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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Pioneering Tokenized Notes on the Ethereum Blockchain: BOCI and UBS Collaborate to Introduce Groundbreaking Product in Asia Pacific
BOCI, a Chinese financial institution, has achieved a significant milestone by issuing CNH 200 million ($28 million) in fully digital…
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SEC Actions ‘Pave the Way’ for CBDC, Says US Senator Hagerty
Tennessee Senator Bill Hagerty has expressed apprehension regarding the recent actions taken by the Securities and Exchange Commission (SEC) against…
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The E-Naira Struggle: Nigeria’s CBDC Faces Major Setback in Its Second Year
Nigeria’s CBDC, the e-Naira, whose launch gulped millions of Naira from the nation’s coffer may likely hit rock bottom in…
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Central Bank of the UAE and Hong Kong Monetary Authority Collaborate to Enhance CBDC and Financial Cooperation
The United Arab Emirates’ Central Bank (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting in Abu…
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Chinese State Media Suddenly Removes Video Following Bold Comment of CZ
On May 24, a video regarding cryptocurrency was broadcasted by China’s state-affiliated media company CCTV, creating significant buzz within the…
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The Ripple 2023 New Value Report Reveals Top 5 Crypto Trends Transforming Businesses and Beyond, What are they?
Ripple’s 2023 New Value Report: Cryptocurrency Trends in Business and Beyond has finally been released. Fresh off the printing press,…
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Ripple Launches CBDC Platform Harnessing XRPL Technology
Financial technology firm Ripple Labs has announced the launch of its Central Bank Digital Currency (CBDC) platform where financial institutions,…
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CBDCs Are Inevitable, Shape Them With ZKPs
Central Bank Digital Currencies (CBDCs) are gaining popularity and are likely to become more widespread in the near future. However,…
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Deposit Tokenization: The Future of Digital Money on Blockchain
Tokenization is rapidly gaining momentum as regulated finance adopts blockchain technology. Despite the unfavorable circumstances of the 2022 crypto winter…
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