BIS Survey: 94% of Central Banks Exploring Digital Currency

June 15, 2024 Bitcoin.com

BIS

The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks […]

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade

June 14, 2024 Bitcoin.com

Africa

The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore in April 2024. Ghana’s CBDC to Streamline Cross-Border Trade The Bank of […]

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

Ripple Meets With National Bank of Georgia To Discuss Digitization of Country’s Economy

June 10, 2024 The Daily Hodl

CBDC

San Franscisco-payments firm Ripple is working with the National Bank of Georgia (NBG) to digitize the local economy. Acting governor Natia Turnava and Varlam Ebanoidze, head of the NBG’s tech development department, recently met with Ripple executive James Wallis to enhance financial technology cooperation, according to a LinkedIn post from June 8. “Acting Governor of […]

The post Ripple Meets With National Bank of Georgia To Discuss Digitization of Country’s Economy appeared first on The Daily Hodl.

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

Russian State Duma Official: International CBDC Settlements to Become ‘Common Practice’ in 5 Years

June 7, 2024 Bitcoin.com

Anatoly Aksakov

Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this will be addressed soon. Russian State Duma Official Bets on National […]

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

Cross Border CBDC Project Mbridge Enters MVP Stage

June 7, 2024 Bitcoin.com

BIS

Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network, that is ready to perform real-value transactions CBDC Project Mbridge […]

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

Germans split on digital euro, most don’t know what it is: Survey

June 5, 2024 Coin Telegraph

CBDC

Most Germans have never heard of the digital euro and some who knew of it thought it was a cryptocurrency, a central bank survey found.

Half of Germans in a recent survey said they could see themselves using the digital euro despite many not having heard of it or knowing exactly what it is.

Deutsche Bundesbank’s survey of 2,012 people published on June 4 saw 50% say they could either “definitely” or “probably” imagine using the digital euro — the European Central Bank’s pilot central bank digital currency (CBDC) — if it was an additional payment option.

A quarter said they would “definitely not” use it, about the same said they would “probably not” — 1% said they didn’t know.

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

Rwanda Develops CBDC to Avoid Falling Behind, Central Bank Deputy Governor Says

June 4, 2024 Bitcoin.com

Africa

Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor with the National Bank of Rwanda, the country should be prepared for digital currencies being […]

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

BIS Plans Instant Cross-Border Payments Using Wholesale CBDC Settlement

June 4, 2024 Bitcoin.com

Bank for International Settlements (BIS)

In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub […]

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

China and UAE Praise Potential Role of CBDCs in Cross-Border Trade

June 3, 2024 Bitcoin.com

bitcoin.com

China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening bilateral and multilateral cooperation with respect to their CBDCs. China also expressed appreciation for the UAE’s recent direct cross-border […]

Canada’s new prime minister once said Bitcoin had ‘serious deficiencies’

South African Central Bank Opts Against Publishing CBDC Study Findings

May 29, 2024 Bitcoin.com

Africa

The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with the progress made in […]

CBDC

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