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

Innovation Center Launch Could Advance US Digital Currency
Innovation Center Launch Could Advance US Digital Currency
November 30, 2021  |  CBDC

An innovation hub will help the U.S. central banking system advance the process of implementing digital currency, Federal Reserve Chair Jerome Powell said, according to...

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Japan Has a Private and Public Digital Yen in the Works, But Will Cash-Friendly Consumers Go Along?
Japan Has a Private and Public Digital Yen in the Works, But Will Cash-Friendly Consumers...
November 24, 2021  |  CBDC

Two of the most prevalent and fastest-growing ways of making cashless, digital payments are via scannable QR codes and tap-your-card NFC readers. Both were invented...

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Payments App KurePay to Suspend Services in Nigeria Next Year Amid Crypto Crackdown
Payments App KurePay to Suspend Services in Nigeria Next Year Amid Crypto Crackdown
November 24, 2021  |  Cryptocurrency

KurePay, the Nigerian payments app, is reported to be suspending its services in the country over crypto exchange crackdowns, a report says. KurePay, according to...

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India Again Announces Plan to Ban Cryptocurrencies as Digital Rupee Moves Ahead
India Again Announces Plan to Ban Cryptocurrencies as Digital Rupee Moves Ahead
November 23, 2021  |  International

After months of discussions and rumors that it was taking a less hostile stance on cryptocurrencies, the government of Prime Minister Narendra Modi re-introduced legislation...

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India Central Bank Eyes Digital Currency Trial Run in 2022
India Central Bank Eyes Digital Currency Trial Run in 2022
November 18, 2021  |  CBDC

The Central Bank of India could pilot a digital currency early in 2022, a change from when the central bank governor thought a soft launch...

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Singapore CBDC Strategy Likely Influence on US, UK Central Banks
Singapore CBDC Strategy Likely Influence on US, UK Central Banks
November 11, 2021  |  CBDC

In examining the emergence of central bank digital currencies (CBDCs) and their use cases — and the infrastructure that underpins it all — a twist...

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Banking Panel: CDBCs Will “Likely” Become Legal Tender 
Banking Panel: CDBCs Will “Likely” Become Legal Tender 
November 09, 2021  |  CBDC

Central bank digital currencies (CBDC) will likely become legal tender in their home countries, officials from two European central banks said Tuesday (Nov. 9).  Speaking...

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China To Marry Digital Yuan, Mobile Payment Apps
China To Marry Digital Yuan, Mobile Payment Apps
November 09, 2021  |  CBDC

The People’s Bank of China says it will make an effort to further link the digital yuan to the country’s popular mobile payment apps. As...

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Singapore Monetary Authority Says In No Rush For CBDCs
Singapore Monetary Authority Says In No Rush For CBDCs
November 09, 2021  |  Cryptocurrency

People should approach high-risk cryptocurrency investments with great trepidation, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS) said in a speech at...

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