China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

September 11, 2024 Bitcoin.com

China’s Digital Yuan Nears Trillion in Transactions, PBOC Official Reveals

China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto

September 11, 2024 Bitcoin.com

bitcoin.com

The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing the required supermajority. The bill bars payments using CBDC and state participation in Federal Reserve testing. This bill reflects strong opposition to CBDCs and emphasizes […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

Accenture invests in Emtech to strengthen CBDC, fintech solutions

September 10, 2024 Coin Telegraph

Accenture

The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.

Information and financial technology services company Accenture has invested in fintech startup Emtech, which provides software-as-a-service to central banks and fintech companies. Accenture plans to integrate Emtech products into its core banking services.

Emtech was founded in 2019 by former IBM Blockchain executive Carmelle Cadet. It counts seven central banks — those of Ghana, Nigeria, the Republic of Guinea, Liberia, Sierra Leone, The Gambia and the Bahamas — among its clients. It also created a central bank digital currency (CBDC) proof-of-concept for the Bank of the Republic of Haiti.

In addition to the infrastructure for CBDC, Emtech offers a regulatory sandbox feature and is developing a compliance feature for financial service providers. Emtech states that it has over 200 fintech clients. Cadet said in a statement:

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025

September 9, 2024 Bitcoin.com

Bank of Russia

Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

Central Bank of Brazil Reveals New Use Cases to Be Tested in Its Drex CBDC Second Pilot Phase

September 9, 2024 Bitcoin.com

bitcoin.com

The Central Bank of Brazil disclosed a new set of use cases that will be part of the second phase of the ongoing pilot of its drex CBDC. Among the 13 instances selected from the 46 presented are platforms for tokenizing real estate, liquidity pools for trading public securities, and even automating automobile transactions. Central […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

Central Bank of Brazil Hints at a Future Integration of AI Into Its CBDC

September 5, 2024 Bitcoin.com

The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s innovation agenda had four blocks: Pix, Drex, Currency Internationalization, and Open Finance. However, he […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach

August 27, 2024 Bitcoin.com

The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025

August 26, 2024 Bitcoin.com

bitcoin.com

Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. A Faster and Cheaper Way […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

RBI Report Highlights India’s Central Bank Digital Currency Development

August 21, 2024 Bitcoin.com

bitcoin.com

India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […]

Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

Polymarket Odds Suggest 81% Chance of RFK Jr. Exiting 2024 Race as Shanahan Hints at Trump Alliance

August 20, 2024 Bitcoin.com

Bitcoin

Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces […]

CBDC

Share this video