Retail users may have to wait in much of the world, however.
Central Bank News
A central or reserve bank is a governmental financial institution that controls the state’s currency, interest rates and money supply. A central bank is often the regulator of the commercial banking system of its country and acts as a “lender of last resort” to the banking sector when banks find themselves unable to obtain sufficient liquidity without the help of the regulator. A central bank is supposed to be maximally independent from political interference, but usually is under limited control. The main goals of a central bank are high employment, price stability and economic growth, which are achieved with macroeconomic reforms, fights against inflation, capital investments and consulting activities. The main instruments of a central bank are control over interest rates, open market regulations, capital and reserve requirements and regulating currency exchanges.
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- News
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year.
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Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration.
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The asset recently received the blessing of the Japanese Virtual Currency Exchange Association.
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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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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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In a recent interview, Lagarde said that Bitcoin has been used to conduct "funny business" and "totally reprehensible money laundering activity."
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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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The central bank of The Kyrgyz Republic has drafted regulations that recognize cryptocurrency exchanges in the country for the first time.
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With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble.
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Winners of the city's lottery will have 10 days to spend their gifted digital currency at any of 10,000 supported merchants.
8548 - Opinion
The heirs to the Bank of England may think they’re still leading, but their only options are to follow crypto or get out of the way.
16343 - New Year Special
CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it.
9750 - Expert Take
The digital ruble will, most likely, take the place of other forms of money, but the intrigue is which ones: non-cash or cash?
6654 - News
Sweden is examining the risks and consequences of moving its economy to its e-krona digital currency.
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