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 –...
Hungary is currently considering the potential benefits of launching a central bank digital currency (CBDC) in order to reach unbanked citizens, according to a high-ranking official’s statement. Despite being a European Union (EU) member state and therefore required to adopt the euro, Hungary...
The Bank of Canada has initiated an online public consultation to gather opinions on the characteristics of a digital Canadian dollar. The consultation, which started on May 13th, will remain open until June 19th. A rapid shift towards digital payments In recent years, the...
The House of Representatives of North Carolina has passed legislation to ban payments to the state using a central bank digital currency (CBDC). North Carolina passes legislation against CBDC use House Bill 690 was passed unanimously on May 3, with all 118 legislative...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Digital Currency Monetary Authority (DCMA) has announced the launch of its Universal Monetary Unit (UMU) dubbed unicoin. Unicoin is an international central bank digital currency (CBDC) that facilitates...
The U.S. Federal Reserve governor Michelle Bowman has expressed her concerns over the possible creation of a U.S. central bank digital currency (CBDC), arguing that the risks associated with CBDCs far outweigh their benefits. Bowman is not bullish on a U.S. CBDC Despite...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Although a final decision has not yet been made, the Bank of Israel has said it is formulating a plan to issue a central bank digital currency (CBDC). On...
The International Monetary Fund (IMF) is set to release a detailed handbook on central bank digital currencies (CBDCs) to provide guidance and support as interest in digital currencies grows. The interest in central bank digital currencies (CBDCs) has reached an unprecedented level, leading...
The wealthy nations that comprise the Group of Seven (G7) will prioritize determining how they can better assist poorer countries in introducing their central bank digital currency (CBDC). At a seminar held on April 11 in Washington, District of Columbia, Masato Kanda, Japan’s...
The Central Bank of Montenegro (CBCG) is collaborating with Ripple to develop a strategy and pilot program for the country’s first Central Bank Digital Currency (CBDC), or national stablecoin. The collaboration was announced in an April 11 press release. Its aim is to...