Tag: CBDC

The European Union could issue a digital euro within four years, a senior official from the European Central Bank (ECB) said. Peer-to-peer payments could be a first test case, though no final decision has been made yet. “At the end of 2023 we could decide to start a realization phase to develop and test the…

Few people today doubt that in a few years, central bank digital currencies (CBDCs) will be as widespread as cash is now. But so far, no one can tell how exactly Western countries will approach their digital money. And this question, as you are about to see, is hardly a trivial one. If you discount…

The Qatar Central Bank (QCB) is currently exploring a central bank digital currency (CBDC) and digital bank licensing, a top official said. The Middle Eastern nation is also weighing issuing licenses for digital banks as it seeks to digitize payments. The Qatar Central Bank intends to soon reveal its direction on CBDCs, Alanood Abdullah Al…

The Bank for International Settlements (BIS) Innovation Hub collaborated with central banks from Australia, Malaysia, Singapore, and South Africa to develop prototypes of two versions for an international settlement platform that uses different central bank digital currencies (CBDCs). According to the executive summary of the report, the project’s first phase was successful in developing functioning…

The rapid transformation of global finance resulting from the war in Eastern Europe will spur the development of central bank digital currencies – CBDC – in the months to come. We have already written several times about how the war has drastically accelerated the mass adoption of cryptocurrencies. But no state wants to lose control…

US President Joe Biden is ready to sign a long-awaited executive order related to cryptocurrency regulations this week, said Bloomberg citing anonymous sources. The order will allow federal agencies to study the impact of crypto on the economy. According to the Bloomberg report, “The order will direct federal agencies to examine potential regulatory changes, as…