Law Decoded: Bank payments going global with stablecoins and CBDCs, Jan. 15–22
Retail users may have to wait in much of the world, however. Go to Source Powered by WPeMatico
CBDC
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The ‘central bank of central banks’ is building a CBDC settlement platform
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year. Go to Source Powered by WPeMatico
While China’s CBDC sets the pace, the yuan stumbles in usage abroad
The past two years were much harder on the dollar, however. Go to Source Powered by WPeMatico
Chinese cities continue to promote digital yuan through festive lotteries
The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities. Go to Source Powered by WPeMatico
Sweden is working with DLT for its CBDC proof-of-concept
Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration. Go to Source Powered by WPeMatico
Horizen Labs’ co-founder says CBDCs could raise Bitcoin awareness
Central Bank Digital Currencies, or CBDCs, will likely affect Bitcoin in some fashion. Go to Source Powered by WPeMatico
Bank of France settles $2.4M fund in central bank digital currency pilot
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology. Go to Source Powered by WPeMatico
Decred co-founder explains the possible effects of a CBDC takeover
How would mass-scale CBDC issuance impact the crypto space? Go to Source Powered by WPeMatico
Is Digital Currency Money? — IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies
Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed to issue digital currencies.” IMF Explores if … Read more
China turns up pace on CBDC release, tests infrastructure prior to adoption
The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond. Go to Source Powered by WPeMatico
