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CBDC Collaboration Between Hong Kong and Israel Prioritizes Data Privacy and Security
13.9.2023
A collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong and Israel has demonstrated that central bank digital currencies (CBDCs) can settle on centralized ledgers without compromising privacy.
Dubbed Project Sela, the joint experiment has proven that...
Republican Lawmakers Reintroduce CBDC Anti-Surveillance State Act to Block Digital Dollar
13.9.2023
U.S. Congressman Tom Emmer, with the support of 49 Republican lawmakers, reintroduced the CBDC Anti-Surveillance State Act.
This legislation seeks to block the issuance of a retail central bank digital currency (CBDC) that could undermine Americans' right to financial privacy, as per the...
Rep. Tom Emmer reintroduces anti-CBDC bill to Congress
13.9.2023
The bill would limit the Fed from issuing a CBDC which Tom Emmer called a surveillance tool that would "undermine the American way of life."
50 US Lawmakers Reintroduce ‘CBDC Anti-Surveillance State Act’ to Protect ‘the American Way of Life’
13.9.2023
Fifty U.S. lawmakers have reintroduced the CBDC Anti-Surveillance State Act to prohibit the Federal Reserve from issuing a retail central bank digital currency “while protecting innovation and any future development of true digital cash.” Congressman Tom Emmer stressed: “President Biden is willing...
Digital Ruble ‘Could Help De-Dollarize’ Russia, Ex-Gov’t Minister Claims
13.9.2023
The launch of Russia’s CBDC, the digital ruble, will help spur de-dollarization, a former government minister has claimed.
Per the media outlet KV News, the comments were made by the MP Sergei Kalashnikov, formerly the Minister of Labor and Social Development and the first deputy chairman of...
Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity
12.9.2023
The Hong Kong Monetary Authority, Bank of Israel and Bank for International Settlements teamed up to address the complex issues of rCBDCs
Hong Kong-Israel CBDC Project Examines Security, Privacy, Accessibility
12.9.2023
Central banks say their new technology can be secure and accessible while promoting privacy
Russian Central Bank May ‘Mark’ CBDC Tokens to Track Digital Ruble Transactions
12.9.2023
The Russian Central Bank says it may look to “mark” or “color-code” digital ruble tokens to help it track CBDC transactions.
Per Tass, the bank said it would “consider the possibility” of issuing super-traceable tokens.
But, speaking at a financial forum, the bank’s Deputy Governor Alexei...
Digital Euro Conspiracy Theories and Privacy Concerns Put EU Central Bankers in the Hot Seat
11.9.2023
Officials promise privacy controls for the possible new CBDC, but are less clear how to respond to wilder reactions
India's Central Bank Explores New Features to Boost Digital Rupee Adoption
11.9.2023
The Reserve Bank of India (RBI) is actively collaborating with financial institutions to introduce innovative features aimed at popularizing the Central Bank Digital Currency (CBDC), Reuters reported.
Currently, retail CBDC transactions in India are averaging around 18,000 daily, significantly...
Bitcoin Price Prediction: India Contemplates Crypto Regulation Amidst IMF-FSB Guidelines and CBDC Concerns
11.9.2023
On Monday, Bitcoin price experienced a minor decline of 0.50%, trading at $25,742. This shift in value comes amidst India's contemplation of regulating the cryptocurrency sector in alignment with the IMF-FSB guidelines.
While the move towards introducing Central Bank Digital Currencies (CBDCs)...
Russia ‘Should Scrap Digital Rubles Buying Limit for Foreigners,’ Says Top MP
11.9.2023
A Russian political chief thinks the Central Bank could scrap caps on the amount of digital ruble tokens foreigners are allowed to buy – a move that could allow non-Russians to buy “millions” of CBDC coins.
Per Interfax, the comments were made by the long-serving head of the State Duma’s Committee...
India’s Central Bank Digital Currency Has 1.5M Users, 300K Merchants, Says RBI Chief
11.9.2023
Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In addition, over 300,000 merchants are currently accepting payments in digital rupees, and the pilot is being operated through 13 banks in...
Fed Official: Digital Dollar Decision Still a Long Way Off
10.9.2023
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...
Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey
9.9.2023
Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained that the pilot was a “temporary, research...
Fed vice chair Barr gives update on CBDC research, plugs stablecoin legislation
8.9.2023
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
8.9.2023
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase
Blockchain could have prevented Nigeria's naira scarcity effects - Local experts
8.9.2023
According to local stakeholders, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change
China Looks to Make ASEAN Digital Yuan Move – CBDC ‘Breakthrough’ Imminent?
8.9.2023
China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its CBDC in the bloc.
Some of the ASEAN (the Association of Southeast Asian Nations) members are politically aligned with China.
But others are have closer ties...
House committee will reopen discussions on digital dollar in Sept. 14 hearing
7.9.2023
Following an August recess, members of the House Financial Services Committee will gather for a “Digital Dollar Dilemma” hearing on Sept. 14