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CBDCs Are Bad News to European Banks, says Bank of America Analysts
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CBDCs Are Bad News to European Banks, says Bank of America Analysts

Bank of America analysts have made important revelations concerning the launch of CBDCs. They recently disclosed that CBDCs are bad news to European Banks.

Mastercard Launches Virtual Platform to Help Governments Test CBDCs
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Mastercard Launches Virtual Platform to Help Governments Test CBDCs

Payment giant Mastercard has unveiled a virtual platform that will enable central banks to assess and explore Central Bank Digital Currencies (CBDCs).

IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work
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IMF Believes Central Banks Need Strong Legal Frameworks for CBDCs to Work

The issuance of CBDCs by apex global banks has become a hot topic in the crypto space, and the IMF has delved into it with some precautionary measures.

IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution
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IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution

Tao Zhang, deputy managing director of the International Monetary Fund (IMF), acknowledges the tremendous promise that CBDCs hold and challenges lying ahead.

Coinbase Crypto Exchange to Support CBDCs in the Future as Long as They Meet Listing Standards
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Coinbase Crypto Exchange to Support CBDCs in the Future as Long as They Meet Listing Standards

Brian Armstrong, Coinbase's CEO, has stated that the crypto exchange was open to the idea of supporting central bank digital currencies (CBDCs) on its network in the future.

CBDCs Gain Traction Amid Fears of Coronavirus-Contaminated Banknotes, The Economist Survey Uncovers
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CBDCs Gain Traction Amid Fears of Coronavirus-Contaminated Banknotes, The Economist Survey Uncovers

In a survey conducted by The Economist and Crypto.com, it found that consumers generally had more trust in central bank digital currencies (CBDCs), rather than decentralized cryptocurrencies.

Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?
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Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?

During a panel discussion at the World Economic Forum which included the topic of Central Bank Digital Currencies (CBDCs), David Marcus, Head of Calibra, highlighted that digital currencies are the key to innovate cross-border payments and solve the issues of the unbanked—regardless of if that digital currency is Libra or not.

Ripple says XRP Can Be Used as a Bridge Currency for CBDCs, Will This Push XRP Higher?
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Ripple says XRP Can Be Used as a Bridge Currency for CBDCs, Will This Push XRP Higher?

Ripple released a new whitepaper that depicted XRP's utility as a bridge currency for CBDCs. XRP has broken through the key level of $0.50. What should be expected of the cryptocurrency in the short term?

BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?
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BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?

The Bank for International Settlements (BIS) has released its newest quarterly report on the changes in the payment industry, including the market impact of the recent coronavirus outbreak. Some of the trends mentioned in the report include stablecoins, tokenized securities, central bank digital currencies (CBDCs), cross-border payments, and peer-to-peer payments.

Bitcoin Transaction Fees as a Percentage of Total Miner Revenues Hit Lowest Point Since June 2020
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Bitcoin Transaction Fees as a Percentage of Total Miner Revenues Hit Lowest Point Since June 2020

BTC transaction fees have plunged based on the ongoing Chinese crackdown on Bitcoin mining facilities.

BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)
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BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)

Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.

Regulating the Metaverse: BIS's Call for Unity
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Regulating the Metaverse: BIS's Call for Unity

BIS emphasizes the need for interoperable payment technologies and robust regulatory framework to prevent metaverse fragmentation and private interests dominance, emphasizing Central Bank Digital Currencies' importance.

South Dakota Governor Vetoes Bill Excluding Cryptocurrencies from State's Definition of Money
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South Dakota Governor Vetoes Bill Excluding Cryptocurrencies from State's Definition of Money

Governor Kristi Noem of South Dakota has vetoed House Bill 1193, which sought to exclude cryptocurrencies from the state's definition of money. The governor believes that the bill would put South Dakota at a disadvantage and potentially lead to future overreach from the federal government in issuing a digital dollar.

