CBDC

157 articles tagged with this keyword

/crime

Could CBDCs help prevent fraud?

Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.

/payments

Digital pound consultation: User privacy and access to cash key concerns

The UK Government has vowed to pass primary legislation guaranteeing user privacy in the event of a future digital pound.

/people

Trump promises to block CBDC

Donald Trump has vowed to prevent the creation of a central bank digital currency if he wins the US presidential election, calling a digital dollar a "dangerous threat to freedom".

/crypto

ECB issues digital euro vendor call

The European Central Bank has opened applications for vendors to provide components and related services for a potential digital euro in contracts that could total more than EUR1 billion.

/payments

Aussie university pilot offline CBDC

Students at Australia's Southern Cross University have been piloting the use of a CBDC to pay for goods and services offline at on-campus vendors.

/crypto

Deutsche Bank and Standard Chartered pilot network for stablecoins and CBDCs

Deutsche Bank and Standard Chartered have carried out the first digital currency transfer and swap on the new Universal Digital Payments Network (UDPN).

/payments

EU data protection watchdog calls for more privacy for digital euro

The European data protection watchdog has recommended changes to EU draft legislation for a digital euro in order to boost privacy standards.

/payments

Fed governor Bowman sceptical on digital dollar

Michelle Bowman has become the latest Federal Reserve Governor to pour cold water on a US CBDC, saying that the benefits of a digital dollar are unclear while the risks could be significant.

/crypto

China opens CBDC industrial park

China has opened a Central Bank Digital Currency (CBDC) focused industrial park in the Luohu district of Shenzhen on October 11.

/Sibos

Sibos 2023: What will a digital euro look like?

As the digital euro project comes to the end of its investigation phase, Ulrich Bindseil and Evelien Witlox from the European Central Bank provided the Sibos audience with an update on the progress made so far and what comes next.

/crypto

Sibos 2023: Can CBDC replace cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard chaired a session on how digital currencies have made a big splash over the past few years and questioned whether they will be merely a drop in the ocean.

/Sibos

Sibos 2023: What’s next for low-value cross-border payments?

The challenges and opportunities associated with low-value cross-border payments was on the agenda at Sibos on Monday as a panel of industry players explored a host of models, from correspondent banking to DLT to interlinked national systems.

/security

Bank of Canada explores impact of quantum computing on CBDCs

The Bank of Canada has called in local specialist evolutionQ for a research project involving quantum-safe cybersecurity technologies for greenfield digital currencies.

/crypto

YES Bank eRupee app gets UPI interoperability

YES Bank has gone live with Unified Payments Interface (UPI) interoperability on the Reserve Bank of India's CBDC app.

/devops

Global CBDC adoption is on the horizon – Giesecke + Devrient

Digital payments innovation in different regions of the world is being spurred on by Central Bank Digital Currency (CBDC) adoption, as nations experiment with new payments options that can be more inclusive and dynamic. 130 countries are currently exploring the possibilities with CBDC adoption, which allows for digital money to be supported and used publicly alongside cash whilst supported by the nation’s central bank.

/inclusion

Digital Dollar Project and Western Union pilot CBDC for cross-border remittances

The Digital Dollar Project says a pilot carried out with Western Union into the use of CBDCs for cross-border remittances has found a host of potential benefits.

/payments

Mastercard launches CBDC partner programme

Mastercard has put together a central bank digital currency partner programme comprised of firms from across the ecosystem, including Ripple and Consensys.

/payments

Big names join Brazil's CBDC pilot phase

Brazil's central bank has picked 16 proposals - from firms including Nubank, Microsoft, Visa and SETL - for the pilot phase of its Drex CBDC project.

/crypto

Russia begins digital ruble pilot

The Bank of Russia has enlisted 13 banks for pilot testing of a digital ruble involving real-world transactions.

/crypto

CBDC benefits found in Digital Dollar Project’s pilot study

The Digital Dollar Project has concluded their pilot study into digital currency opportunities alongside Western Union, BDO Unibank in the Philippines, and Accenture.