

Hong Kong’s central bank has launched a wholesale central bank digital currency (wCBDC) project. The effort, dubbed “Project Ensemble,” is designed to support a new...

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