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. India, according to reports earlier this fall, is mulling a ban on cryptos in general, but may indeed look more deeply into a CBDC. of course, is not standing still.

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Digital Currency Central Bank CBDC Federal Reserve 70

The Fintech Times

SEPTEMBER 20, 2024

One of the biggest challenges central bank digital currencies (CBDCs) have faced in their development is who will actually use them. A new report from the Reserve Bank of Australia (RBA) supports this as it reveals public interest in a retail CBDC has yet to emerge in the country.

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Treasury CBDC Assessments Digital Currency 59

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

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Central Bank Digital Currency Money Laundering CBDC 64

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 Advantages of CBDCs CBDCs promise to significantly enhance the efficiency of financial transactions.

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Central Bank CBDC Cross-Border Payments Cross-Border 91

The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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Interbank Settlement CBDC Settlement Use Case 134

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis. is joining the CBDC fray.

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Central Bank Digital Currency CBDC Federal Reserve 57

Fintech Finance

JULY 4, 2024

Even in today’s digital-first economy, connectivity issues can present challenges for digital payment transactions, especially in rural areas. In highly industrialized economies, internet access is not uniformly reliable. The success of several CBDC pilot projects around the globe has demonstrated the importance of offline payments.

Digital Payments 98

Digital Payments Online and Mobile Banking Financial Inclusion Central Bank 98

Fintech News

DECEMBER 11, 2023

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. The National Bank of Cambodia (NBC) has been instrumental in facilitating these digital currency evolutions.

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Digital Currency Blockchain CBDC Central Bank 105

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. 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.

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Debit Card P2P Cross-Border Central Bank 88

The Fintech Times

SEPTEMBER 30, 2024

Historically one of the world’s largest economies, Japan has set a global benchmark for economic development in the last century. This growth made Japan the world’s second-largest economy behind the United States, although it was eventually overtaken by China in 2010. Genuine fintech growth?

FinTech 59

FinTech Digital Currency Central Bank Economy 59

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. A survey asked banks if they were currently working on CBDCs, additionally asking about their motives.

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CBDC Central Bank Financial Inclusion Digital Currency 102

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.

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FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

NOVEMBER 12, 2020

Christine Lagarde , European Central Bank (ECB) president, said the ECB could make its own digital currency within a few years, which could change up the eurozone financial sector drastically, Bloomberg reported. China, meanwhile, is also advancing plans for a central bank digital currency (CBDC), Bloomberg reported.

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Digital Currency Central Bank Federal Reserve Money Laundering 121

Fintech News

DECEMBER 6, 2023

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.

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Cross-Border Payments Cross-Border CBDC Payments 140

PYMNTS

FEBRUARY 28, 2020

The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. That would be a change with profound economic consequences.”.

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Digital Currency Stablecoins Central Bank Money Laundering 95

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. No Race To Rollout .

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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. This article covers what CBDCs are, how they have evolved until 2024, their impact on payments, and the future they could shape.

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Central Bank Digital Currency CBDC Cross-Border Payments 91

The Fintech Times

SEPTEMBER 10, 2024

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

The Fintech Times

JULY 5, 2024

With Filia Unplugged, we are helping to bridge this gap,” explained Raoul Herborg , managing director of Central Bank Digital Currency ( CBDC ) at G+D. ” In today’s digital-first economy, connectivity pain points can cause serious issues.

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Digital Payments Transactions Online and Mobile Banking CBDC 52

PYMNTS

OCTOBER 7, 2020

The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The central bank said in April it had launched a 22-month pilot that would end in December 2021, the report stated.

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Digital Currency Central Bank CBDC Cryptocurrency 83

PYMNTS

JANUARY 14, 2021

At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. Lagarde stated back in November that the European Central Bank will be able to launch a digital version of the euro within four years. She pointed to the crypto’s use in criminal activity. . —

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Money Laundering Bitcoin Regulations Central Bank 61

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

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Embedded Finance APACS Financial Inclusion CBDC 105

PYMNTS

FEBRUARY 5, 2020

She did not mention interest rates or the current state of the economy. Brainard has previously touched on other central bankers’ feelings of trepidation about issuing currencies, including Facebook’s proposed Libra , noting that there are risks involved.

Digital Currency 52

Digital Currency Fed CBDC Federal Reserve 52

Fintech News

MARCH 5, 2024

. #1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

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Embedded Finance APACS Financial Inclusion CBDC 98

PYMNTS

APRIL 15, 2020

In today’s top news, Amazon will lower commission rates for the Amazon Associates program, while one of China’s state-owned banks has a mobile pilot app that supports central bank digital currency. economy $25 billion each day. Agricultural Bank of China Tests App for Country’s Digital Currency.

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Account Takeovers Federal Reserve Digital Currency CBDC 53

Clearly Payments

FEBRUARY 19, 2024

of businesses in the USA are small businesses showcasing the importance of entrepreneurship to the US economy. Gross Domestic Product (GDP) is one of the ways to estimate the merchant economy in the USA. There are 30.7 million active businesses as of 2023, according to the US Census Bureau. In 2023, the USA GDP was $26.2

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Process Digital Currency Online and Mobile Banking Payments 75

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. 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. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Bitcoin 64

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

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Payments Trends Digital Currency Cross-Border Payments Instant Payments 115

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.

Cryptocurrency 84

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 84

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. 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. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

JANUARY 28, 2021

Digital assets are no longer a futuristic pipe dream in modern economy. In a world that embraces an instant, always-on economy, the implications of faster payments to suppliers, instant cash sweeps and pooling, and the shift away from batch payment processing are far-reaching.

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Treasury Cross-Border Cross-Border Payments Interoperability 84

PYMNTS

JULY 21, 2020

The deal coincides with efforts to jumpstart China’s economy. Earlier this year, the People’s Bank of China (PBOC) launched a pilot program for its new digital currency yuan with 19 businesses, including Starbucks, Subway and McDonald’s.

Digital Currency 60

Digital Currency CBDC Central Bank Adjustments 60

Fintech News

APRIL 28, 2024

This collaboration aligns with Australia’s broader economic strategy in Southeast Asia, highlighted last year by Prime Minister Anthony Albanese in “Invested: Australia’s Southeast Asia Economic Strategy to 2040”, which pinpoints the digital economy as a crucial area for enhancing bilateral trade and investment with Thailand.

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Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 112

PYMNTS

APRIL 24, 2020

Plus, credit card companies are cutting customer spending limits in response to the COVID-19 pandemic’s effect on the economy. The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital yuan with 19 local businesses, including the U.S. Starbucks Among 19 Firms Trialing China’s Digital Yuan.

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Treasury Returns Credit Union Digital Currency 58

PYMNTS

SEPTEMBER 11, 2020

Mastercard Leads New Central Bank Digital Currency Test Platform. Mastercard has unveiled a new Central Bank Digital Currency (CBDC) test platform. The technology lets banks simulate the creation, distribution and trading of CBDCs between financial service companies, banks and individuals.

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PayPal Digital Currency Central Bank CBDC 56

Fintech News

FEBRUARY 27, 2024

Here’s a look at how crypto regulation evolved across 10 major APAC economies last year, and what regulatory or enforcement measures might be faced in 2024. Australia Australia distinguished itself with significant steps towards regulatory clarity in the realm of digital assets and payment stablecoins.

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APACS Regulations Stablecoins Cryptocurrency 126

PYMNTS

JANUARY 24, 2020

Central Banks Team On Digital Currency Standards And Use Cases. And now, for digital currencies, it’s a group effort — among central banks, that is. 21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC).

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Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60