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” Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp “ The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on…
” White House OSTP department analyzes 18 CBDC design choices for the US “ As directed by the President of the United States, Joe Biden, the Office of Science and Technology Policy (OSTP) submitted a report analyzing the design choices for 18 central bank digital currency (CBDC) systems for possible implementation in the US. The…
” Crypto’s adaptability, openness key to ideal monetary system, say BIS execs “ Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund…
” Think tank launches ‘technical sandbox’ exploring United States CBDCs “ A United States think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC). In a Wednesday Tweet from Digital Dollar Project (DDP), the organization said the new program would explore “technical and…
” ‘Programmable money should terrify you’ — Layah Heilpern “ Government controlled “programmable money should terrify you”, says social media influencer and TV Host Layah Heilpern, who sees central bank digital currencies (CBDCs) as a way for banks and governments to reign control over their people. In an interview on Aug. 19 with British news…
” Nigeria aims for millions of new eNaira users as it increases features, targets unbanked “ The eNaira, Nigeria’s central bank digital currency (CBDC), will enter the second phase of its expansion with new technology to beef up its user base, Nigerian Central Bank governor Godwin Emefiele said Thursday, speaking at the 2022 eNaira Hackathon…
” CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB “ The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the “only solution” that will guarantee a “smooth continuation” of the current monetary system. The comments were made as part…
” Colombia to prevent tax evasion with national digital currency: Report “ Amid Colombia’s economic growth beat expectations in the second quarter, an official at the country’s tax and customs agency has hinted at some national digital currency plans. Luis Carlos Reyes, the head of the Colombian Tax and Customs National Authority, claimed that the…
” Russia plans to roll out digital ruble across all banks in 2024 “ The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years. According to the Bank of Russia’s latest monetary policy update, the authority will begin…
” Built to fall? As the CBDC sun rises, stablecoins may catch a shadow “ There’s a ferment brewing with regard to central bank digital currencies (CBDCs), and most people really don’t know what to expect. Varied effects seem to be bubbling up in different parts of the world. Consider: China’s e-CNY has already been…