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The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product. Go to Source Powered by WPeMatico
When asked about CBDCs during a conference on transportation, Kashkari had a response on the tip of his tongue, and it wasn’t encouraging for CBDC fans. Go to Source Powered by WPeMatico
Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye towards quickly implementing the “travel rule” for crypto assets. Go to Source Powered by WPeMatico
The collaboration will have both parties researching the offline capabilities of the CBDC issued by South Korea’s central bank. Go to Source Powered by WPeMatico
On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids the use of a federally adopted CBDC as money. Florida Puts the Brakes on CBDCs The … Read more
The new law, signed by Governor Ron DeSantis, also urges other states to take action against the potential introduction of CBDCs through their commercial codes. Go to Source Powered by WPeMatico
According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns. Go to Source Powered by WPeMatico
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies. Go to Source Powered by WPeMatico
Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one. Go to Source Powered by WPeMatico
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. Go to Source Powered by WPeMatico