Five United States senators have joined hands to fight President Joe Biden’s plans to issue a “digital dollar.”
The digital Turkish lira is set to be an intermediated CBDC with self-sovereign identity and offline transfers.
Banks continue to raise objections that have already been accounted for in digital euro design, the authors say.
An ECB board member told the European Parliament the digital euro will free users of threats to private payment technology.
The U.K. government received over 50,000 responses to its consultation paper on the formation of a digital pound.
The country's central bank does not plan on issuing a retail version of the digital currency.
Uptake in hilly, rural and urban areas with little or no internet connectivity could be boosted with the introduction of offline solutions.
Every EURM is backed on 1:1 par by euro and stored at Spanish banks, such as BBVA and Caixabank.
While Japan is preparing to solve the legal issues around issuing a CBDC, it has not revealed plans for an official launch.
China’s Belt & Road Initiative partners will get a cushy trade hub with lots of chances to use its CBDC under a Party development plan.
The presidential candidates acknowledges the importance of the issue and credits Vivek Ramaswamy for bringing it to his attention.
The Bank for International Settlements 2024 program features six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.
Vivek Ramaswamy and Ron DeSantis quit the U.S. presidential race, while Donald Trump promised to “never allow” a CBDC in the country.
Representative Tom Emmer expressed his dedication to working with Donald Trump to oppose what they perceive as an expansion of government surveillance.
U.S. presidential candidate Donald Trump made the promise during a campaign speech in Portsmouth to a round of cheers and applause.
The bills could create significant roadblocks to a CBDC in the United States.
The crypto, intended as a blow against U.S. sanctions, was never accepted at home or abroad and was crippled by scandal.
Accounts differ about an unpublished government report on a plan to use digital baht to stimulate the economy.
African nations were busy introducing various initiatives for cryptocurrencies in 2023. Read about the most significant innovations and crypto-related progress made during the year.
Phase 2 of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance.
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
The central banks of Italy and South Korea announced a memorandum of understanding in the development and deployment of CBDCs.
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound.
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.
A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing on a digital euro.