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Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America. Go to Source Powered by WPeMatico
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000. Go to Source Powered by WPeMatico
The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has the objective of examining the real possibilities and advantages of … Read more
The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.” Go to Source Powered by WPeMatico
While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins. Go to Source Powered by WPeMatico
“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo. Go to Source Powered by WPeMatico
The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years. Go to Source Powered by WPeMatico
“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons are myriad. Suffice … Read more
Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private U.S. Congressman Tom Emmer (R-MN) announced Thursday that he has … Read more
Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion. Go to Source Powered by WPeMatico
