CBDC

NatWest Bank Chairman has this timeline in mind for UK CBDC Pilot

NatWest Bank Chairman has this timeline in mind for UK CBDC Pilot

Many countries have been more than comfortable with the development of a central bank digital currency [CBDC], rather than with adopting cryptocurrency. The United Kingdom [UK] has been one such country working towards regulating the use of cryptocurrencies within the country. The development of its digital pound could pilot within a few years, according to …

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China: CBDC race gathers steam as more companies develop e-CNY products

China: CBDC race gathers steam as more companies develop e-CNY products

Countries around the world have stepped up their efforts to launch and promote their Central Bank Digital Currencies (CBDC). And, China seems to be winning that race by a fair margin. In fact, according to a recent report, over 20 publicly listed companies have disclosed in recent filings their work towards the research and development …

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Rep. Waters calls on Biden to reverse policies that let banks custody cryptocurrencies and stablecoin reserves

Bank of Japan forms committee to share details on CBDC proof-of-concept

The Bank of Japan said Friday that it has created a “liaison and coordination committee” intended to support its planned efforts to test a central bank digital currency (CBDC) in the coming weeks. As previously reported, Japanese central bank officials said this month that its experiments would begin in the spring. The purpose of the …

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Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

Bank of France Deputy Governor Denis Beau, speaking Thursday at the Paris Blockchain Summit, discussed the progress being made with the central bank digital currency (CBDC) and touched upon possible regulatory changes and the legal framework. Beau said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the …

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Brazil will likely have a CBDC ready in 2022, says central bank president

Brazil will likely have a CBDC ready in 2022, says central bank president

The president of Brazil’s central bank said a digital real is likely coming in 2022. In an interview with Bloomberg TV, Roberto Campos Neto told editor Erik Schatzker that a central bank digital currency (CBDC) will be the culmination of other efforts to modernize Brazil’s banking system. Brazil is one of a number of central …

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Libra 2.0 may end up being a massive threat to central banks' CBDC hopes

Libra 2.0 may end up being a massive threat to central banks’ CBDC hopes

There has been rapid progress on the CBDC end lately. China has reached the final phase and many other countries are walking the same path. The latest news is the central bank think tank OMFIF launching the Digital Monetary Institute, a forum to further the explorations around central bank digital currencies (CBDC). Philip Middleton, Chairman …

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