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. What Are CBDCs? Any decision to issue a CBDC in the U.S.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

NFCW

DECEMBER 14, 2023

The offline P2P trial forms phase two of JCB’s ongoing CBDC pilot — known as JCBDC — and will test a system for making peer-to-peer digital currency transfers either from one physical card to another via an intermediary NFC mobile device or directly between NFC smartphones.

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Digital Currency Central Bank CBDC Technology 120

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

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CBDC Fed Digital Currency Central Bank 213

Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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Central Bank CBDC Settlement Treasury 131

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . The central banks working with the BIS include the European Central Bank, the Swiss National Bank and Bank of Japan.

Digital Currency 104

Digital Currency Central Bank Fed Federal Reserve 104

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years.

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Central Bank SWIFT Digital Currency CBDC 142

PYMNTS

FEBRUARY 21, 2020

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb.

Central Bank 105

Central Bank Digital Currency CBDC Online and Mobile Banking 105

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

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CBDC Digital Currency Central Bank Blocks 193

PYMNTS

OCTOBER 19, 2020

19) on the bank’s potential rollout of a digital currency. Powell warned of potential downsides to the launch of a digital currency that need to be considered, arguing that the first priority should be to “get it right than to be the first,” Reuters reported. The Fed chief, noting that the U.S.

Digital Currency 108

Digital Currency Central Bank Fed Federal Reserve 108

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may implement a monetary policy and issue currency.

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Digital Currency Central Bank CBDC Federal Reserve 97

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Legal issues include whether a CBDC would have status as legal tender.

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Digital Currency Fed Federal Reserve CBDC 113

NFCW

APRIL 11, 2024

The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones. “Getting and opening an e-yuan hardware wallet is easy and can be made anonymously. .

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Digital Currency Central Bank CBDC Contactless Payments 126

Finextra

DECEMBER 13, 2023

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

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CBDC Card Issuer Digital Currency P2P 137

The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. Project mBridge is an initiative aimed at addressing inefficiencies in cross-border payments.

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CBDC Cross-Border Payments Transactions Cross-Border 127

Finextra

NOVEMBER 26, 2024

A group of seven central banks (Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Board of Governors of the Federal Reserve System, Sveriges Riksbank and the Swiss National Bank) together with the Bank for International Settlements, have been working together to explore selected aspects of central bank digital currencies (..)

Central Bank 85

Central Bank Digital Currency Legal Federal Reserve 85

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! The ECB has been open to the idea, and could already be experimenting.

Central Bank 94

Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

The Paypers

DECEMBER 2, 2022

Banque de France and the Banque centrale du Luxembourg worked together on an experimental Central Bank Digital Currency (CBDC) initiative.

CBDC 101

CBDC Central Bank Digital Currency 101

Fintech Finance

NOVEMBER 21, 2024

Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. The UDPN aims to drive down payment and foreign exchange costs whilst accelerating the uptake of regulated digital currencies.

Payment Networks 98

Payment Networks Digital Payments Digital Currency Innovation 98

The Paypers

AUGUST 9, 2021

The Bank of Korea (BOK) has revealed plans to initiate its central bank digital currency (CBDC) pilot by the end of August 2021.

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Digital Currency Central Bank CBDC 94

Payments Dive

APRIL 1, 2022

Ted Cruz's legislation, which follows a companion House bill introduced earlier this year, would prevent the Federal Reserve from issuing a central bank digital currency directly to consumers.

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Federal Reserve CBDC Fed Digital Currency 179

PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. million), per CoinDesk.

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CBDC Interbank Settlement Settlement Central Bank 130

The Paypers

SEPTEMBER 6, 2024

Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.

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CBDC Central Bank Digital Currency Participant 78

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). While a retail CBDC would be available for the general public, wholesale would serve a limited circle, primarily banks. Vasiliauskas is contemplating both sides.

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Central Bank Digital Currency CBDC Liquidity Risk 76

The Fintech Times

MAY 29, 2024

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. CBDC overview across the MEA region in 2024 But why are so many countries adopting CBDC initiatives?

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Digital Currency CBDC Cross-Border Payments Cross-Border 111

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. The intent is to start a fully-fledged central bank digital currency (CBDC).

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Digital Currency Central Bank CBDC Stablecoins 83

The Paypers

JUNE 5, 2023

The possibility of adopting central bank digital currencies (CBDCs) is being explored by countries worldwide, including the US. However, according to the Cato Institute 2023 CBDC National Survey, a mere 16% of Americans support the adoption of a CBDC.

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Digital Currency Central Bank CBDC Governance 81

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. After that, I think you have all the ingredients to have a digital currency. We think we will have it in 2022.”.

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Digital Currency Central Bank CBDC Instant Payments 87

Finextra

OCTOBER 28, 2024

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

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Innovation CBDC Central Bank Digital Currency 145

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. The first CBDC card transaction in Eurasia was successfully made on 15 November 2023. The country stands out in this regard.

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CBDC Transactions Payment APIs and Integration Cross-Border 131

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. euros (at least at present).

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

Fintech Finance

SEPTEMBER 10, 2024

Accenture (NYSE: ACN) announced that it has invested in EMTECH , a global financial technology company that provides software-as-a-service platforms to help central banks streamline, connect and modernize their processes and operations. Terms of the investment were not disclosed.

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Central Bank Digital Currency CBDC Financial Inclusion 98

The Paypers

JUNE 10, 2024

Saudi Central Bank has joined Project mBridge, collaborating with China, Thailand, Hong Kong, and UAE to test central bank digital currencies for cross-border trade and payments.

Cross-Border 90

Cross-Border Central Bank CBDC Digital Currency 90

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.

Digital Currency 109

Digital Currency Blockchain CBDC Central Bank 109

The Paypers

APRIL 5, 2023

The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3 , G42 Cloud and Clifford Chance.

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CBDC Central Bank Digital Currency 73

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported. He noted that private citizens also might ask for cash alternatives. . “In

Central Bank 100

Central Bank CBDC Digital Currency Cross-Border 100

The Fintech Times

NOVEMBER 4, 2024

In 2023, the central bank launched the Global Layer One (GL1) initiative, to help develop foundational digital infrastructures, on which it could deploy commercial networks. Recognising this, MAS is facilitating financial institutions’ access to common settlement assets including S$ wholesale CBDC for market testing purposes.

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Authorization CBDC Multi-Currency Settlement 83