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

India Central Bank Eyes Digital Currency Trial Run in 2022

India Central Bank Eyes Digital Currency Trial Run in 2022
India Central Bank Eyes Digital Currency Trial Run in 2022
November 18, 2021  |  CBDC

The Central Bank of India could pilot a digital currency early in 2022, a change from when the central bank governor thought a soft launch...

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Singapore CBDC Strategy Likely Influence on US, UK Central Banks
Singapore CBDC Strategy Likely Influence on US, UK Central Banks
November 11, 2021  |  CBDC

In examining the emergence of central bank digital currencies (CBDCs) and their use cases — and the infrastructure that underpins it all — a twist...

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Banking Panel: CDBCs Will “Likely” Become Legal Tender 
Banking Panel: CDBCs Will “Likely” Become Legal Tender 
November 09, 2021  |  CBDC

Central bank digital currencies (CBDC) will likely become legal tender in their home countries, officials from two European central banks said Tuesday (Nov. 9).  Get...

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China To Marry Digital Yuan, Mobile Payment Apps
China To Marry Digital Yuan, Mobile Payment Apps
November 09, 2021  |  CBDC

The People’s Bank of China says it will make an effort to further link the digital yuan to the country’s popular mobile payment apps. Get...

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Singapore Monetary Authority Says In No Rush For CBDCs
Singapore Monetary Authority Says In No Rush For CBDCs
November 09, 2021  |  Cryptocurrency

People should approach high-risk cryptocurrency investments with great trepidation, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS) said in a speech at...

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France Wants to Study CBDC for Wholesale Use
France Wants to Study CBDC for Wholesale Use
November 08, 2021  |  CBDC

The Bank of France wants to investigate the specifics of a central bank digital currency (CBDC) for wholesale use, Bloomberg reported. Get the Full Story...

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Big Banks Will Soon Consider Crypto, Ex-Citi CEO Says
Big Banks Will Soon Consider Crypto, Ex-Citi CEO Says
November 08, 2021  |  Cryptocurrency

It won’t be long before the world’s banks begin thinking about trading cryptocurrencies, the former CEO of Citigroup said at a recent FinTech event. The...

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Nigeria’s Digital Currency Rollout Highlights Security, Privacy Concerns
Nigeria’s Digital Currency Rollout Highlights Security, Privacy Concerns
November 07, 2021  |  CBDC

Trust is paramount to any payments mechanism, be it hard currency, stablecoin or a central bank digital currency (CBDC). Get the Full Story Complete the...

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Nigeria’s eNaira Adoption May Be Hindered by Gov’t Mistrust
Nigeria’s eNaira Adoption May Be Hindered by Gov’t Mistrust
November 07, 2021  |  CBDC

Nigeria’s eNaira digital currency is proving popular, although some critics say the population’s mistrust of the government might hinder its progress, the Financial Times (FT)...

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