Tag: CBDC
Senator Cruz Introduces Bill to Prevent Fed from Issuing a CBDC
Reading time: < 1 minuteUS Senator Ted Cruz introduced a bill on March 26 aiming to prevent the Federal Reserve from issuing a central bank digital currency (CBDC).
BoE Plans to Conduct an Experiment with a Wholesale CBDC
Reading time: < 1 minuteThe central bank of England is proposing a Real-Time Gross Settlement (RTGS) system and wholesale central bank digital currency (wCBDC) to assess their settlement capabilities and interoperability.
ECB Publishes Update on CBDC Development
Reading time: < 1 minuteThe European Central Bank (ECB) yesterday published its first progress report on the development of a central bank digital currency (CBDC).
US House of Representatives Passes Anti-CBDC Bill
Reading time: < 1 minuteIn a vote that fell along party lines, the House of Representatives passed a Republican-sponsored bill that would block the Federal Reserve Bank from issuing a central bank digital currency.
Israel Central Bank: The Economy Will Benefit from CBDCs
Reading time: < 1 minuteBank of Israel deputy governor Andrew Abir challenged the traditional belief that central bank digital currency (CBDC) would have a negative impact on commercial banks.
Deutsche Bank Tests SWIFT Analogue for CBDC and Stablecoins
Reading time: < 1 minuteDeutsche Bank and SC Ventures have successfully transferred and exchanged stablecoins using the Universal Digital Payments Network (UDPN).
Belarus Plans to Launch its Own CBDC
Reading time: < 1 minuteDmitry Kalechits, Deputy Chairman of the Board of the National Bank of Belarus, stated that the National Bank is working on launching a digital version of the Belarusian ruble.
Study: CBDCs Could Affect the Stability of Banks
Reading time: < 1 minuteThe integration of a stablecoin or central bank digital currency into the economy could have a destabilizing effect on banks, but might improve the welfare of households.
CBDC Transactions Volume Will Exceed $210M by 2030
Reading time: < 1 minuteThe volume of transactions involving central bank digital currencies (CBDC) will reach $213 billion by 2030.
The Bank of Japan Will Start Tests of its CBDC This Year
Reading time: < 1 minuteJapan is accelerating the development of the digital version of the yen.
