May 2nd, 2025
CBDC News - Page 18
ECB: CBDCs the ‘Only Solution’ to Survival of Monetary System
By Mercy Tukiya Mutanya
August 18th, 2022
Citing the emergence of cryptocurrencies and large digital platforms, ECB states that CBDCs are “the only solution to guarantee a smooth continuation of the current monetary system”.
US Federal Reserve Governor Pushes for FedNow Instead of US CBDC
By Bhushan Akolkar
August 18th, 2022
Fed governor said that the FedNow service will cater to the demand for instant payments while addressing a key value proposition of having a US CBDC.
Reserve Bank of Australia Set to Initiate One-Year CBDC Pilot Program
By Tolu Ajiboye
August 9th, 2022
The RBA has announced plans to conduct a yearlong pilot research phase for CBDC applicability in Australia.
State of Crypto Adoption in Germany
By Kofi Ansah
August 5th, 2022
This Western European country is now tied with the US as the most crypto-friendly economy.
Thailand CBDC Pilot Could Commence Later This Year
By John K. Kumi
August 5th, 2022
According to reports, the pilot will focus on two important factors namely: The Foundation track and the Innovation track.
ECB: Bitcoin Is Least Credible for Cross-border Payments
By Babafemi Adebajo
August 2nd, 2022
The ECB noted that CBDCs provide a more credible alternative compared to unbacked digital assets.
Taiwan to Ban Crypto Purchases Using Credit Cards
By Kofi Ansah
July 22nd, 2022
The FSC also added that credit cards cannot be used for stocks, online gambling, futures options, and other transactions in Taiwan.
Tepid Response to Potential Federal Reserve-issued Digital Dollar Suggests CBDC May Still Have Some Way Out
By Tolu Ajiboye
July 6th, 2022
At the Federal Reserve conference on the digital dollar, panelists said that a proper crypto regulatory framework should come first.
Ripple Labs Launches Hackathon to Promote CBDC Usage on XRP Ledger
By Godfrey Benjamin
June 28th, 2022
The blockchain payments company, Ripple Labs Inc has announced the launch of its hackathon dubbed Ripple CBDC Innovate challenge as it seeks to power innovation bordering on Central Bank Digital Currencies.
G7 Pushes for Greater Crypto Regulation, and That Might Be a Good Thing
By Kseniia Klichova
June 27th, 2022
Finance ministers and central bankers from the Group of Seven (G7), a group of nations boasting the world’s most advanced economies, recently stepped up their calls for more stringent regulation of cryptocurrency assets, especially so-called stablecoins that are pegged to the price of traditional fiat currencies.
Digital Euro to Be Capped at 1.5T Tokens, Says ECB Executive Board Member
By John K. Kumi
June 16th, 2022
Panetta disclosed ECB would most likely cap the number of digital euros between 1 and 1.5 trillion tokens.
Jamaica Becomes World’s First Country to Issue CBDC Legal Tender
By Kofi Ansah
June 9th, 2022
The CBDC is now expected to reduce the difficulties that come with Jamaica’s predominantly cash-based economy.
Bank of England Executive Says Digital Currencies Could Impact Banks
By Ibukun Ogundare
June 6th, 2022
The UST crumble, coupled with the inflation, has raised concerns among experts in the crypto community.
Brazil Launches Blockchain Network for Public Institutions
By Babafemi Adebajo
May 31st, 2022
Brazil’s approach to blockchain and digital currency has moved beyond simply regulating cryptocurrencies.
US Senators Introduce Draft Bill to Proscribe China Digital Yuan from American App Stores
By Tolu Ajiboye
May 27th, 2022
Republican senators have highlighted a potential threat posed by the digital yuan and have proposed a bill to outlaw them from US app stores.