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

This Week in CBDC: Boston Fed Finds Blockchain Bottlenecks in CBDC Design as China’s Digital Yuan Goes for Gold
This Week in CBDC: Boston Fed Finds Blockchain Bottlenecks in CBDC Design as China’s Digital...
February 06, 2022  |  CBDC

There were more than a few interesting things that came out of the report this week on the results of the experiments the Boston Fed...

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Sen. Toomey: China’s Digital Yuan Could Open Doors for U.S. Crypto Space
Sen. Toomey: China’s Digital Yuan Could Open Doors for U.S. Crypto Space
February 06, 2022  |  CBDC

Senator Pat Toomey, who is a top member of the Senate Banking Committee, has said China’s digital yuan could open a door for the U.S....

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Myanmar’s Newly Announced CBDC Raises Human Rights Concerns
Myanmar’s Newly Announced CBDC Raises Human Rights Concerns
February 04, 2022  |  CBDC

Military junta-ruled Myanmar is planning to create a central bank digital currency (CBDC) that will join the kyat as legal tender. Get the Full Story...

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Announcing Crypto Trading Tax and Digital Rupee Plans, India Makes Clear Payments Are Out
Announcing Crypto Trading Tax and Digital Rupee Plans, India Makes Clear Payments Are Out
February 01, 2022  |  Cryptocurrency

India’s finance minister just announced that India’s next budget will include a 30% tax on cryptocurrency, suggesting a long-feared total ban is likely off the...

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Jordan’s Central Bank Considering CBDC
Jordan’s Central Bank Considering CBDC
February 01, 2022  |  CBDC

Central Bank of Jordan Governor Adel Al Sharkas said recently the agency is considering whether to create its own central bank digital currency (CBDC) that...

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Crypto Coming to India with Digital Rupee, 30% Tax
Crypto Coming to India with Digital Rupee, 30% Tax
February 01, 2022  |  Cryptocurrency

In a budget speech on Tuesday (Feb. 1) India’s Finance Minister Nirmala Sitharaman announced that the transfer of digital assets would be allowed, with income...

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Jamaica: CDBC Will Help the ‘Financially Excluded’
Jamaica: CDBC Will Help the ‘Financially Excluded’
January 31, 2022  |  CBDC

Jamaica hopes its new central bank digital currency (CBDC), due to be unveiled in the first quarter of the year, will help the country’s unbanked...

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China’s Meituan to Allow CBDC Payments
China’s Meituan to Allow CBDC Payments
January 28, 2022  |  CBDC

China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. Get the Full Story...

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Bank of America Says US CBDC ‘Inevitable’
Bank of America Says US CBDC ‘Inevitable’
January 24, 2022  |  CBDC

The Bank of America has said a digital currency for the U.S. is “inevitable,” and might occur sometime between 2025 to 2030, Bloomberg writes. Get...

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