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UK parliamentary group urges caution over UK CBDC

0xMain
June 5, 2023

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A report released by the U.K.’s All Party Parliamentary Group on crypto and digital assets urges the government to carefully consider the introduction of a CBDC, or “digital pound.” In a comprehensive analysis of CBDCs, the U.K.’s All Party Parliamentary Group on crypto...

Kenyan central bank says CBDC not a priority

0xMain
June 2, 2023

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Following a period of feedback collection on central bank digital currencies (CBDCs) earlier this year, Kenya’s central bank (CBK) has told the public that a CBDC is not a priority. Additionally, the CBK has expressed the view that the appeal of CBDCs is...

Bank of Japan advances CBDC program, following successful tests

0xMain
May 29, 2023

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The Bank of Japan (BOJ) has completed the second stage of its CBDC experimentation and is now moving forward with its pilot project. The Bank of Japan (BOJ) has successfully wrapped up the second phase of its study into the possibilities of a...

Visa and Microsoft join forces for Brazilian CBDC pilot project

0xMain
May 26, 2023

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The Brazilian central bank’s digital currency (CBDC) pilot project is set to attract the participation of both national and global companies. Banco Central do Brazil, the country’s central bank, has announced its plan to onboard participants onto the digital real platform starting in...

Ripple to showcase tokenization with new CBDC platform in Hong Kong

0xMain
May 19, 2023

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Ripple, a leading crypto solutions company, has announced its participation in the digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program initiated by the Hong Kong Monetary Authority (HKMA). As part of the program, Ripple will showcase a real estate...

Ripple launches CBDC and stablecoin issuance platform

0xMain
May 19, 2023

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Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs) and manage the lifecycle of fiat currencies. Barely 24 hours after purchasing...

Hong Kong launches pilot CBDC program

0xMain
May 18, 2023

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On May 18, the Hong Kong Monetary Authority (HKMA) officially initiated the e-HKD Pilot Program, a significant project under its ‘three-rail’ approach. This development is seen as a strategic progression towards a potential introduction of a retail Central Bank Digital Currency (CBDC), or...

Samsung and Bank of Korea join forces for CBDC research

0xMain
May 15, 2023

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Samsung Electronics and the Bank of Korea (BOK) have announced a partnership to conduct joint research, focusing on the development of an offline payment system for a central bank digital currency (CBDC). The South Korean tech giant Samsung Electronics and the Bank of...

BIS reveals CBDC handbook for fintech development

0xMain
May 11, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent development, the Bank for International Settlements (BIS) Innovation Hub has unveiled a comprehensive handbook. Its primary aim is to support central banks in navigating the complexities...

Central banks fear CBDC risks, can’t keep up with fintech regulation

0xMain
May 11, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech Benchmarks 2023 brought into sharp focus the escalating conflict between emerging digital currencies and the traditional institutions that control monetary issuance. A significant proportion of central banks –...