An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money.
CBDC News
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Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements.
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Sessions devoted to “resetting digital currencies” are scheduled at this week’s Davos Agenda.
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Retail users may have to wait in much of the world, however.
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The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year.
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The past two years were much harder on the dollar, however.
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The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities.
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Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration.
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Central Bank Digital Currencies, or CBDCs, will likely affect Bitcoin in some fashion.
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The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology.
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How would mass-scale CBDC issuance impact the crypto space?
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The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond.
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China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.
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The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.
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The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.
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