CBDC
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Introduction:
It is reported that Miguel Fern á ndez Ord ó ñ ez, former governor of the Spanish Central Bank, delivered a speech during the digital euro conference this morning. Ord ó ñ ez state
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Table of Contents
According to reports, Cathy Fortune, head of the digital department at the Bank of England (BoE), said that a mixed ecosystem of various forms of currency, including CBDC and stabl
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The Blockchain Industry: Approaching a Turning Point
According to reports, analysts at Citibank stated in their latest report that the blockchain industry is finally approaching a turning point, and blockchain technology will soon se
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Table of Contents
It is reported that due to the fact that the draft law related to the digital ruble is currently only being read by the Russian State Duma, the pilot CBDC (Central Bank Digital Cur
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Florida Takes a Stand Against Central Bank Digital Currencies
It is reported that last week, Florida passed a legislative proposal aimed at prohibiting the use of the National Central Bank Digital Currency (CBDC) as currency in its state. How
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Florida Law May Accidentally Ban Bitcoin with CBDC Ban
It is reported that last week, Florida passed a legislative proposal aimed at prohibiting the use of the National Central Bank Digital Currency (CBDC) as currency in its state. How
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Bank for International Settlements Opens New European Centers Focusing on DeFi, CBDC, Cybersecurity and Green Finance
According to reports, the Bank for International Settlements has opened its European centers in Paris and Frankfurt, focusing on DeFi, wholesale CBDC, cybersecurity, and green fina
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Russia’s CBDC Pilot Delayed to Early May: Updated Details on Private Banks and Test Participants
It is reported that due to the legislative process, the Russian CBDC pilot will not start on April 1, and the legislation may be finally promulgated in early May. The number of pri
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Due to the legislative process, Russia postponed the start test time of CBDC
It is reported that due to the legislative process, the Russian CBDC pilot will not start on April 1, and the legislation may be finally promulgated in early May. The number of pri
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The Rise of the United States’ Central Bank Digital Currency (CBDC) To Establish Privacy Standards and Achieve Global Adoption
According to reports, Christopher J. Giancarlo, former chairman of the United States Commodity Futures Trading Commission (CFTC), said that the United States Central Bank Digital C
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The Digital Euro Association and Ripple Release White Paper on CBDC and Privacy
On March 28th, a working group of the Digital Euro Association (DEA) released a white paper covering various aspects such as CBDC, privacy, and interaction. The official partner of
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Ensuring the Coexistence of Central Bank Digital Currency and Other Forms of Currency
On March 28th, the governor of the Bank of Japan, Yoshihiko Kuroda, stated that ensuring the coexistence of the Central Bank\’s digital currency (CBDC) with other forms of currency
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The Impact of Declining Cash Usage and the Rise of Digital Payments on CBDC
According to reports, Signe Krogstrup, President of the Danish National Bank, discussed some of the impacts of the decline in cash usage and the rise of digital payments on the cen
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The first phase of the UAE CBDC strategy will be completed by mid-2024
On March 24th, the Central Bank of the United Arab Emirates announced on Thursday that it is expected to complete the first phase of its central bank’s digital currency strategy around the middle of 2024. This includes proof-of-concept work for wholesale and retail CBDC. Interpretation of this information: The announcement made by the Central Bank of the United Arab Emirates (CBUAE) on March 24th has revealed the bank’s plans to develop and launch its own digital currency. The bank stated that it will complete the first phase of its digital…
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The Central Bank of the United Arab Emirates plans to launch the digital dirhams and will launch the first phase of the CBDC strategy
On March 23, it was announced that the Central Bank of the United Arab Emirates (CBUAE) would implement its Central Bank’s Digital Currency (CBDC) strategy, known as the Digital Dirhams. CBUAE has invited two entities, G42 Cloud and R3, as infrastructure and technology providers. The first phase of its CBDC strategy will be carried out in the next 12 to 15 months, with emphasis on the soft launch of mBridge, the concept verification of the bilateral CBDC bridge with India, and the use of the domestic CBDC issuance concept verification…
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The governor of Florida has proposed a law banning the use of CBDC
According to reports, a legislative proposal by Florida Governor Ron DeSantis will prohibit the use of the National Central Bank Digital Currency (CBDC) as currency in his state. Interpretation of this information: The news of Florida Governor Ron DeSantis contemplating barring the use of the central bank digital currency (CBDC) as a state’s currency has sparked debates in the media. The proposal has come as a surprise as the use of CBDCs is still in its testing phase in various countries, and a complete prohibition on using it as legal…
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CEO of Standard Bank: Retail CBDC may lead to unfair competition
It is reported that at yesterday’s meeting of the African Central Bank of Standard Bank, Standard Bank CEO Sim Tshabalala expressed broad support for the Central Bank’s Digital Currency (CBDC), but believed that retail options could lead to unfair competition. Interpretation of this information: Standard Bank CEO Sim Tshabalala has expressed his support for the Central Bank’s Digital Currency (CBDC) at the African Central Bank meeting held yesterday. However, he also raised his concern about retail options for the currency that could result in unfair competition. A CBDC is…
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The global CBDC transaction volume will reach US $213 billion by 2030
On March 14, according to Juniper Research, the total annual value of transactions using the Central Bank Digital Currency (CBDC) will increase from US $100 million to US $213 billion in 2030. In addition, with the development of cross-border CBDC payment system, the proportion of domestic CBDC payment in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%. Interpretation of this information: The rise of Central Bank Digital Currency (CBDC) has been a hot topic in the financial world, often touted…
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Former CFTC Chairman of the United States: The United States must advocate a CBDC that guarantees high privacy
It is reported that Christopher Giancarlo, the former chairman of the United States Commodity Futures Trading Commission (CFTC), said in an article that the United States “must influence” the development of CBDC to protect “democratic values such as freedom of expression and privacy” and make use of the current technology used by some cryptocurrency protocols. Interpretation of this information: In an article, the former chairman of the United States Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, has called for the United States to play an active role in the development…
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U.S. Congressman Tom Emmer: CBDC can easily be weaponized into a surveillance tool
According to reports, U.S. Congressman Tom Emmer said at an event on the risk of the Central Bank’s digital currency (CBDC) that the digital dollar is “a programmable currency controlled by the government and can easily be weaponized into a monitoring tool”. He said that the essence of CBDC is not only against the general cryptocurrency, but also against the basic values of the United States, such as privacy, personal sovereignty and free market. Interpretation of this information: The recent warning by U.S. Congressman Tom Emmer about the risks associated…