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

Yellen Speech on Crypto Calls for New, Faster Payments System
Yellen Speech on Crypto Calls for New, Faster Payments System
April 07, 2022  |  Cryptocurrency

Even though there will be no policy bombshells in Treasury Secretary Janet Yellen’s first speech focused entirely on digital assets, the need to build better...

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Digital Euro Will Balance Privacy, Anti-Money Laundering Concerns, Finance Ministers Say
Digital Euro Will Balance Privacy, Anti-Money Laundering Concerns, Finance Ministers Say
April 04, 2022  |  CBDC

A new digital euro will offer more privacy for smaller transactions — though full anonymity is still apparently off the table, Coindesk wrote Monday (April...

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Citi’s Magical MetaFi Tour Predicts a $13T Metaverse Financial System, Infinite Payment Rails by 2030
Citi’s Magical MetaFi Tour Predicts a $13T Metaverse Financial System, Infinite Payment Rails by 2030
April 04, 2022  |  Metaverse

By 2030, 5 billion people — more than half the world’s population — will be trading in daily drudgery for the metaverse’s 3D immersive virtual...

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China’s Central Bank to Expand Digital Yuan Trials to More Cities
China’s Central Bank to Expand Digital Yuan Trials to More Cities
April 03, 2022  |  CBDC

The Peoples’ Bank of China plans to expand its trial for digital yuan to include more cities, a report Saturday (April 3) from Bloomberg said....

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With AML Proposal, ECB Gives Digital Euro Leg up on Bitcoin Payments
With AML Proposal, ECB Gives Digital Euro Leg up on Bitcoin Payments
March 31, 2022  |  CBDC

On Monday (March 28), EU lawmakers proposed an anti-money laundering (AML) regime that would require identification and screening for any cryptocurrency or stablecoin transaction, no...

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ECB, Fed, BoE Work on an Interoperable CBDC
ECB, Fed, BoE Work on an Interoperable CBDC
March 31, 2022  |  CBDC

In a speech before the European Parliament on Wednesday (March 30), Fabio Panetta, member of the board of the European Central Bank (ECB), said that...

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The Case for Stablecoins: A Better, Safer, More Innovative Payments Solution Than Bitcoin
The Case for Stablecoins: A Better, Safer, More Innovative Payments Solution Than Bitcoin
March 29, 2022  |  Cryptocurrency

There are few segments of the cryptocurrency industry that get as much focus from policymakers as stablecoins. Ever since Meta panicked elected officials, central bankers...

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House Bill Calls for Creation of Crypto-Less, Privacy-First Digital Dollar
House Bill Calls for Creation of Crypto-Less, Privacy-First Digital Dollar
March 28, 2022  |  CBDC

A new bill seeks to purge not just blockchain, but all digital ledgers from the digital dollar. Rep. Patrick Lynch (D-Mass.) and four Democratic colleagues...

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Treasury Under Secretary Adds FedNow to Stablecoin vs Digital Dollar Debate
Treasury Under Secretary Adds FedNow to Stablecoin vs Digital Dollar Debate
March 23, 2022  |  Digital Payments

In all the heated debates about regulating stablecoins and creating a digital dollar, the U.S. Treasury Department has been remarkably quiet about its own existing...

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