CBDCs only option to smooth continuity of monetary system: ECB
The ECB working paper intended to identify CBDCs related challenges, areas of agreement, and research needs, such as user preferences. The creation of central bank digital currencies (CBDCs), according to the European Central Bank (ECB), looks to be the “sole answer” that would ensure the “smooth continuance” of the current monetary system. The remarks were […]
Bank of Russia plans to launch digital ruble in banks come 2024
The Bank of Russia has stated that it is expecting to rollout the digital ruble which is the central bank digital currency (CBDC) of the nation in about two years from now. The Bank of Russia will start connecting all banks and credit institutions to the digital ruble network in 2024, according to the most […]
Reserve Bank of Australia is seeking potential use cases for CBDC
The Reserve Bank of Australia in collaboration with the Digital Finance Cooperative Research Centre (DFCRC) is investigating potential uses for central bank digital currencies (CBDCs) in the nation. The collaborative project of the Reserve Bank of Australia and DFCRC would concentrate on “new use cases and business models” that might be supported by the issuing […]
Mercado Bitcoin, Stellar partner to work on Brazil’s CBDC
Brazilian exchange Mercado Bitcoin announced a collaboration with the Stellar Development Foundation (SDF) to work on one of the nine projects chosen for the LIFT Challenge Real Digital, created by the Brazilian Central Bank. The LIFT Competition Real Digital is a collaborative environment created by the Brazilian Central Bank (Bacen) in collaboration with the National […]
ECB’s Presentation Shows Lack Of Privacy Options In Proposed Digital Euro Designs
Transactions through the EU’s proposed digital Euro could be transparent to intermediaries, just like any other non-crypto digital transaction. The public’s main concern, aside from concerns about government overreach raised by the European Union’s ambitious digital euro project, is the privacy framework of the prospective currency. This concern appears to be overblown after all: as […]