IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks. Go to Source Powered by WPeMatico
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China could benefit from yuan stablecoin over its CBDC – Circle CEO
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency. Go to Source Powered by WPeMatico
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money. Go to Source Powered by WPeMatico
Research: There could be 24 CBDCs live by 2030
93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money. Go to Source Powered by WPeMatico
Ripple Labs to revolutionize real estate industry through tokenization
This innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform. Go to Source Powered by WPeMatico
NY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDC
The theoretical network would help the dollar maintain its status internationally with “game-changing” improvements in service. Go to Source Powered by WPeMatico
India negotiates cross-border CBDC payments with global central banks
The CBDC should enhance the country’s potential for foreign trade with nations that lack U.S. dollar reserves. Go to Source Powered by WPeMatico
EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3
European Union lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. Go to Source Powered by WPeMatico
FedNow “early adopter” list contains no blockchains, but some may integrate later
Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers. Go to Source Powered by WPeMatico
CBDCs aren’t about solving today’s problems — Australia’s CBDC lead
Dilip Rao, a former Ripple executive who’s now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies. Go to Source Powered by WPeMatico