PYMNTS

FEBRUARY 21, 2020

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb.

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PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15. Indeed, any decision to create a CBDC is a matter for the Eurosystem.”

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PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. In this case, digital currencies – no matter the provenance – should work well enough to be interchangeable with paper bills and metal coins.

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PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

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Clearly Payments

AUGUST 24, 2024

Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. trillion, with Bitcoin alone accounting for over 50% of this value.

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PYMNTS

OCTOBER 5, 2020

In other news, the Bank of Canada said an anonymous token-based central bank digital currency (CBDC) would present some specific risks, according to a staff analytical note. And, in regard to digital currency, consumers might only be able to recoup money in the event of unauthorized transactions.

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CBDC Digital Currency Risk Security 81

The Fintech Times

MAY 26, 2024

In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Developed and emerging markets alike are considering the possibility of introducing CBDCs.

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CBDC Central Bank Stablecoins Privacy 98

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

OCTOBER 21, 2020

A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. In other news, the price of bitcoin broke through the $12,000 level on Tuesday (Oct. The price of bitcoin was $11,954.07

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Bitcoin Request for Comment Federal Reserve Scams 93

PYMNTS

JULY 16, 2020

The the tool will decrease lending risks for holders of digital currency and allow for the rollout of decentralized lending markets that can provide digital currency loans on an unsecured basis, the announcement stated. million in bitcoin and $30,000 in U.S. million in cryptocurrency, CoinDesk reported.

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Central Bank CBDC Credit Risk Bitcoin 59

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

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Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

APRIL 7, 2020

In other news, Bank of England (BoE) analysts at work on the central bank digital currency (CBDC) have said that private firms could potentially have a much more significant role when it comes to the distribution and issuance of money, CoinDesk reported, citing a webinar.

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PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). While a retail CBDC would be available for the general public, wholesale would serve a limited circle, primarily banks. And while the Bank of Lithuania sees potential in CBDCs, it is “cautious.”

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Central Bank Digital Currency CBDC Liquidity Risk 76

The Paypers

AUGUST 20, 2021

The Monetary Authority of Singapore (MAS) has announced it is planning to change how money moves across borders using Central Bank Digital Currencies (CBDC) inspired by Bitcoin.

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PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. Bitcoin last exceeded the $16,000 price point on Jan.

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PYMNTS

DECEMBER 4, 2020

About 10,000 Cubans have turned to bitcoin and altcoins, including ethereum and dogecoin, to skirt around U.S. Its goal was to examine whether a wholesale central bank digital currency (CBDC) could be issued on a digital asset platform and if the platform could be linked back to an existing wholesale payment system, the announcement stated.

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PYMNTS

JANUARY 15, 2021

Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar, CoinDesk reported. “We We don’t feel an urge or need to be first,” he said of CBDCs, according to the report.

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PYMNTS

APRIL 7, 2020

In other news, Bank of England (BoE) analysts at work on the central bank digital currency (CBDC) have said that private firms could potentially have a much more significant role when it comes to the distribution and issuance of money, CoinDesk reported, citing a webinar.

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Digital Currency CBDC Blockchain Central Bank 52

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

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Digital Currency Cross-Border Settlement Central Bank Stablecoins 64

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. Speaking with David Rubenstein at a Bloomberg event on Friday (Dec.

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PYMNTS

APRIL 6, 2020

In other crypto news, other investors who fell victim to a purported digital currency scam claim a Wells Fargo subsidiary did not take notice of the activities of a staffer who was allegedly one of the main actors in the scheme, CoinDesk reported.

Digital Currency 52

Digital Currency CBDC Central Bank Advisors 52

PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. Any bank can participate in the digital currency initiative, Ledger Insights reported.

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Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

PYMNTS

JUNE 24, 2020

In other news, the oldest central bank globally, Riksbank of Sweden, has examined the feasibility of central bank digital currencies (CBDC) and found the pros and cons between different models, CoinDesk reported.

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Central Bank Digital Currency Scams CBDC 67

PYMNTS

NOVEMBER 17, 2020

Bitcoin is briskly getting close to the peaks that brought about a crypto madness and concluded with a dramatic market downfall nearly three years prior, Bloomberg reported. The digital currency reached a high of approximately $17,860 on Tuesday (Nov. The price of bitcoin was $ 17,764.38 Miller Tabak + Co. as of 7:16 p.m.

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PYMNTS

DECEMBER 12, 2019

Yao was the head of China’s central bank digital currency initiative. . Yao’s hiring was anticipated because of his contribution to the development of the central bank digital currency (CBDC) and his deep understanding of FinTech and blockchain, according to Caijing. 11), as reported by Coindesk.

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Digital Currency Regulations Bitcoin Central Bank 52

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. The comments come against a backdrop where bitcoin’s price action has been volatile — to put it mildly.

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Money Laundering Bitcoin Regulations Central Bank 61

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release.

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CBDC Distributed Ledger Technology (DLT) Visa AML 64

PYMNTS

OCTOBER 14, 2020

For its part, the Bank of Russia recently put forward a report on a possible central bank digital currency (CBDC) rollout. In separate news, public firms have nearly $7 billion in bitcoin holdings, Cointelegraph reported. MicroStrategy reportedly has 38,250 bitcoin, while Galaxy Digital reportedly manages 16,551 bitcoin.

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Caps Bitcoin Digital Currency Central Bank 56

PYMNTS

NOVEMBER 23, 2020

Bitcoin rose above $18,000 last week for the first time since Dec. Bitcoin skyrocketed, profits were taken, profits went back into altcoins,” which are more volatile than bitcoin, Joseph Edwards , head of research at crypto brokerage Enigma Securities, told Reuters. million in the digital currency.

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Central Bank Bitcoin Digital Currency CBDC 52

Fintech Review

APRIL 24, 2024

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. The post What are CBDCs? appeared first on Fintech Review.

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Central Bank CBDC Cross-Border Payments Cross-Border 91

PYMNTS

OCTOBER 28, 2018

Benedict Chan, CTO of BitGo, called the token “the best of both worlds,” adding that it has both “the stability of bitcoin and the flexibility of ethereum.”. And days after crypto exchange Unocoin launched India’s first bitcoin ATM in Bengaluru, the city’s cybercrime police seized the machine and arrested the company’s co-founder Harish BV.

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Bitcoin CBDC Blockchain Central Bank 62

PYMNTS

MAY 20, 2020

AVA, the native digital currency of Travala.com, will fuel the merged platform “with the added utility of flight bookings,” per the announcement. In other news, France has become the first nation to test out a blockchain-operational digital euro with successful results, Banque de France announced on Wednesday (May 20).

Bitcoin 52

Bitcoin Blockchain Digital Currency CBDC 52

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

APRIL 24, 2020

The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S. The digital currency trial is being held in Xiong’an New Area, a city being built south of Beijing. chains Starbucks, Subway and McDonald’s.

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CBDC Digital Currency Stablecoins Central Bank 83

PYMNTS

JUNE 19, 2020

The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release , which will be a step toward readying the business sector for the digital age.

CBDC 98

CBDC Cross-Border Digital Payments Digital Currency 98

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg. A move like this could potentially undermine the whole system, he said.

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Bitcoin Central Bank Cross-Border Payments Digital Currency 69

Clearly Payments

JANUARY 4, 2024

As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). This is covered in the below section. What are Stablecoins?

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