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

Coinbase Loses Half Billion Dollars and Half Million Customers in Q3

Coinbase Loses Half Billion Dollars and Half Million Customers in Q3
Coinbase Loses Half Billion Dollars and Half Million Customers in Q3
November 03, 2022  |  Cryptocurrency

Coinbase reported another brutal earnings miss in the third quarter of 2022, losing $545 million and missing earnings targets by a little and revenue by...

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Singapore’s MAS Launches CBDC Test Ubin+
Singapore’s MAS Launches CBDC Test Ubin+
November 03, 2022  |  CBDC

The Monetary Authority of Singapore (MAS) has debuted Ubin+, a program to test the use of a wholesale central bank digital currency (CBDC) for cross-border...

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France, Singapore and Switzerland Test Cross-Border CBDC Payments
France, Singapore and Switzerland Test Cross-Border CBDC Payments
November 02, 2022  |  CBDC

In a pilot project that is said to be the first of its kind, the central banks of France, Singapore and Switzerland are collaborating in...

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Binance CEO: Crypto and CBDCs Can Coexist
Binance CEO: Crypto and CBDCs Can Coexist
November 02, 2022  |  Cryptocurrency

Central bank digital currencies (CBDCs) pose no threat to cryptocurrencies, the head of the planet’s largest crypto exchange said Wednesday (Nov. 2). Get the Full...

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Crypto and the Circle of Disintermediation
Crypto and the Circle of Disintermediation
November 01, 2022  |  Cryptocurrency

Banks have been getting louder and louder about their opposition to central bank digital currencies (CBDCs) like the digital dollar over the course of 2022,...

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China Central Bank Governor Says Digital Yuan Has ‘Managed Anonymity’
China Central Bank Governor Says Digital Yuan Has ‘Managed Anonymity’
October 31, 2022  |  Cryptocurrency

People’s Bank of China Governor Yi Gang has reportedly said that the country’s centralized digital yuan (e-CNY) should protect privacy but should not be as...

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BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
BIS Sees Cross-Border CBDC Payments as Realistic and Achievable Goal 
October 31, 2022  |  CBDC

A four-country test of a cross-border payments system using central bank digital currencies was a success, the Bank for International Settlements (BIS) declared last week,...

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Singapore Tests Programmable Money as CBDC Alternative
Singapore Tests Programmable Money as CBDC Alternative
October 31, 2022  |  CBDC

The Monetary Authority of Singapore and DBS Bank are running a trial of tokenized Singapore dollars that can be programmed for specific uses and allow merchants...

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Reserve Bank of India Launches First Pilot of Digital Rupee
Reserve Bank of India Launches First Pilot of Digital Rupee
October 31, 2022  |  CBDC

The Reserve Bank of India (RBI) has announced that the first of its pilot launches of a digital rupee will begin Tuesday (Nov. 1) with...

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