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Russian Regions Say CBDC Will Help Them Fight Corruption
18.8.2023
Russian regions say that the nation’s CBDC, the digital ruble, will help them fight corruption by “eliminating the shadow economy.”
Per Dela, an economy-focused newspaper that covers the Krasnoyarsk Krai region, officials in Siberia are keen to use the coin to conduct their business....
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Ripple, Consensys participate in Mastercard program to promote CBDC innovation
17.8.2023
The payment processor has enlisted a range of market players in its quest for innovation and efficiencies in a technology that 93% of central banks are investigating
Colombia central bank recommends limiting CBDC holdings and spending
17.8.2023
Setting limits on CBDC transactions could be beneficial to issues related to user privacy and security, according to the central bank of Colombia
US Rep. Warren Davidson Claims Some XRP Holders “So Hyper-Defensive” of Ripple’s CBDC Work
17.8.2023
US Congressman Warren Davidson who has been increasingly vocal against a central bank digital currency (CBDC) lately, said that some Ripple token (XRP) holders are “hyper-defensive” about Ripple’s recent CBDC moves.
In a Twitter (X) post on Aug. 15, Davidson noted that he was surprised by...
Kazakhstan Takes Another Step Closer to CBDC Launch – Digital Tenge on Its Way?
17.8.2023
Kazakhstan is edging closer to the “launch” of a CBDC, making it the latest former Soviet nation to announce its foray into the digital fiat sphere.
Per Telesputnik, the Central Bank laid out a detailed proposal for a digital version of the fiat tenge to the nation’s Supreme Audit Chamber.
The...
US Congressman Warren Davidson: ‘Banning CBDC Is Essential to America’s Fintech Future’
16.8.2023
U.S. Congressman Warren Davidson has railed against central bank digital currencies (CBDC), stating that enacting a ban on these instruments is “essential” for the future of the fintech industry in America. Davidson explained that many people wrongly conflate cryptocurrencies with CBDC...
Mbridge Project Has Observers Worried About Advances of the Digital Yuan
15.8.2023
The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping away at the world dominance of the U.S. dollar...
Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?
15.8.2023
The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.
Per Jinyun News, via Enorth, city officials claimed that some 302,000 merchants had processed the aforementioned amount in 14.97...
Zimbabwe central bank close to introducing gold-backed digital tokens into retail
14.8.2023
Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation
Russia Will Use CBDC Pay Benefits & Evade Sanctions, Experts Claim
13.8.2023
Russian experts say they think that the government will use the digital ruble to pay state benefits – and think the CBDC could be used to evade sanctions.
With just days to go until Russia pilots the coin, experts have been examining the scant details that have thus far been forthcoming prior...
Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’
13.8.2023
The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.” According to the bank’s governor, the gold-backed digital tokens have already proven to be an effective monetary policy instrument. Central bank governor...
United States CBDC Debate Goes Mainstream As Post Malone Takes Swipe At “Digital Dollar”
11.8.2023
American rapper, Post Malone has criticized the idea of a potential United States Central Bank Digital Currency (CBDC) describing it as a means of government control.
The celebrity dropped his two cents on the issue on the popular podcast, the “Joe Rogan Experience” where the duo fired shots...
Today in Crypto: Argentine Opens Investigation Into Worldcoin, Canada is Seeking Solution to Facilitate Seizure and Storage of Crypto and NFTs, Canadians Don't Have a Reason to Adopt a CBDC
11.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Argentine Opens Investigation Into Worldcoin, Canada is Seeking Solution to Facilitate Seizure and Storage...
Latest Bank of Canada Report Highlights Lack of Incentives For Canadians to Adopt CBDC
11.8.2023
Bank of Canada, the country’s de-facto central bank, came up with a recent report that sheds light on the reluctance of the country’s citizens to readily adopt a central bank digital currency (CBDC).
Published Thursday, the report dubbed – ‘Unmet Payment Needs and a CBDC’ – highlights the lack...
PayPal’s Stablecoin Unlikely to See Significant Adoption in the Near Term: Bank of America
11.8.2023
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said
CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns
11.8.2023
The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a threat to democracy in the United States. CBDC Is...
Moscow Metro to Join Russia’s Digital Ruble Trial – CBDC Gathering Pace
11.8.2023
The Russian Central Bank will pilot its digital ruble on Moscow’s metro system as the nation’s CBDC project begins to gather pace.
The Central Bank earlier this week suggested that the pilot – which officially begins on August 15 – would center around smaller retailers located in 11 unnamed...
Canadians have ‘weak incentives’ to use a CBDC: Bank of Canada
11.8.2023
A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC
Circle CEO Urges On-Shore Stablecoin Development for the Future of Finance
10.8.2023
Resharing Circle's video ad tweet, Jeremy Allaire, the CEO of Circle, emphasized the critical need to accelerate the progress of the digital dollar and Stablecoin development. His message highlights that this advancement is essential for maintaining the strength of the US dollar.
Initially posted...
Today in Crypto: India's Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto to Digitally Sign Documents, UK Recruiting For CBDC Academic Advisory Group
10.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: India's Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto...