Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; bank still feels “prudent” about a retail CBDC, though. The head of the Swiss National Bank (SNB) has announced that the bank will launch a wholesale central bank digital currency (wCBDC) pilot project, according to a report. Reuters quoted…
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Singapore’s central bank has proposed a whitepaper on purpose-bound money (PBM), a protocol that will define benchmarks for the use of digital money including central bank digital currencies (CBDCs) and stablecoins. … Read More: Monetary Authority of Singapore Proposes Protocol for Digital Money, Includes CBDCs and Stablecoins Read more »Sign up for e-EUR – the progressive…
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A unified electronic ledger, combining central bank digital currencies (CBDCs) and other tokenized assets, has the potential to enhance the global financial system, according to a report by the Bank for International Settlements (BIS). The proposed ledger would leverage automated smart contracts on blockchains like Ethereum to facilitate seamless transactions…. Read More: International Central Bank…
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A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of payment in the eurozone, despite currently being touted as merely an alternative. Lawmakers in…
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The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would avoid the underutilization of CBDCs for domestic purposes. IMF Working on CBDC Cross-Border Integration…
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A trial conducted by the Bank of England (BoE) and the Bank for International Settlements (BIS) Innovation Hub has highlighted the potential central bank digital currencies (CBDCs) have for introducing “programmability” to money…. Read More: Bank of England Project Finds CBDCs Could Introduce ‘Programmability’ to Money Read more »Sign up for e-EUR – the progressive…
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The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs. The International Monetary Fund has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management. IMF officials chose a roundtable on…
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International Monetary Fund Managing Director Kristalina Georgieva said that the agency is “working hard on a concept of global infrastructure” to make sure there is interoperability of settlements between digital currencies that are issued by national central banks, according to Bloomberg News. … Read More: IMF Is Working Hard on a Global CBDC Concept, Director Georgieva…
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Slovakia’s parliament passed a measure to amend its constitution to codify the right of its citizens to pay for goods and services with cash. Slovakia will codify the right to use cash as a method of payment after a vote to amend the nation’s constitution passed in parliament on June 15. The new legislation was…
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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: IMF Will ‘Pursue Relentlessly’ CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down Read more »Sign up…
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