Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union says that the digital euro should not be rushed until the next Commission’s parliamentary election. Speaking at a think tank in Brussels on Sept 6, she stressed that a “slow and quiet” approach is preferred to allow for concrete resolutions after…
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Russia’s Central Bank Digital Currency (CBDC) the digital ruble continues to garner steam with positive pronouncements on use cases made by financial regulators in the country. The head of the State Duma financial committee Anatoly Aksakov has said that as the digital ruble’s adoption grows, traditional banking systems will become the biggest losers. … Read More:…
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Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August. Central bank digital currencies (CBDCs) and blockchain technology are likely to displace traditional banks, according to a Russian lawmaker. Anatoly Aksakov, head of Russia’s parliamentary financial committee and a major skeptic of Bitcoin…
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A Russian beauty salon in Yekaterinburg has become one of the first businesses in the nation to accept a digital ruble payment – breaking new ground for the nation’s CBDC. Per an official release from DeloBank, part of the Sinara financial and industrial group, one of the bank’s customers paid for treatment at the unnamed…
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Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to ‘high cost, low speed’ cross-border payments. In a recent keynote address at the G20 TechSprint Finale 2023 in Mumbai, RBI Governor emphasized the potential of CBDCs to revolutionize the international payment landscape, addressing issues such as…
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Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said. The European Central Bank (ECB) is quite happy with the European Commission’s legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and…
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Yes Bank’s app UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch since December. The Reserve Bank of India (RBI) central bank digital currency (CBDC), the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank’s…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: 5-Country Joint Advisory Report Warns About Russian Malware Targeting Crypto Users, IBM Shares 5 Points for Success of Digital Euro Read more »Sign up for e-EUR – the…
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Five members of IBM Consulting created a list of points that the European Commission could consider to optimize its proposed digital euro legislation. IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help…
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Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio. Bus and taxi operators in Jamaica are eager to use the country’s in-house central bank digital currency (CBDC) — Jam-Dex — as locals seek operational efficiencies and reduced costs and security risks. The Central Bank of Jamacia…
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