The Reserve Bank of India is working on a phased rollout of a Central Bank Digital Currency (CBDC) in a bid to lower the country’s dependence on cash. According to …
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Hong Kong CBDC project is looking to commercialize for cross-border payments
Hong Kong’s multiple central bank digital currency (m-CBDC) project is “going on very smoothly” and the aim is to commercialize the prototype developed and enhance cross-border payments, said Eddie Yue, …
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Testing of the digital rouble in 2022 confirmed by Cenbank Governor
Bloomberg Terminal has shared that Elvira Nabiullina, the governor of the Central Bank of Russia, has confirmed that the institution intends to start testing the digital equivalent of the rouble …
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Ethereum (ETH) will become basis for digital shekel
Bloomberg has reported that the Bank of Israel plans to use the second largest blockchain platform Ethereum for emitting a digital version of its currency shekel. The course cited by the …
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The Central Bank of Russia has confirmed the digital ruble trials will begin in 2022
According to the Bloomberg Terminal, the head of the Russian Central Bank, Elvira Nabiullina, has stated that digital ruble trials will begin in 2022. Previously, the country’s central bank voiced its plans …
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Bank of England To Criticize Cryptocurrencies Considering CBDC
The Governor of the Bank of England, Andrew Bailey, made the organization’s current position on cryptocurrencies clear in a recent press conference. When asked about the incredible year that the …
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UK government creates central bank digital currency task force
Her Majesty’s Treasury and the Bank of England have begun preliminary central bank digital currency studies that could result in the creation of a national digital currency. In a document published …
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China Aims To Allow Foreigners To Use Digital Yuan At 2022 Winter Olympics
China’s central bank is looking to enable foreign athletes and visitors to use the country’s digital currency during the Beijing Winter Olympics in 2022, according to a top central bank …
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Hong Kong Explores CBDC Retail Opportunities In Upcoming Aurum Project
Hong Kong is exploring a general-purpose central bank digital currency (CBDC) to be distributed through commercial banks and payment service providers, said Howard Lee, deputy chief executive of the Hong …
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BIS researchers grapple with the consequences of Interoperable CBDCs
Convertible central bank digital currencies (CBDCs) offer countries a tantalizing chance to improve vital cross-border payment rails, researchers from the Bank for International Settlements (BIS) wrote in a March note. …
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