CBDC
Central bank digital currency (CBDC) utilizes technology to represent a country’s official currency in digital form. Unlike decentralized cryptocurrency, CBDC would be centralized and regulated by a country’s monetary authority. Digital fiat currencies or digital base money, CBDC will act as a digital representation of a country’s fiat currency, and will be backed by a suitable amount of monetary reserves. E-Yuan, Digital Euro or Digital USD, ruble or sterling pound are a fact but no one of these countries officially launched such money.
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Tri-Nation Experiment: France, Singapore, and Switzerland Test Cross-Border CBDCs
The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, has recently completed…
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IMF Report Explores the Potential of Central Bank Digital Currency (CBDC) in Bahrain
In a significant move towards embracing financial innovation, Bahrain is on the cusp of introducing a Central Bank Digital Currency…
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Federal Reserve Vice Chairman Barr: CBDC Decision Remains Distant
“The U.S. is currently distant from reaching any determinations concerning a central bank digital currency (CBDC), as per statements from…
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Russia Launches Digital Ruble Trials in 11 Cities
Russia is making preparations to carry out trials of its central bank digital currency (CBDC), known as the digital ruble,…
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Bank of Canada’s Investigation Reveals Limited Interest in CBDC Adoption in a Cashless Society
An investigation by Bank of Canada reveals that the average Canadian shows limited interest in adopting a central bank digital…
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Brazil Unveils Drex, the Official Brand for its Central Bank Digital Currency
The official name for the Brazilian central bank digital currency (CBDC), previously known as the “digital real,” has been unveiled…
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Central Bank Digital Currencies: A Comprehensive Overview
In the rapidly evolving world of finance, Central Bank Digital Currencies (CBDCs) are emerging as a transformative force. Drawing from…
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Blockchain Developer Claims to Have “Reverse Engineered” Brazil’s CBDC Real Code
A blockchain developer recently made an intriguing discovery while delving into the source code of Brazil’s experimental central bank digital…
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Over 100 Countries Actively Exploring Central Bank Digital Currencies
A recent report reveals that Central Bank Digital Currencies (CBDCs) are experiencing a surge in popularity, with 109 countries actively…
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Digital Yuan Integration: China Considers Linking National Social Security Cards
China has announced its plans to incorporate its central bank digital currency (CBDC), the digital yuan, into its financial system…
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