Bank Exec Says CBDC is Foundation for Global Monetary System
The First Deputy Governor at Banque de France supports Central Bank digital currency (CBDC), promoting it as a foundation of the new international monetary system. In a 3 October speech, Denis Beau, First Deputy Governor of the Banque de France, referred to the CBDC as the “catalyst for enhancing cross-border payments by facilitating the development […]
Ripple Joins Georgia’s CBDC Project as Potential Tech Partner
Ripple, a leading provider of blockchain solutions for cross-border payments, has been selected by the National Bank of Georgia (NBG) as one of the nine potential technology partners for its second Central Bank Digital Currency (CBDC) pilot project. Ripple aims to leverage its expertise in digital currency systems and collaborate with NBG to develop and […]
Anti-CBDC Bill Passes House Financial Services Committee
The CBDC Anti-Surveillance State Act, which aims to prevent “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has passed the House Financial Services Committee. The bill’s author, Representative Tom Emmer, issued a press release on September 20 stating that the CBDC Anti-Surveillance State Act was passed out of committee and reported […]
Tom Emmer: Digital Assets Could Shape the 2024 Election
The growing role of digital assets could influence the 2024 U.S. presidential election. Republican congressman and crypto advocate Tom Emmer warns anti-crypto candidates who could face a backlash from voters who value financial privacy and freedom. Meanwhile, several candidates have already expressed their views on central bank digital currencies (CBDCs), which different camps see as […]
Reserve Bank of India: Shaping the Digital Rupee Landscape
According to sources cited by Reuters, the Reserve Bank of India (RBI) is collaborating with banks to introduce innovative features intended to promote the digital rupee. These enhancements encompass several vital developments. Firstly, they involve facilitating offline digital rupee transactions and seamlessly integrating e-rupees into India’s widely utilized Unified Payments Interface (UPI). The UPI is […]