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

Bank of Korea Concludes First Phase of CBDC Test

Bank of Korea Concludes First Phase of CBDC Test
Bank of Korea Concludes First Phase of CBDC Test
January 24, 2022  |  CBDC

South Korea’s central bank has concluded the first phase of its test of a central bank digital currency (CBDC), CoinDesk reported Monday (Jan. 24). Get...

READ MORE >
The Three Most Important Questions for the Fed on Its CBDC Plans
The Three Most Important Questions for the Fed on Its CBDC Plans
January 24, 2022  |  CBDC

The Fed released its long-awaited paper on Central Bank Digital Currencies last week. After reading it, I don’t get the feeling that even the authors...

READ MORE >
Fed White Paper Examines Creating Digital Dollar
Fed White Paper Examines Creating Digital Dollar
January 20, 2022  |  CBDC

The U.S. Federal Reserve has said making an official digital dollar might give Americans greater and faster payment options at the cost of some potential...

READ MORE >
China’s Digital Yuan Captures $8.3B in Payments Over 6 Months
China’s Digital Yuan Captures $8.3B in Payments Over 6 Months
January 18, 2022  |  CBDC

China’s digital yuan trials captured $8.3 billion of the country’s payments market in the past six months and $13.68 billion in the past two years,...

READ MORE >
The Swiss National Bank Completes Wholesale CBDC Transactions With Five Commercial Banks 
The Swiss National Bank Completes Wholesale CBDC Transactions With Five Commercial Banks 
January 17, 2022  |  CBDC

 Switzerland’s National Bank (SNB) has approved a wide swath of transactions involving central bank digital currency (CBDC), the country’s monetary authority announced.  Get the Full Story...

READ MORE >
Congressman’s Bill To Ban Fed’s CBDC Will Heat Up Debate
Congressman’s Bill To Ban Fed’s CBDC Will Heat Up Debate
January 17, 2022  |  CBDC

Last week, Republican Congressman Tom Emmer introduced a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. Get...

READ MORE >
China Is Building Its Own NFT Behind the Great Firewall
China Is Building Its Own NFT Behind the Great Firewall
January 14, 2022  |  Blockchain

Nonfungible tokens (NFTs) are so hot, China can’t ignore them anymore. So, it’s building a more controllable platform for digital collectables. And only the digital...

READ MORE >
Bank of Israel Studies Potential of Digital Shekel
Bank of Israel Studies Potential of Digital Shekel
January 13, 2022  |  CBDC

Israeli policymakers have broadened the scope of their research into launching a central bank digital currency (CBDC) as the Bank of Israel scrambles to avoid...

READ MORE >