WeChat integrates digital yuan into its payment platform
Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity. Go to Source Powered by WPeMatico
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Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity. Go to Source Powered by WPeMatico
The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk” and complete cross-border transactions in seconds. Go to Source Powered by WPeMatico
The Central Bank of Iran progresses with CBDC development in anticipation of a visit by the Bank of Russia’s governor Elvira Nabiullina. Go to Source Powered by WPeMatico
The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing. Go to Source Powered by WPeMatico
Economist and gold enthusiast Peter Schiff has said that the U.S. Fed may have to fight a “complete economic collapse” and be faced with more to worry about than the current battle against inflation. In other news, artificial intelligence (AI) crypto assets have seen a recent surge, and SEC Chairman Gary Gensler has tossed in … Read more
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that have been “invited to participate … Read more
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries. Go to Source Powered by WPeMatico
An official of India’s central bank, the Reserve Bank of India (RBI), says that the country’s central bank digital currency (CBDC) will act as an alternative to cryptocurrency. He stressed that the digital rupee must possess all the attributes of physical currency, including anonymity. India’s CBDC Update Reserve Bank of India (RBI) Executive Director Ajay … Read more
Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar. Go to Source Powered by WPeMatico
The bill authored by a Republican state legislator would prevent the use of cryptocurrency as a medium of exchange after July 1, 2024. Go to Source Powered by WPeMatico