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

GOP Bill Would Ban App Stores From Supporting Apps That Accept Digital Yuan
GOP Bill Would Ban App Stores From Supporting Apps That Accept Digital Yuan
May 26, 2022  |  CBDC

Republican U.S. lawmakers want to ban app stores from hosting apps that let payments be made with the Chinese digital currency, Reuters reported Thursday (May...

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CBDCs Give Central Bankers Control When Cash Isn’t King Anymore
CBDCs Give Central Bankers Control When Cash Isn’t King Anymore
May 26, 2022  |  CBDC

Much has been made of the need for a digital dollar as a way of reinforcing the U.S. dollar’s role as the world’s reserve currency,...

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Fed’s Vice Chair Brainard Makes a Case for a US CBDC In Congress
Fed’s Vice Chair Brainard Makes a Case for a US CBDC In Congress
May 26, 2022  |  CBDC

Lael Brainard, Vice Chair of the Federal Reserve, will testify before the Committee on Financial Services in the U.S. House of Representatives on Thursday, May...

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Circle Tells Federal Reserve a CBDC ‘Could Destabilize’ Banking
Circle Tells Federal Reserve a CBDC ‘Could Destabilize’ Banking
May 25, 2022  |  CBDC

Circle has responded to a Federal Reserve paper Wednesday (May 25) about the possibilities of a U.S. central bank digital currency (CBDC), saying it could...

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Heyday or Doomsday? Regulators, Banks at Odds Over CBDCs
Heyday or Doomsday? Regulators, Banks at Odds Over CBDCs
May 24, 2022  |  CBDC

The Federal Reserve asked the public for its thoughts on the need for a central bank digital currency (CBDC), and the banking industry has answered...

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Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
May 23, 2022  |  CBDC

Wall Street lenders want the U.S. government to slow down on their plans for a digital dollar, Bloomberg reported Monday (May 23). They think a...

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G-7 Leaders Cold on Crypto, Warm on CBDCs
G-7 Leaders Cold on Crypto, Warm on CBDCs
May 23, 2022  |  Regulation

The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank...

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CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC Business
CBDC Weekly: Digital Euro Could Launch in Four Years; Chile Looks Ahead; SWIFT Wants CBDC...
May 23, 2022  |  CBDC

A digital euro could be as little as four years off, according to a top European Union official. And when an EU central bank digital...

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SWIFT to Test CBDC Ability to Facilitate Cross-Border Payments
SWIFT to Test CBDC Ability to Facilitate Cross-Border Payments
May 22, 2022  |  CBDC

SWIFT, the global provider of financial messaging services, is looking at tests to link various central bank digital currency (CBDC) networks for cross-border transactions, a...

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