#CBDC News

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South Africa advances financial inclusion with crypto and digital payment reforms

cryptoslate.com South Africa announced plans to weave digital payments and crypto into its financial fabric to boost the economy for marginalized groups. The announcement was made in the…

‘Massive Collateral Damage’

forbes.com Bitcoin has surged following the approval of a fleet of U.S. spot bitcoin exchange-traded funds (ETFs)—sparking wild predictions of a $13.6 trillion bitcoin price…

Nigeria Asks Telcom Firms to Restrict Access to Binance, Coinbase Websites

cryptonews.com Crypto exchange behemoths are facing serious scrutiny in Nigeria, as the country aims to clampdown crypto transactions. Though Nigeria is sought to be the most crypto-savvy…

Over 100 countries are now at various stages of CBDC development

beincrypto.com The digital revolution has taken a giant stride, with cryptocurrencies reaching mainstream adoption. As an indicator of this change, a study shows that 130 countries,…

Pro-XRP John Deaton officially launches Senate bid to replace Elizabeth Warren, campaign funded via Coinbase

cryptobriefing.com John Deaton, a well-known crypto attorney and advocate for XRP holders, on Tuesday a Senate campaign to unseat Elizabeth Warren, who currently serves as the senior US…

American Totalitarian 'Crypto Dollar' May Come Before The Election

zerohedge.com American Totalitarian 'Crypto Dollar' May Come Before The Election Authored by Aaron Day via The Brownstone Institute, Central Bank Digital Currencies (CBDCs) threaten to…

As EU Inches Closer to CBDC, Will Stablecoins and Crypto Recede as Payment Options?

pymnts.com In Europe, a central bank digital currency (CBDC) has inched closer to reality, by virtue of a vote. As a result, the United States may have to play a bit of catch-up. In…

Federal Reserve Official Asserts Cryptocurrency Bolsters Dollar's Position

dailycoinpost.com US Federal Reserve Governor Christopher J. Waller delivered remarks on the topic of de-dollarization, cryptocurrencies, and the potential advent of a digital dollar during…

Turkish Central Bank Releases First Phase of its CBDC Evaluation Report

cryptonews.com The Central Bank of the Republic of Türkiye (CBRT) has completed the phase 1 of its digital Turkish lira. It is now planning to move on to advanced phases to carry out “more…

Ripple Inks an Important Deal With a Major Bank: Details

cryptopotato.com TL;DR One of the largest banks in Egypt collaborates with Ripple for blockchain-based cross-border payments and enters the NFT space. Ripple supports global CBDC initiatives…

European Central Bank: Digital Euro for Payments Only, Not Investment or Holding

cryptopotato.com A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a…

Turkey releases first-phase digital lira project evaluation report

cointelegraph.com The digital Turkish lira is set to be an intermediated CBDC with self-sovereign identity and offline transfers.

Mumbai Launches Metropolis Metaverse to Showcase Infrastructure Projects

cryptonews.com Mumbai, the bustling financial hub of India, has introduced a metaverse initiative aimed at showcasing its latest and upcoming city-wide infrastructure megaprojects. Dubbed…

Car Buyers in China Now Can Pre-Pay with Digital Yuan Smart Contracts

cryptonews.com The Chinese city of Shenzhen has implemented digital yuan smart contracts for car pre-payments, a collaboration with the Agricultural Bank of China. According to the local…

Indian National Payments Corporation Exec Optimistic on RBI’s CBDC Efforts

cryptonews.com Dilip Asbe, managing director of National Payments Corporation of India (NPCI), is optimistic about the central bank’s new CBDC initiatives. He expressed his support for a…

Edward Snowden: Bitcoin 'Most Significant Monetary Advance Since the Creation of Coinage'

decrypt.co Edward Snowden has weighed in on the subject of Bitcoin, calling the cryptocurrency, "the most significant monetary advance since the creation of coinage." The whistleblower…

Fed Governor Discusses Crypto’s Impact on US Dollar Dominance

news.bitcoin.com A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank…

Bitcoin Price Now Braced For A Surprise $6.9 Trillion Earthquake

forbes.com Bitcoin has shocked its critics and rocketed to highs not seen since late 2021 in recent weeks amid spot bitcoin exchange-traded fund (ETF) hype (something one billionaire…

