A major study between the Bank for International Settlements and the Bank of England found that a retail central bank digital currency could make peer-to-peer payments cheaper and easier. The Bank of England (BoE) is a step closer to launching its central bank digital currency dubbed “Britcoin” following the conclusion of a trial study called…
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A proposed digital euro would have to be usable offline from day one to safeguard privacy, according to a draft law obtained by CoinDesk. “The digital euro shall be available for both online and offline digital euro payment transactions as of the first issuance of the digital euro,” according to the draft text viewed by…
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A pro-Bitcoin nonprofit says it will flag potential civil liberty concerns as more countries are expected to develop CBDC technology. The nonprofit Human Rights Foundation (HRF) has launched a central bank digital currency (CBDC) tracker, the organization announced at the same Oslo Freedom Forum event it hosts. The online tracker has published educational materials and…
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The European Union’s executive branch will unveil plans for a digital euro that would require the European Central Bank to set limits on its use, according to a report from Bloomberg News. The ECB would have to decide on the instruments needed to ensure financial stability, according to a draft European Commission proposal on setting up…
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United States Treasury official Graham Steele told an audience at a Texas payments conference that a future central bank digital currency in America should consider anonymity. Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said. On June 13 the Treasury…
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Brazil’s Central Bank, the Banco Central do Brasil (BCB), has unveiled a “roadmap” of events ahead of the nation’s CBDC rollout. In an official BCB release, the bank stated that it would also begin assessing the possibility of enabling the launch of tokenized assets. The BCB unveiled a list of “monthly webinars” as part of…
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The US Department of the Treasury is looking into privacy behind the potential of a future retail central bank digital currency, a Treasury official said on Tuesday. A retail CBDC has pros and cons, said Graham Steele, assistant secretary for financial institutions at US Treasury, on Tuesday at the Transform Payments US 2023 Conference in…
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A recent poll conducted by the Cato Institute and public opinion firm Yougov reveals that the majority of Americans are hesitant to adopt a central bank digital currency (CBDC). The findings indicate that support for a CBDC remains relatively low among survey respondents. U.S. CBDC Support Remains Low: Survey Highlights American Hesitation In late May…
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Unlike in the United States where authorities are cracking down on the crypto industry, the regulations governing the industry are “more clearly defined and commercially viable in markets like Hong Kong, Singapore, and the UAE,” Stephan Lutz, the group CEO and CFO of the crypto exchange Bitmex, has said. U.S. Crackdown Driving Away Talent In…
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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: Google Cloud Offers Certain Customers Up To $1M for Cryptomining Attacks, Countdown Until MiCA Enters into Effect Officially Starts, Hong Kong to Lay Foundations to Implement Retail CBDC…
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