Tag: CBDC
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Brazil’s CBDC Pilot Advances with Blockchain Power
Drex CBDC pilot phase 2 improves trade finance using blockchain. Microsoft, Banco Inter, Chainlink, and 7Comm have joined forces. Brazil’s central bank, known as Banco…
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RBI Chief Warns Stablecoins Endanger India’s Monetary Sovereignty
RBI Governor Das has criticized stablecoins for undermining local currency sovereignty. He promotes CBDCs as the secure future of digital payments in India. During a…
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Norway Central Bank to Decide on Digital Currency Next Year
Norges Bank intends to implement CBDC by 2025, focusing on wholesale use. Norway does not rush to meet global CBDC efforts and instead prioritizes careful…
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Brazil Expands Drex CBDC Pilot with DeFi Innovations
The Drex CBDC pilot focuses on tokenization and liquidity pools. Brazil intends to dominate digital financial innovation with DeFi. Brazil is making tremendous progress with…
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Opinion: America Really DOESN’T NEED a CBDC Right Now
The topic of a central bank digital currency (CBDC) continues to permeate the digital currency arena. The question is, “Does a CBDC warrant anything special,…
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Senator Ted Cruz Really Doesn’t Want a CBDC in Play
Republican Senator from Texas Ted Cruz says he doesn’t want a digital dollar or any central bank digital currencies (CBDCs) entering the fray. He believes…
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Cash Remains King as ECB Has No Plans to Issue Central Bank Digital Currency
The president of the European Central Bank (ECB) has issued a statement declaring that it and the Eurosystem currently have no plans to issue a…
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EU Parliament Report Calls for CBDCs to Level Competition in Cryptocurrency Market
A new study from the European Parliament has called for permissioned cryptocurrencies to level the competition in the cryptocurrency market. Reshaping the Current Competition The…
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Australia’s Central Bank Says It’s Unlikely Bitcoin Will Succeed Down Under
A senior official at the Reserve Bank of Australia (RBA) has said that Bitcoin is unlikely to succeed in the country due to the stability…
