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.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

NOVEMBER 12, 2020

In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m.

Stablecoins 110

Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

JULY 16, 2020

In other news, Thailand’s central bank has arrived at the third step of its central bank digital currency (CBDC) formation and seeks to have greater use of the cryptocurrency by big companies, The Nation Thailand reported, citing a Bank of Thailand (BOT) official. million in bitcoin and $30,000 in U.S.

Central Bank 59

Central Bank CBDC Credit Risk Bitcoin 59

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.

CBDC 114

CBDC Digital Currency Central Bank Government 114

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. The language is interesting — and noteworthy. What It Won’t Do.

Digital Currency 87

Digital Currency CBDC Retail Payments Central Bank 87

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.

CBDC 81

CBDC Digital Currency Risk Security 81

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.

CBDC 67

CBDC Use Case Privacy Cryptocurrency 67

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. Digital cash, whether in the form of cryptocurrencies or central bank digital currencies (CBDCs) , promises to redefine the future of money.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? 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).

Central Bank 57

Central Bank Digital Currency CBDC Settlement 57

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.

Authorization 65

Authorization Bitcoin CBDC Digital Currency 65

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.

Central Bank 67

Central Bank Digital Currency Scams CBDC 67

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. dollar is] the reserve currency.”.

CBDC 67

CBDC Fed Federal Reserve Central Bank 67

PYMNTS

DECEMBER 4, 2020

About 10,000 Cubans have turned to bitcoin and altcoins, including ethereum and dogecoin, to skirt around U.S. In other news, the Bank for International Settlements (BIS) announced Thursday (Dec. Meanwhile, Hauck & Aufhauser , a private bank headquartered in Frankfurt, Germany, is launching a cryptocurrency fund next year.

CBDC 61

CBDC Cryptocurrency Bitcoin Central Bank 61

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.

Bitcoin 62

Bitcoin CBDC Blockchain Central Bank 62

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.

Bitcoin 69

Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

JUNE 15, 2020

Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. The panel’s start is a portion of the first stage for the Bank of Korea’s (BOK) plan to create a CBDC.

Digital Currency 64

Digital Currency Legal Cryptocurrency CBDC 64

The Fintech Times

MAY 26, 2024

Central bank digital currencies (CBDCs), digital money regulated by a country’s central bank, are currently being tested across the world. Developed and emerging markets alike are considering the possibility of introducing CBDCs. Yet many central banks have already actioned plans to introduce them.

CBDC 98

CBDC Central Bank Privacy Multi-Currency 98

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

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide.

Money Laundering 61

Money Laundering Bitcoin Regulations Central Bank 61

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. 12, CoinDesk reported , citing The Paper.

Central Bank 52

Central Bank Bitcoin Digital Currency CBDC 52

PYMNTS

DECEMBER 22, 2020

The Italian Banking Association (ABI) is running experiments for a digital euro, CoinDesk reported. 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.

Distributed Ledger Technology (DLT) 69

Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

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.

CBDC 64

CBDC Distributed Ledger Technology (DLT) Visa AML 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.

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

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. Digital currency enthusiasts have been witnessing bitcoin rise all year, and a number of them are targeting the December 2017 high of nearly $20,000.

Debit Card 63

Debit Card Bitcoin Digital Currency NOV 63

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.

Digital Currency 60

Digital Currency CBDC Blockchain Bitcoin 60

PYMNTS

APRIL 24, 2020

China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). The digital yuan is structured using a central bank-issued CBDC for commercial banks and a commercial bank-issued CBDC focused on the public.

CBDC 83

CBDC Digital Currency Stablecoins Central Bank 83

PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. The island’s study into a CBDC was reportedly first revealed by Yandraduth Googoolye, a prior governor. In other news, JPMorgan Chase & Co. brought on Gemini Trust Co.

Digital Currency 61

Digital Currency Bitcoin CBDC Blockchain 61

PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. Non-qualified investors wouldn’t be able to purchase over 600,000 rubles (approximately $7,740) per a proposal that the Bank of Russia released.

Caps 56

Caps Bitcoin Digital Currency Central Bank 56

PYMNTS

NOVEMBER 25, 2020

Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. The Value Of CBDC . Central banks, of course, have been discussing and exploring their own paths toward digital fiat.

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

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.

Digital Currency 52

Digital Currency CBDC Blockchain Bitcoin 52

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. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). What are Stablecoins?

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

OCTOBER 12, 2020

China’s central bank is issuing 10 million yuan ($1.5 Unlike bitcoin, the digital yuan is not a cryptocurrency because it is being issued and controlled by China’s central bank, the People’s Bank of China (PBOC). It won’t replace Alipay or WeChat Pay and is expected to work with them as well as other banks.

Digital Currency 96

Digital Currency Central Bank Cryptocurrency Settlement 96

PYMNTS

DECEMBER 13, 2020

Three top Chinese companies have now joined the fray of the country’s central bank digital currency (CBDC) trials, CoinDesk reports. China has been working toward putting out a CBDC, with the People's Bank of China working on gauging user experience through partnership with banks and businesses.

CBDC 63

CBDC Cryptocurrency Bitcoin Laws 63

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 Bitcoin Central Bank 64

PYMNTS

MAY 20, 2020

The institution noted per the report that it tried out a central bank digital currency (CBDC) sale of securities in mid-May. Additionally, the recent test of securities issuance was said to be based on technology received after the bank’s call for applications in late March.

Bitcoin 52

Bitcoin Blockchain Digital Currency CBDC 52

PYMNTS

DECEMBER 5, 2019

To make sure that they stay at the center of the global payment system, the head of the Bank of International Settlements (BIS) says that central banks have to embrace the revolution in digital money, Bloomberg reported Thursday (Dec. He has called Bitcoin “a bubble, a Ponzi scheme and an environmental disaster” in the past. .

Central Bank 52

Central Bank CBDC Bitcoin Settlement 52

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