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

Reserve Bank of India’s Acceptance of Digital Rupee Highlights Privacy Concerns
Reserve Bank of India’s Acceptance of Digital Rupee Highlights Privacy Concerns
December 29, 2021  |  CBDC

If you look deeper at the news of India’s central bank accepting a “basic” digital rupee as “a safe, robust, and convenient alternative to physical...

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RBI Supports a Full Ban on Cryptocurrencies in India
RBI Supports a Full Ban on Cryptocurrencies in India
December 19, 2021  |  Cryptocurrency

The Reserve Bank of India is in favor of a total ban on cryptocurrencies, Economic Times of India writes. The news comes from anonymous sources...

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FOMO vs. FUD: Can Banks’ Fear of Losing Customers Overcome the Fear of Crypto?
FOMO vs. FUD: Can Banks’ Fear of Losing Customers Overcome the Fear of Crypto?
December 17, 2021  |  Cryptocurrency

If you ask crypto insiders, many of the bad investment decisions inexperienced cryptocurrency buyers make can be attributed to two different types of fear. One...

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Crossing Borders and Crossing Swords, France Successfully Trials CBDC Bond Trading
Crossing Borders and Crossing Swords, France Successfully Trials CBDC Bond Trading
December 16, 2021  |  CBDC

The Banque de France announced Thursday (Dec. 16) that it has successfully finished the first stage of its plan to create a wholesale central bank...

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Ukrainian TASCOMBANK Will Test Digital Currency on Stellar Blockchain 
Ukrainian TASCOMBANK Will Test Digital Currency on Stellar Blockchain 
December 14, 2021  |  CBDC

The Ukrainian commercial bank TASCOMBANK is working with the FinTech Bitt to issue an electronic hryvnia — the country’s national currency — on the Stellar...

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China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
December 09, 2021  |  CBDC

China is now working on connecting its nearly finished central bank digital currency (CBDC) to Hong Kong’s Fast Payment System. Announced by the head of...

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73% of FIs That Offer Cryptocurrency Plan to Add More
73% of FIs That Offer Cryptocurrency Plan to Add More
December 06, 2021  |  Cryptocurrency

Despite the availability of new payment options, many financial institutions (FIs) lag the marketplace interest in cross-border payments innovations, especially when it comes to providing...

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Cash Still King in Nigeria Despite Digital Drive
Cash Still King in Nigeria Despite Digital Drive
December 06, 2021  |  Cash

Despite the drive for digital payments in Nigeria, cash is still king, with circulation hitting record numbers in October against a backdrop of officials pushing...

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Central Bank of Bahrain to Offer Digital Payments Platform
Central Bank of Bahrain to Offer Digital Payments Platform
December 05, 2021  |  Digital Payments

The Central Bank of Bahrain is likely the next to offer a digital currency, Reuters writes. The bank plans to offer a digital Dinar, which...

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