The ECB has finalized its digital euro prototype scheme as it mulls whether to roll out the government-backed token. The European Central Bank (ECB) has finalized a digital euro prototype ahead of…
Tag: CBDC
Bank of Brazil Includes 14 Participants in Its CBDC Pilot
The Brazil Central Bank Digital Currency will initially focus on wholesale interbank transaction payment solutions. Banco Central do Brasil (the Central Bank of Brazil) plans to include more participants in its digital…
Ron Desantis promises to protect Bitcoin and oppose a CBDC as president
Florida governor Ron Desantis came out in support of Bitcoin and in opposition to central bank digital currencies in his official announcement of his presidential candidacy. Desantis formally announced his presidential run…
Nigeria CBDC experiment stumbles amid public resistance: Report
According to a report on ZeroHedge, the Central Bank of Nigeria’s (CBN), efforts to move the country towards replacing physical currency with eNaira faced significant resistance, leading to protests nationwide. With a…
Ripple Labs Debuts CBDC Platform for Central Banks
The CBDC Private Ledger, according to Ripple, will handle tens of thousands of transactions per second. Popular blockchain payments firm Ripple Labs Inc is set to launch its own Central Bank Digital…
Samsung to Work with Bank of Korea for Offline CBDC Payment Using NFC
Samsung and BOK will continue to explore new ways of developing a CBDC ecosystem and leverage the NFC technology to power offline CBDC payments. The latest development in the crypto space is…
NFTS IMF Chief Admits "We Don't Quite Know" About The Consequences Of A Retail CBDC – Benzinga
NFTS IMF Chief Admits “We Don’t Quite Know” About The Consequences Of A Retail CBDC Benzinga Source link
Fed board member says CBDC risks outweigh benefits
Ad Governor Michelle Bowman said it is “difficult to imagine a world” where the benefits of a central bank digital currency (CBDC) can justify the “unintended consequences.” However, she added that the…
Hong Kong Banks to Decide on CBDC Outlook
The central bank of Hong Kong has charged other banks to come up with what they think the CBDC should look like. Hong Kong has been frantically working toward launching its own…
Ripple to Work with Central Bank of Montenegro to Launch Its CBDC Project
Ripple said that the CBDC project will involve several stages such as identifying the practical application of the CBDC, simulating its circulation, as well as its use under controlled conditions. In an…