HKMA Forms "Project Ensemble Architecture Community" to Shape Tokenization Standards
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HKMA Forms "Project Ensemble Architecture Community" to Shape Tokenization Standards

The Hong Kong Monetary Authority has established the "Project Ensemble Architecture Community" to promote interoperability among WCCBDCs and tokenized assets, aiming for seamless interbank settlement.

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its  Digital Currency
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BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency

Haruhiko Kuroda, the Bank of Japan (BOJ) governor, has highlighted the need for the nation’s central bank to prepare thoroughly for the rollout of its digital currency with initial experiments expected for this spring.

IMF to Play a Crucial Role in Monitoring Digital Money Evolution
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IMF to Play a Crucial Role in Monitoring Digital Money Evolution

The IMF is set to play a crucial role in monitoring the advancement of digital currencies.

Six Leading Central Banks to Brainstorm the Issuance of Digital Currencies in Mid-April
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Six Leading Central Banks to Brainstorm the Issuance of Digital Currencies in Mid-April

The leaders of six major central banks are scheduled to meet in mid-April to conceptualize on creating their own digital currencies as they can be instrumental in substituting the digital yuan or Facebook’s Libra.

CBDCs Require Balance between Data Access & User Privacy Protection, HashCash CEO Says
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CBDCs Require Balance between Data Access & User Privacy Protection, HashCash CEO Says

CBDC would need a delicate balancing act between data access and user privacy protection in terms of taming illegal activities, according to HashCash Consultants CEO Raj Chowdhury.

Four Countries to Conduct Cross Border CBDC Payment Trials
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Four Countries to Conduct Cross Border CBDC Payment Trials

The Bank for International Settlements (BIS) has joined forces with the central banks of South Africa, Malaysia, Singapore, and Australia to kick start a project dubbed Dunbar aimed at testing the use CBDCs in cross border payments.

South Korea's Stance on Virtual Currency Investment and ETFs in 2024
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South Korea's Stance on Virtual Currency Investment and ETFs in 2024

South Korea reaffirms its prohibition of local financial institutions from owning, buying, or investing in cryptocurrencies and businesses offering crypto, including a strict ban on cryptocurrency exchange-traded funds (ETFs).

At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study
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At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study

Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions.

9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows
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9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows

90% of apex banks have shown intentions of rolling out central bank digital currencies (CBDCs), according to a study by the Bank for International Settlements (BIS).

PayPal CEO Announces Plans for Cryptocurrency Business Expansion to Reach More Users
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PayPal CEO Announces Plans for Cryptocurrency Business Expansion to Reach More Users

PayPal CEO discussed the integration of cryptocurrency into its business and potential business partnerships with central banks.

Singapore and Cambodia to Explore CBDC to Boost Payments Ecosystem
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Singapore and Cambodia to Explore CBDC to Boost Payments Ecosystem

Singapore and Cambodia are notably exploring the use of CBDCs and digital currencies to improve their payment ecosystem efficiency and bolster the growth of startups aboard.

The Bank for International Settlements Gives CBDCs Full Backing
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The Bank for International Settlements Gives CBDCs Full Backing

The Bank for International Settlements (BIS) announced its full support for developing central bank digital currencies (CBDCs) in pursuing financial and monetary stability through international cooperation with the mandate and support by central banks.

Stablecoins Will See Bigger Adoption than CBDCs, says Circle Founder
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Stablecoins Will See Bigger Adoption than CBDCs, says Circle Founder

Central bank digital currency (CBDC) across global economies appear to be inevitable, as central banks have been issuing their own pilot tests of CBDC.

Ripple Continues Working with Central Banks Looking to Deploy CBDCs using XRP Ledger
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Ripple Continues Working with Central Banks Looking to Deploy CBDCs using XRP Ledger

Ripple seems to be moving in silence but it has been working on bigger projects, namely on furthering central bank digital currency (CBDC) development.

Bank of Canada Says CBDCs Have Inherent Risks in New Study
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Bank of Canada Says CBDCs Have Inherent Risks in New Study

A new report released by the Bank of Canada has revealed that the bank believes Central Bank Digital Currencies can pose security risks to users

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