Category: Central Bank Digital Currencies (CBDC)
Speaking at the launch of the Bank for International Settlements’ London location, Andrew Bailey expressed his optimism concerning CBDCs.
The post BoE Governor Believes CBDCs Will Usher in ‘New Era’ of Banking appeared first on BeInCrypto.
The People’s Bank of China (PBoC) announced today that the digital yuan wallet will be inclusive for all to use.
The post Digital Yuan to Be Stored in Physical and Digital Wallets, Official Says appeared first on BeInCrypto.
The Bank of France and the Swiss National Bank will trial central bank digital currencies for the wholesale lending market, growing the throng of central banks considering a CBDC.
The post French and Swiss Banks to Trial CBDC for Wholesale Lending Market appeared first on BeInCrypto.
Senator Warren recently tore into cryptocurrencies, saying that they have failed to keep their promise and do more damage than good.
The post US Senator Elizabeth Warren: Crypto Promises Haven’t Come to Pass appeared first on BeInCrypto.
A working paper by the Bank of International Settlements (BIS) has found that an intermediated or hybrid central bank digital currency (CBDC) shows promise
The post Bank for International Settlements Proposes Hybrid and Intermediated CBDC appeared first on BeInCrypto.
El Salvador’s President Nayib Bukele has submitted a draft of the bill that would recognize bitcoin as legal tender in the country.
The post El Salvador President Submits Bitcoin Legal Tender Draft to Congress appeared first on BeInCrypto.
The Hong Kong Monetary Authority (HKMA) announced it is working on developments for a central bank digital currency (CBDC) at both the wholesale and retail levels.
The post Hong Kong Monetary Authority Announces Development Plans for Retail and Wholesale CBDCs appeared first on BeInCrypto.
The Bank of England released a new discussion paper exploring digital currencies and central bank digital currencies (CBDC).
The post Bank of England Explores Digital Money, CBDC in New Discussion Paper appeared first on BeInCrypto.
Norway’s Finance Minister Jan Tore Sanner suggested bitcoin could move past its current period of volatility and still experience “breakthroughs.”
The post Bitcoin Could Still Experience ‘Breakthroughs,’ Says Norway Finance Minister appeared first on BeInCrypto.
Russia’s central bank governor, Elvira Nabiullina, believes that digital currencies will be the future of financial systems as the country’s economy moves more online.
The post Russia’s Central Bank Governor: CBDC Is Future for Country’s Financial System appeared first on BeInCrypto.
Continuing on with its central bank digital currency trials, China is handing out $6.2 million worth of its digital yuan to Beijing residents.
The post China Handing Out $6.2 Million of Digital Yuan in Beijing appeared first on BeInCrypto.
Cryptocurrencies such as bitcoin will ultimately become regulated, according to Sweden’s Riksbank Governor Stefan Ingves.
The post ‘Bitcoin Likely Won’t Go Unregulated,’ Says Riksbank Governor appeared first on BeInCrypto.
The tests will focus on how the country’s proposed digital currency, the e-krona, would handle payments in the real world.
The post Swedish Central Bank Working With Commercial Lender on CBDC appeared first on BeInCrypto.
Bank of Japan Governor Haruhiko Kuroda has joined the ranks of many central bankers denouncing bitcoin but admits there is potential in stablecoins.
The post Bank of Japan Embracing Stablecoins Potential but Still Wary of Crypto appeared first on BeInCrypto.
Timothy Lane has stated that the energy-intensive process is paramount in how much the public trusts cryptocurrencies.
The post Bank of Canada CBDC to Be of Less Harm to Environment Than Bitcoin, Deputy Says appeared first on BeInCrypto.
The SARB notes that the CBDC may serve as electronic digital tender, complementary to cash, for general purpose retail use.
The post South Africa Now Considering Both Retail and Wholesale CBDC appeared first on BeInCrypto.
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