April 29th, 2025
CBDC News - Page 4
Donald Trump’s Love for Crypto Is Real or Election Gimmick?
By Bhushan Akolkar
May 27th, 2024
After Trump’s recent comments and overwhelming promise of supporting the crypto industry, some crypto market analysts says that the former President has a hit of retracing on his commitments.
US House Passes Tom Emmer’s CBDC Anti-Surveillance State Act
By Anisha Pandey
May 24th, 2024
The CBDC Anti-Surveillance State Act mandates that any development of a digital US dollar must receive explicit approval from Congress.
Congressman Emmer Calls for CBDC Ban to Fight Biden’s Alleged Surveillance Plan
By Anisha Pandey
May 23rd, 2024
Over the past five years, central banks worldwide have shown significant interest in issuing CBDCs. According to research by the Atlantic Council, as of March 2024, 134 countries are exploring a CBDC, with 38 ongoing pilot projects.
American Bankers Association (ABA) Wants House Leaders to Stop Fed’s CBDC Plans
By Tolu Ajiboye
May 21st, 2024
According to the ABA, the House should support Rep. Emmer’s anti-CBDC bill because issuing a CBDC will disrupt the financial clime.
Brazil Central Bank Plans Multi-Phased Crypto Regulations by Year’s End
By Bena Ilyas
May 21st, 2024
The Banco Central do Brasil (BCB) acknowledges the complexity of regulating the diverse crypto sector.
Hong Kong Launches Pilot Program for Digital Yuan Payments
By Bhushan Akolkar
May 17th, 2024
To set up their digital yuan wallets, Hong Kong residents just need their local phone numbers. Hong Kong is currently conducting this pilot program for e-CNY within the Greater Bay Area.
Chinese Investors Cash Out CBDC Digital Yuan for Real Money
By Bhushan Akolkar
May 13th, 2024
Analysts says that the major reluctance towards using digital yuan in China is because the CBDC doesn’t provider absolute privacy to its users.
Hong Kong Forms Working Group to Support Tokenization, CBDC Interoperability
By Bena Ilyas
May 7th, 2024
The Architecture Community aims to enhance interoperability between wCBDC and tokenized assets, where wCBDC acts as a digital bridge to facilitate smooth interbank settlements for tokenized assets.
Philippines Securities Commission to Publish Crypto Guidelines in Second Half of 2024
By Tolu Ajiboye
May 6th, 2024
The SEC in the Philippines is set to unveil crypto guidelines that will guide trading and other related activities in the country.
China’s CBDC Mastermind Is Under Investigation
By Godfrey Benjamin
April 26th, 2024
Qian was appointed the first head of the central bank’s digital currency research institute in 2017.
South Korea Central Bank to Accelerate Plans for CBDC Usability Testing
By Tolu Ajiboye
April 17th, 2024
South Korea will begin a pilot test project of its CBDC to determine usability and functionality for programmed transactions.
Israeli Government Completes Tokenized Bond Pilot on Blockchain
By Chimamanda U. Martha
March 26th, 2024
In the report, the Israeli Finance Ministry explained that during the just-concluded pilot, the country tokenized digital bonds into security tokens compatible with ERC1155 smart contracts. This move allowed for seamless atomic transfers upon payment receipt.
Patex Blockchain Ecosystem Expands Global Reach, Launches Native Token on Multiple CEX and DEX Platforms
By Tolu Ajiboye
March 12th, 2024
Patex has launched its PATEX token on CEXs and DEXs for interested users and traders to enjoy several perks and advantages in the ecosystem.
Israel Reveals Plans for Interest-Bearing CBDC
By Mercy Tukiya Mutanya
March 12th, 2024
The proposed digital shekel is different from other CBDCs in at least two ways. These are its interest-bearing nature and the separation of the role of banks from the provision of wallets and payment services.
Hungary Proposes New Bill to Allow Banks to Provide Crypto Services
By Chimamanda U. Martha
March 4th, 2024
Hungary’s move to embrace cryptocurrencies comes at a time when the global crypto market is making a comeback after a year-long market crisis.