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Analyst Forecasts BTC to Reach $1 Million in 10 Years, Envisions It as Future Reserve Currency
13.5.2024
Onchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s...
Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
13.5.2024
Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite...
Chinese workers paid in CBDC are cashing it out for real money: Report
13.5.2024
Some participants of China’s CBDC pilot program are reportedly hesitant to hold onto the digital yuan, citing a range of concerns with using the state-backed digital currency
‘Open-source’ CBDCs aren’t going to protect you from government
11.5.2024
Opinion: From Brazil to Norway, there is plenty of evidence that governments are planning to use CBDCs to abuse their people
Rwanda’s CBDC Taking Shape? Central Bank Explores Tokenized Retail CBDC
9.5.2024
The National Bank of Rwanda is assessing possible opportunities for a CBDC, adopting latest innovative technologies.
The post Rwanda’s CBDC Taking Shape? Central Bank Explores Tokenized Retail CBDC appeared first on Cryptonews
Bank of Thailand Tests Potential of a Retail CBDC, the Digital Baht
9.5.2024
The Bank of Thailand (BOT) has released a report on its Retail Central Bank Digital Currency (CBDC) pilot project, conducted using Giesecke+Devrient’s (G+D) technology solution. The project tested the digital version of the Baht and its potential for financial innovation, delivering key lessons...
Rwandan Research Paper Recommends CBDC With ‘Partial Pseudo-Anonymity’
9.5.2024
A recent research paper from the National Bank of Rwanda recommends a two-tier, universal, zero-interest central bank digital currency (CBDC) with partial pseudo-anonymity. Although the research paper identifies 15 opportunities for CBDC, only four are said to offer “high potential benefits...
Rwandan central bank proceeds with ambitious retail CBDC project
8.5.2024
The African country is eyeing a tokenized retail CBDC with offline transfer capabilities as it heads toward a cashless economy
ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’
8.5.2024
Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening attractiveness then you have to think about another new core...
CBDCs, stablecoins must ensure libertarian values — former CFTC chair
8.5.2024
J. Christian Giancarlo has stressed the importance of upholding values of liberty, privacy and economic freedom in a keynote address in London
HKMA Establishes Working Group to Set Standards for Wholesale CBDC Interoperability
8.5.2024
Project Ensemble Architecture Community will assist in the implementation of the Sandbox, slated to launch by mid-2024.
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India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor
8.5.2024
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor...
Hong Kong central bank forms community to explore assets tokenization
7.5.2024
Regulators like HKMA and SFC united with local private sector firms like HSBC and HashKey to support the market of tokenization in Hong Kong
Swiss National Bank Chair Jordan Discusses Two Alternatives to Wholesale CBDC
7.5.2024
The Swiss National Bank is investigating alternative options to its wholesale CBDC, said Thomas Jordan, the bank's chairman of governing board.
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India’s Central Bank Working To Boost Retail CBDC Volume Through Offline Capability
7.5.2024
The Reserve Bank of India is reportedly working to expand the use of its Central Bank Digital Currency by actively developing an offline transfer capability.
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Central banks must revise business model, embrace CBDCs — ECB member
6.5.2024
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit
Iran and Russia Working on Bilateral CBDC-powered Trade Solutions
3.5.2024
Iran and Russia are working on CBDC and “digital financial asset” (DFA)-powered trade solutions, an Iranian official has confirmed.
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Top Chinese Law Firm Analyzes Digital Yuan AML Challenges
29.4.2024
JunHe Law Firm Partner Chen Xin issues report to explore anti-money laundering challenges, opportunities and solutions in China's CBDC digital yuan deployment and regulation.
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Pakistan’s Finance Minister Reaffirms Government’s Interest in Digital Currency
29.4.2024
Pakistan's plans for a central bank digital currency gained fresh momentum on Sunday, with finance minister Muhammad Aurangzeb raising the debate again.
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Architect of China’s CBDC Project Faces Probe for Alleged “Violations of Discipline and Law”
26.4.2024
Yao Qian, the influential figure behind China's CBDC project, is currently under investigation for suspected "violations of discipline and law."
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