Insights From Mark Goodwin's 'The Bitcoin-Dollar': Uncovering the Covert Link

tftc.io Is the Bitcoin-dollar poised to be the new petrodollar? My latest read, The Bitcoin-Dollar by Mark Goodwin, has been a thought-provoking journey into the intricacies of…

ECB exec allays privacy concerns surrounding digital euro

cryptoslate.com In a recent meeting with the European Parliament’s Committee on Economic and Monetary Affairs, Piero Cipollone, a member of the ECB Executive Board, discussed the…

What would be the point of a central bank digital currency?

marketplace.org While a decision has yet to be made, the Federal Reserve has been looking into the possibility of a central bank digital currency for several years. Bhaskar Chakravorti,…

Tokenized real world assets (RWA) redefined as personal property in landmark Iowa digital asset bill

cryptoslate.com A seemingly progressive digital asset bill has been approved by the Judiciary Committee in Iowa, introducing significant amendments to the Uniform Commercial Code,…

How Bitcoin’s (BTC) Price Rally Affects Crypto Investors in Key Regional Economies

beincrypto.com South African crypto exchange VALR announced that the price of Bitcoin reached one million South African Rands (ZAR). Bitcoin’s price also skyrocketed to 7.9 million yen as…

Hong Kong’s New Crypto Regulations: A Move to Curb Fraud and Enhance Security

coinpedia.org The post Hong Kong’s New Crypto Regulations: A Move to Curb Fraud and Enhance Security appeared first on Coinpedia Fintech News In Hong Kong, authorities propose strict…

Ripple’s XRP Price Fails to Break Out. Meme Coin Rebel Satoshi Gains Steam

beincrypto.com XRP faces resistance at the $0.54 level, remaining range-bound while other major cryptos rally. As regulatory headwinds persist, rebel-themed meme coin Rebel Satoshi gains…

Leak Reveals A Fed CBDC ‘Digital Dollar’ Could Be Closer Than You Think Amid A Huge Bitcoin And Ethereum Price Boom

forbes.com Bitcoin and ethereum's price boom has thrust crypto back into the limelight—with the Biden administration declaring a crypto "emergency." Subscribe now to Forbes'…

Hong Kong just moved to crack down on its OTC crypto outlets

dlnews.com In the crypto world, Hong Kong is famed for the scores of cryptocurrency trading shops that line the streets from Mong Kok to Causeway Bay. With their neon signs and NFT…

Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

news.bitcoin.com Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a…

Jerome Powell Urges Congress to Create Stablecoin Regulations

coingape.com Federal Reserve Chairman Jerome Powell has called on Congress to develop a legislative framework for stablecoins. Addressing House Democrats in a closed-door meeting with…

ZeroHedge Debate Recap: Global Reserve, BRICS, CBDCs, And More

zerohedge.com ZeroHedge Debate Recap: Global Reserve, BRICS, CBDCs, And More Last night, ZeroHedge kicked off our third live debate to discuss the fate of the U.S. Dollar and whether it…

The CBDC Indoctrination Has Begun

zerohedge.com The CBDC Indoctrination Has Begun Authored by James Hickman via SchiffSovereign.com, I imagine life can often feel pretty difficult for today’s high school students. On top…

Japan’s FSA Urges Tighter Scrutiny on Crypto Transfers, Citing Risk of Unlawful Activity

cryptonews.com Japan’s leading financial regulator, the Financial Services Agency (FSA), is urging institutions to place tighter scrutiny on crypto transfers, according to an official note…

Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico

coindesk.com Federal Reserve Chair Jerome Powell told House Democrats that the U.S. needs a legislative framework for stablecoins, Politico reported. In his closed-door meeting on…

Will This Ripple Custody Company Aid CBDC Efforts in Struggling Economies?

beincrypto.com Distributed ledger specialists Ripple Labs acquired digital asset custody firm Standard Custody and Trust. The purchase follows Ripple’s 2023 acquisition of Swiss custody…

Philippines to Develop Blockchainless Wholesale CBDC in Two Years

news.bitcoin.com The Central Bank of the Philippines will develop a central bank digital currency (CBDC) in the next two years, according to Governor Eli Remolona Jr. The still unnamed CBDC…

Crypto Faces Major Accusation from Russia’s Central Bank

beincrypto.com The recent report from the Central Bank of Russia underscored a notable uptick in criminals adopting cryptocurrency. While the numbers were significant in 2022, nearly all…

