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

Treasury Official: No Hurry for US to Adopt Digital Dollar

Treasury Official: No Hurry for US to Adopt Digital Dollar
Treasury Official: No Hurry for US to Adopt Digital Dollar
December 21, 2022  |  CBDC

A leading U.S. Treasury official says the digital dollar could still be years away. U.S. regulators must first determine whether a central bank digital currency...

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Bank-to-Bank Digital Currency Poses Threat to Stablecoin Appeal 
Bank-to-Bank Digital Currency Poses Threat to Stablecoin Appeal 
December 19, 2022  |  Cryptocurrency

A bank-to-bank digital currency may threaten the appeal of traditional, privately-issued stablecoins. News came last month that the New York Fed has seen the benefits of such...

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Crypto Currency Gets Central Bank Makeover as Nations Pilot CBDCs
Crypto Currency Gets Central Bank Makeover as Nations Pilot CBDCs
December 19, 2022  |  CBDC

The crypto currency market is increasingly inspiring sovereign central banks to mint national digital fiat. “Digital assets are not on trial. Fraud and organizations are...

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Brazil Targets 2024 for CBDC
Brazil Targets 2024 for CBDC
December 13, 2022  |  CBDC

Brazil’s central bank hopes to launch a digital currency in 2024. That’s according to Central Bank of Brazil President Roberto Campos Neto, who said Tuesday...

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UK Government Accelerates CBDC Exploration
UK Government Accelerates CBDC Exploration
December 09, 2022  |  News

The U.K. government will bring forward a CBDC consultation “in the coming weeks.” The revelation was made by the Chancellor of the Exchequer Jeremy Hunt...

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Today in Crypto: Gensler Steps Up; Coinbase Beat Down
Today in Crypto: Gensler Steps Up; Coinbase Beat Down
December 07, 2022  |  Cryptocurrency

Here’s a look a some of the events shaping the cryptocurrency landscape Wednesday (Dec. 7). Governments step up to the plate, while market makers slim...

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NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
December 07, 2022  |  CBDC

A group of large banks is preparing to test a shared digital asset settlement platform. According to the announcement, the study is set to take...

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Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
Nigeria Cuts ATM Cash Withdrawals and Urges eNaira Use
December 06, 2022  |  CBDC

The Central Bank of Nigeria has redefined ATM withdrawal limits to encourage digital currency usage. In a Tuesday (Dec. 6) press release, the CBN said...

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