Tag: CBDC

Will Central Bank Digital Currencies (CBDC) make Bitcoin obsolete or not? – professor Sean Stein Smith reflects in the Forbes column. Recent comments by the chairman of the Federal Reserve, Jerome Powell, highlight the need for more productive conversations around crypto competition. During testimony to both the House and Senate the topic of a central…

As Gulf News reported, the United Arab Emirates plans to implement a central bank digital currency (CBDC) as early as 2023, as outlined in a road map for the UAE economic future. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE (CBUAE) intends…

The Bank for International Settlements (BIS), the International Monetary Fund (IMF), and the World Bank argue to the G20 that central bank-issued digital currencies (CBDC) will benefit worldwide development. In a new joint report, they have proposed to create a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive…

Today, there is again a lot of talk about CBDC, but everyone seems to be waiting and watching for what the US is going to do: Will it create a digital dollar on the blockchain, implement some other solution, or stick to a conservative policy? The States themselves would probably very much like to leave…

As local news reported, the Vietnamese Prime Minister Phạm Minh Chính has ordered the State Bank of Vietnam to study the feasibility and test the operationality of a pilot for a digital currency (CBDC). Unlike other countries, Vietnam is looking to test a digital currency built on blockchain technology, not a centralized protocol. According to…

Iran’s leadership now seems to have again decided to use cryptocurrencies to stabilize the country’s financial system. The first attempt was made in early 2019, but was unsuccessful. The Iranian parliamentary committee on economics has developed legislation titled “Supporting Cryptocurrency Mining and Regulation of Domestic Cryptocurrency Trade”. When it is adopted, the Central Bank of…