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

‘National Interest’ Said to Drive US Treasury Support of Digital Dollar

‘National Interest’ Said to Drive US Treasury Support of Digital Dollar
‘National Interest’ Said to Drive US Treasury Support of Digital Dollar
September 08, 2022  |  CBDC

The U.S. Treasury Department plans to advise the federal government to issue a digital dollar, though it will only officially sign off if there’s a...

READ MORE >
Fed’s Powell on Stablecoins: Money Isn’t ‘Just Another Consumer Product’
Fed’s Powell on Stablecoins: Money Isn’t ‘Just Another Consumer Product’
September 08, 2022  |  Cryptocurrency

Most eyes were on Jerome Powell‘s comments about the Federal Reserve‘s battle with inflation, but the United States central bank’s chairman had time to call...

READ MORE >
Emerging Nations Woo Crypto With Economic Zones, Relaxed Rules
Emerging Nations Woo Crypto With Economic Zones, Relaxed Rules
September 07, 2022  |  Cryptocurrency

Binance is working with crypto-friendly Nigeria to create a digital economic zone aimed at enticing blockchain and cryptocurrency companies to set up shop in Africa’s...

READ MORE >
EMEA Daily: BoE Could See Shakeup as New UK Chancellor Seeks to Control Inflation
EMEA Daily: BoE Could See Shakeup as New UK Chancellor Seeks to Control Inflation
September 07, 2022  |  International

Today in Europe, the Middle East and Africa (EMEA) news, the United Kingdom’s new chancellor spent his first full day in office meeting leaders from...

READ MORE >
EU Focuses CBDC Initiatives on Personal Over Business, Web3
EU Focuses CBDC Initiatives on Personal Over Business, Web3
September 07, 2022  |  CBDC

In the European Union, the initial stage of a digital euro and potential use cases for a central bank digital currency (CBDC) will target personal...

READ MORE >
CBDC Weekly: Digital Dollar Project Starts Sandbox; IMF Pushes for Cross-Border Platform; India Plans Live Pilot
CBDC Weekly: Digital Dollar Project Starts Sandbox; IMF Pushes for Cross-Border Platform; India Plans Live...
September 06, 2022  |  CBDC

The U.S. Digital Dollar Project (DDP) has announced plans to create a technical sandbox where members and financial services providers can experiment with a U.S....

READ MORE >
Saudi Central Bank Taps Mohsen AlZahrani to Lead Virtual Assets Program
Saudi Central Bank Taps Mohsen AlZahrani to Lead Virtual Assets Program
September 04, 2022  |  Personnel

The Saudi Central Bank has appointed Mohsen AlZahrani as the head of its virtual assets and central bank digital currency program, which could see the...

READ MORE >
Digital Dollar Project’s Sandbox to Study CBDC X-Border Payments
Digital Dollar Project’s Sandbox to Study CBDC X-Border Payments
August 31, 2022  |  CBDC

The Digital Dollar Project (DDP) will start a technical sandbox program starting in October to explore the technical aspects of implementing a U.S. central bank...

READ MORE >
Banks’ SMB Payments Pain Could Be Blockchain Payments Really Big Gain
Banks’ SMB Payments Pain Could Be Blockchain Payments Really Big Gain
August 30, 2022  |  B2B Payments

When it comes to cryptocurrency payments, a lot of attention is placed on consumers paying merchants, but business-to-business (B2B) payments are an area where crypto...

READ MORE >