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

Digital Dollar May Prevent Runs, but Banks Fear Lost Profits
Digital Dollar May Prevent Runs, but Banks Fear Lost Profits
July 13, 2022  |  CBDC

A new Treasury Department report argues that banks’ fears that a digital dollar would lead to the loss of depositors and even bank runs is...

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The Token Economy: The Promise of Faster, Cheaper Cross-Border Payments
The Token Economy: The Promise of Faster, Cheaper Cross-Border Payments
July 12, 2022  |  Cryptocurrency

When boosters of cryptocurrency talk about the ways it can turn traditional finance into obsolete finance, cross-border payments are inevitably the first thing they mention....

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Banque de France Enters Second Phase of Wholesale CBDC Project
Banque de France Enters Second Phase of Wholesale CBDC Project
July 12, 2022  |  CBDC

Banque de France (BDF) Governor François Villeroy de Galhau said the BDF has kicked off the second phase of experimentation into a wholesale central bank...

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Like Its Predecessor, the Digital Euro Will Require Security, Mobility
Like Its Predecessor, the Digital Euro Will Require Security, Mobility
July 11, 2022  |  emea

Since the first euros went into circulation over twenty years ago, few global developments have come close to the game-changing effect the single currency has...

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Meta Closes Novi Wallet, Which Launched Stablecoins, CBDCs
Meta Closes Novi Wallet, Which Launched Stablecoins, CBDCs
July 05, 2022  |  Meta

In a coda to its stablecoin payments ambitions, Meta announced on July 1 that the Novi digital wallet project is at an end. Launched with...

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Why EU Regulators, Policymakers Are Betting on a Retail CBDC
Why EU Regulators, Policymakers Are Betting on a Retail CBDC
July 04, 2022  |  CBDC

Most of the central banks in western countries have formally adopted a neutral position when it comes to the decision of whether to issue a...

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Singapore’s Chief FinTech Officer Questions Value of Private Crypto
Singapore’s Chief FinTech Officer Questions Value of Private Crypto
June 23, 2022  |  Cryptocurrency

The chief FinTech officer at the Monetary Authority of Singapore (MAS) is questioning the value of private cryptocurrencies as regulators step up the development of...

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Israel Central Bank Says DeFi Smart Contracts May Need Oversight
Israel Central Bank Says DeFi Smart Contracts May Need Oversight
June 20, 2022  |  Blockchain

A report Monday (June 20) from Israel’s central bank suggested that decentralized finance (DeFi) smart contracts may require oversight to prevent “malicious” acts, Bloomberg wrote....

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Fed Chair: CBDC Could Preserve Dollar’s Standing
Fed Chair: CBDC Could Preserve Dollar’s Standing
June 17, 2022  |  CBDC

A central bank digital currency (CBDC) would help boost the long-term strength of the U.S. dollar, the chair of the Federal Reserve said Friday (June...

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