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” Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO “ The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments. Speaking on a call at Visa’s annual stockholder meeting on Jan. 24, outgoing…
” Amid crypto winter, central banks rethink in-house digital currencies “ Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed…
” Chinese blockchain firm launches the ‘SWIFT’ of stablecoins and CBDCs at Davos “ A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs). Red Date Technology, the blockchain infrastructure firm which is also leading one of China’s blockchain efforts, launched the…
” Going cashless: Norway’s digital currency project raises privacy questions “ At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu. <p>The small Nordic country of Norway may not be particularly notable on the global crypto map. With its…
” Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report “ The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro. According to a Jan. 18 report from Spain-based news outlet Cinco…
” Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report “ Russia’s central bank is reportedly set to begin developing a cross-border settlement system using its Central Bank Digital Currency (CBDC) amid ongoing sanctions in response to its invasion of Ukraine. The plans to move forward with Russia’s digital ruble…
” Mexico’s digital peso delayed, unclear launch date “ Mexico’s central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by 2024. According to local media reports, Mexico’s central bank, known as Banxico, is currently working on legal, administrative, and technological requirements for the…
” Macroeconomic data points toward intensifying pain for crypto investors in 2023 “ Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November,…
” French central bank governor pushes for crypto licensing ahead of EU laws “ Francois Villeroy de Galhau, the Bank of France’s governor, has urged for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets. During a speech in Paris on Jan. 5, the central bank governor…
” US federal agencies release joint statement on crypto asset risks and safe practices “ United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the troubles of the crypto sector in 2022. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of…