EU financial chief: Don’t rush digital euro before new EU Comission in June 2024
Mairead McGuinness believes that the CBDC project should be approached “quietly and slowly” by the next EU Commission. Go to Source
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CBDCs will gradually displace private banks, says Russian lawmaker
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August. Go to Source
Regulated Liability Network identifies proof-of-concept case with digital pound
The RLN, which places tokenized assets and liabilities on the same ledger, was tested with simulated cross-border CBDC transactions in a previous project. Go to Source
Digital euro can ward off a host of private payment service ills: ECB official
Private payment services can gain a monopoly over services with no benefit to other market players or economic stability, ECB board member Fabio Panetta said. Go to Source
Bank of China: Platforms must provide digital yuan retail payment option
In the short term, e-commerce platforms can integrate the CBDC through QR codes. Go to Source
Digital rupee gets big usability boost through Yes Bank integration with UPI
Yes Bank’s app UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch since December. Go to Source
IBM offers guidance for successful implementation of digital euro
Five members of IBM Consulting created a list of points that the European Commission could consider to optimize its digital euro proposed legislation. Go to Source
Jamaican taxi drivers bullish on accepting Jam-Dex CBDC
Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group. Go to Source
Only 17% of Russians would agree to store more than $200 in CBDC
The most common hindrances cited include insufficient information about the technology (22%) and concerns about cyber theft and system failures (21%). Go to Source
CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
The year-on-year growing support for digital cash is supported by ongoing domestic pilots and cross-border initiatives taken up by various jurisdictions, CitiBank’s survery found. Go to Source