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

CBDC Weekly: Is the US Behind on a Digital Dollar?
CBDC Weekly: Is the US Behind on a Digital Dollar?
July 25, 2022  |  CBDC

About 50 countries are in the development, pilot or launch phase of a central bank digital currency (CBDC), according to Josh Lipsky, senior director at...

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Algorand Adviser Says Digital Dollar Could Be Lifeline, Not a Threat to Banks
Algorand Adviser Says Digital Dollar Could Be Lifeline, Not a Threat to Banks
July 25, 2022  |  CBDC

Commercial banks are calling a Fed-issued digital dollar an existential business threat, but they seem to be missing the point. “The banks really should not...

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Today in the Connected Economy: Chase, Instacart Launch First Credit Card
Today in the Connected Economy: Chase, Instacart Launch First Credit Card
July 22, 2022  |  Connected Economy

Today in the connected economy, delivery service Instacart is set to launch its first-ever credit card through a collaboration with Chase. Also, the Bank of...

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Africa’s BEAC Could Launch Common Digital Currency
Africa’s BEAC Could Launch Common Digital Currency
July 22, 2022  |  Africa

The Bank of Central African States (BEAC), which serves Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea and the Central African Republic (CAR), could...

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Will Payments Tech’s Q1 Crypto Exuberance Create Q2 Hangover?
Will Payments Tech’s Q1 Crypto Exuberance Create Q2 Hangover?
July 21, 2022  |  Cryptocurrency

It’s been a rough couple of months for the crypto, with a stablecoin’s $48 billion collapse helping send bitcoin bumping below $20,000 for several weeks,...

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Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
July 19, 2022  |  CBDC

Nigerian lenders have been putting up roadblocks against using the country’s digital currency, concerned about loss of revenue from traditional banking services, Central Bank of...

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Treasury Department: Banks’ CBDC Fears Are Overblown
Treasury Department: Banks’ CBDC Fears Are Overblown
July 19, 2022  |  CBDC

Banks’ fears that a digital dollar would cost them depositors — and even make financial crises more severe — are overblown, according to a new...

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ECB’s Lagarde Says Embrace Digital Euro, Ditch Cryptocurrencies
ECB’s Lagarde Says Embrace Digital Euro, Ditch Cryptocurrencies
July 15, 2022  |  CBDC

The European Central Bank (ECB), like the Federal Reserve, the Bank of England and other central banks, is working on different projects to develop a...

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Weekly TechREG EMEA: Global Regulators Call for Interoperable Stablecoins, CDBCs; EU, UK Lawmakers Take on Credit Card Debt, X-Border Fees
Weekly TechREG EMEA: Global Regulators Call for Interoperable Stablecoins, CDBCs; EU, UK Lawmakers Take on...
July 15, 2022  |  Regulation

This week in TechREG in Europe, the Middle East and Africa (EMEA), global regulators and several central banks discussed the need for regulating the cryptocurrency...

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