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

Meta Closes Novi Wallet, Which Launched Stablecoins, CBDCs

Meta Closes Novi Wallet, Which Launched Stablecoins, CBDCs
Meta Closes Novi Wallet, Which Launched Stablecoins, CBDCs
July 05, 2022  |  Meta

In a coda to its stablecoin payments ambitions, Meta announced on July 1 that the Novi digital wallet project is at an end. Get the...

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Why EU Regulators, Policymakers Are Betting on a Retail CBDC
Why EU Regulators, Policymakers Are Betting on a Retail CBDC
July 04, 2022  |  CBDC

Most of the central banks in western countries have formally adopted a neutral position when it comes to the decision of whether to issue a...

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Singapore’s Chief FinTech Officer Questions Value of Private Crypto
Singapore’s Chief FinTech Officer Questions Value of Private Crypto
June 23, 2022  |  Cryptocurrency

The chief FinTech officer at the Monetary Authority of Singapore (MAS) is questioning the value of private cryptocurrencies as regulators step up the development of...

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Israel Central Bank Says DeFi Smart Contracts May Need Oversight
Israel Central Bank Says DeFi Smart Contracts May Need Oversight
June 20, 2022  |  Blockchain

A report Monday (June 20) from Israel’s central bank suggested that decentralized finance (DeFi) smart contracts may require oversight to prevent “malicious” acts, Bloomberg wrote....

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Fed Chair: CBDC Could Preserve Dollar’s Standing
Fed Chair: CBDC Could Preserve Dollar’s Standing
June 17, 2022  |  CBDC

A central bank digital currency (CBDC) would help boost the long-term strength of the U.S. dollar, the chair of the Federal Reserve said Friday (June...

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TechReg Weekly EMEA: Apple, Google, Meta Offer Commitments to End EU Probes
TechReg Weekly EMEA: Apple, Google, Meta Offer Commitments to End EU Probes
June 17, 2022  |  Technology

This week, Big Tech firms seem to have coordinated to offer remedies to EU regulators to end different antitrust probes as Amazon, Meta and Google...

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Today in Crypto: LatAm Exchange Bitso Processed $1B in US-Mexican Remittances YTD; Crypto Hedge Fund Three Arrows Capital Misses Lender Margin Calls
Today in Crypto: LatAm Exchange Bitso Processed $1B in US-Mexican Remittances YTD; Crypto Hedge Fund...
June 16, 2022  |  Cryptocurrency

Inverse Finance, the ethereum-based DeFi tool, has seen an exploitation for over $1.2 million in cryptocurrency as of Thursday (June 16), CoinDesk writes, citing on-chain...

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UBS CEO: Digital Euro Could Be ‘Fast and Cheaper’
UBS CEO: Digital Euro Could Be ‘Fast and Cheaper’
June 14, 2022  |  CBDC

UBS Chief Executive Ralph Hamers told an audience at a student educational forum in Milan Tuesday (June 14) that transaction in digital euro could be...

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CBDC Weekly: Government-Issued Digital Currencies Have a Big PR Problem
CBDC Weekly: Government-Issued Digital Currencies Have a Big PR Problem
June 13, 2022  |  CBDC

The European Union is closing its public consultation period Tuesday (June 14) regarding its intention to launch a digital euro, with the central bank digital...

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