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

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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GOP Pushes to Ban CBDCs Over Privacy Concerns
GOP Pushes to Ban CBDCs Over Privacy Concerns
February 27, 2024  |  CBDC

Five Senate Republicans have introduced legislation that would block the digital dollar. The “CBDC Anti-Surveillance State Act,” announced Monday (Feb. 26), would prevent the Federal...

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The EU Inches Closer to the Digital Euro — Will Stablecoins and Crypto Take a Back Seat?
The EU Inches Closer to the Digital Euro — Will Stablecoins and Crypto Take a...
February 21, 2024  |  CBDC

In Europe, a central bank digital currency (CBDC) has inched closer to reality, by virtue of a vote. As a result, the United States may...

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Agility and Robust Risk Management Key to APAC Success in 2024, Says Discover Global Network
Agility and Robust Risk Management Key to APAC Success in 2024, Says Discover Global Network
February 06, 2024  |  Authentication

In recent years, the Asia-Pacific (APAC) region has emerged as a driving force in the digital payments space, with the region’s rapid technology adoption and...

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