CoinDCX Partners with Defunct Crypto Exchange Koinex to Provide Access for its Users

cryptonews.com CoinDCX has partnered with Koinex, an Indian cryptocurrency exchange that ceased all trading operations due to regulatory uncertainties, to enable the platform’s users to…

US Inflation Falls to 3.1%

watcher.guru In what is a vital development for the US economy, inflation has fallen to 3.1% today. Indeed, the decrease is higher than many expected. Yet, the drop is still a noticeable…

Bitcoin is “A Critical Concern”: New Zealand Central Bank Governor

bitcoinnews.com The New Zealand Central Bank governor, Adrian Orr, has stated that Bitcoin is not a store of value, and that he is “critically concerned” about decentralized digital assets.…

Philippines to launch CBDC within 2 years to counter rising crypto use

cryptoslate.com The Philippines central bank, or Bangko Sentral ng Pilipinas, is preparing to launch a Central Bank Digital Currency (CBDC) in the next two years to counter the rising use…

CBDC Initiative to Enhance Philippine Payment Systems

coingape.com The Philippines is on track to launch its digital version of the Central Bank currency (CBDC) within the next two years. This program, headed by the Bangko Sentral ng…

The Guardian view on the digital pound: an impetuous idea with a risky momentum of its own

theguardian.com Two years ago, the House of Lords looked into whether the Bank of England should issue digital pounds to be held in electronic wallets. Peers were unconvinced, asking if…

Philippines to exclude blockchain from its CBDC plan

cryptobriefing.com The Philippines plans to issue a central bank digital currency (CBDC) in the next two years; however, the country chooses alternative paths over blockchain for its strategy,…

Philippines to Launch Central Bank Digital Currency as ‘Answer to Crypto’

beincrypto.com The central bank of the Philippines, Bangko Sentral bg Pilipinas, plans to launch a central bank digital currency (CBDC) within two years. The bank wants to complement…

Nigeria Faces Pressure to Tighten Crypto Regulations for Financial Crime Prevention

cryptonews.com Nigeria faces calls to go further in its efforts to clarify crypto regulation after a blockchain firm successfully finished training its fifth cohort of crypto compliance…

Philippines Central Bank Eyes Bank-Mediated Non-Blockchain CBDC in Next Two Years

cryptonews.com Governor Eli Remolona of the Philippines Central Bank (BSP) has disclosed the central bank’s plans to introduce a wholesale central bank digital currency (CBDC) in the…

Philippines Plans to Launch CBDC by 2026, but There’s One Catch

coinspeaker.com Coinspeaker Philippines Plans to Launch CBDC by 2026, but There’s One Catch The Philippines may have revealed its plans for a central bank-issued digital currency (CBDC).…

New Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency

coinspeaker.com Coinspeaker New Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency New Zealand central bank governor Adrian Orr has issued a red alert on…

First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars

coindesk.com This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every…

Philippines Rules Out Blockchain for Wholesale CBDC Seen Likely by 2026: Report

coindesk.com None The Philippines is likely to issue a wholesale central bank digital currency within two years, the Inquirer reported. • None The country does not plan on issuing a…

Philippines may introduce non-blockchain CBDC in the next two years

cointelegraph.com The country's central bank will focus on the wholesale CBDC, which will be mediated by the banks.

What Is Ripple?

newsbtc.com Ripple, one of the financially strongest companies in the entire crypto sector, blends traditional banking and finance with digital assets. This comprehensive analysis…

Rekt

rekt.news They’re at it again. And once more, we’ll all pay the consequences. Facing an already faltering economy, the decision to backstop deposits at SVB in order to halt further…

The Eye of the Storm

rekt.news "If you have nothing to hide, you have nothing to fear." But when there’s nowhere to hide, you should be very afraid. The crackdown has begun, and although it has everyone's…

Rekt - FED

rekt.news A decentralised digital dollar must seem even more appealing now. The US government payment system “Fedwire” got rekt yesterday, preventing them from processing some of the…

Coinbase: California Voters Favor Pro-Crypto Candidates in 2024 Elections

cryptonews.com California voters who own cryptocurrencies are expected to have a significant impact on the 2024 elections. Citing data from Morning Consult, a business intelligence firm,…

WazirX CEO Urges India’s CBDC Integration On Public Blockchains To Curb Stablecoin Risks

coingape.com Nishchal Shetty, the CEO and Founder of WazirX, a leading crypto exchange in India, has advocated for the integration of Central Bank Digital Currencies (CBDCs) onto public…

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