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

Bitcoin’s Future as a Payments Tool Is Bright, Says BitPay CEO
Bitcoin’s Future as a Payments Tool Is Bright, Says BitPay CEO
February 14, 2022  |  Cryptocurrency

It’s no surprise that Stephen Pair, CEO of crypto payments processor BitPay, thinks that as bitcoin ownership becomes more common, more and more people will...

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CBDC Weekly: EU Says Stablecoin Bill Coming in March, Digital Euro as Soon as 2025
CBDC Weekly: EU Says Stablecoin Bill Coming in March, Digital Euro as Soon as 2025
February 11, 2022  |  CBDC

China’s digital yuan may be the largest central bank digital currency (CBDC), but a digital euro is coming. European Union Commissioner for Financial Services Mairead...

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Kenya Releases CBDC Discussion Paper While Seeking Public Input
Kenya Releases CBDC Discussion Paper While Seeking Public Input
February 10, 2022  |  CBDC

The Central Bank of Kenya (CBK) has released its discussion paper on the possibility of a central bank digital currency (CBDC) and is now awaiting...

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Zambia Climbs Aboard the CBDC Train but Hits the Brakes on Crypto
Zambia Climbs Aboard the CBDC Train but Hits the Brakes on Crypto
February 09, 2022  |  CBDC

The south-central African country of Zambia is joining the ranks of others across the continent and much of the world in exploring the pros and...

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IMF Director: No Universal Case for CDBC
IMF Director: No Universal Case for CDBC
February 09, 2022  |  CBDC

The managing director of the International Monetary Fund (IMF) has urged policy makers to consider the trade-offs of central bank digital currencies, saying there is...

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Today in Crypto: Crypto Industry Expected to Boost Political Spending; US DOJ Seizes $3.6B in Bitcoin Tied to 2016 Hack
Today in Crypto: Crypto Industry Expected to Boost Political Spending; US DOJ Seizes $3.6B in...
February 08, 2022  |  Cryptocurrency

Digital wealth management platform Betterment announced Tuesday (Feb. 8) that it will buy automated crypto portfolio provider Makara. In the press release, Betterment CEO Sarah...

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House Committee Voices Concerns Over Stablecoin’s Effect on Dollar
House Committee Voices Concerns Over Stablecoin’s Effect on Dollar
February 08, 2022  |  Cryptocurrency

Today’s stablecoin hearing in front of the House Financial Services Committee wasn’t about stablecoins, per se, but rather the administration’s recent report on how to...

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China’s X-Border CBDC Ambitions Will Bring Digital Yuan to Broader Global Stage
China’s X-Border CBDC Ambitions Will Bring Digital Yuan to Broader Global Stage
February 08, 2022  |  CBDC

Beyond retail, beyond the confines of its own borders, China is eyeing bringing its central bank digital currency (CBDC) to a broader world stage. The...

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Japan’s Biggest Bank Plans Yen-Pegged Stablecoins
Japan’s Biggest Bank Plans Yen-Pegged Stablecoins
February 07, 2022  |  Cryptocurrency

Mitsubishi UFJ Trust, Japan’s largest bank by assets, is planning to issue a stablecoin pegged to the yen under the revised Settlements and Payment System...

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