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

Thailand Begins Pilot Retail CBDC Project
Thailand Begins Pilot Retail CBDC Project
June 13, 2023  |  CBDC

Thailand’s central bank has launched a pilot retail central bank digital currency (CBDC) project. According to a Monday (June 12) Bangkok Post report, the Bank of...

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ECB Says Payments Landscape Has Room for Digital Euro
ECB Says Payments Landscape Has Room for Digital Euro
May 30, 2023  |  CBDC

The European Central Bank (ECB) has done recent tests that show the potential of a digital euro. The bank released results of a “prototyping exercise” — conducted...

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Report: UK CBDC Will Need New Finance and Data Laws
Report: UK CBDC Will Need New Finance and Data Laws
May 22, 2023  |  CBDC

If the United Kingdom wants to launch a digital pound, it will need to update its finance and data laws. That’s according to a Monday...

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UK Treasury Committee Proposes Regulating Consumer Crypto Trading as Gambling
UK Treasury Committee Proposes Regulating Consumer Crypto Trading as Gambling
May 19, 2023  |  Cryptocurrency

Consumer trading in cryptocurrency should be regulated not as a financial service but as gambling. So said the Treasury Committee composed of Members of Parliament (MPs) from...

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NY Fed Teams With Singapore on Multicurrency Cross-Border CBDC Project
NY Fed Teams With Singapore on Multicurrency Cross-Border CBDC Project
May 19, 2023  |  CBDC

Cross-border payments are a major railway for facilitating the functioning of the global economy. Yet they face significantly greater challenges including slower speeds, more restricted...

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Circle Says Lack of Direct EMI Access to EU Central Bank Accounts Stifles Payments Innovation
Circle Says Lack of Direct EMI Access to EU Central Bank Accounts Stifles Payments Innovation
May 19, 2023  |  Cryptocurrency

To access central bank accounts in the European Union (EU) today, electronic money token (EMT) issuers, and by extension all electronic money institutions (EMIs), have...

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Ripple CBDC Head Makes the Case for Blockchain-Based Money
Ripple CBDC Head Makes the Case for Blockchain-Based Money
May 18, 2023  |  CBDC

Innovations that transform the world historically rest on revolutionary, but above all viable, use cases. Utility is instrumental to adoption, and as money movement becomes increasingly...

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Samsung and Bank of Korea Collaborate on Offline CBDC
Samsung and Bank of Korea Collaborate on Offline CBDC
May 16, 2023  |  CBDC

Samsung is reportedly working with the Bank of Korea on a central bank digital currency (CBDC). The consumer tech firm has signed an agreement known as a memorandum...

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How a 190-Year-Old UK Bank Is Reimagining Payments
How a 190-Year-Old UK Bank Is Reimagining Payments
May 15, 2023  |  Cross-border Payments

Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And...

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