CBDC – Page 34 – Miami Crypto Coin

Nigerian president-elect aims to use blockchain technology in the banking sector

Post author:MiamiCrypto
Post published:March 10, 2023
Post category:Banking CBDC Cryptocurrencies Digital Asset Finance Nigeria

The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.

China’s Wechat Adds Support for Digital Yuan Payments

Post author:MiamiCrypto
Post published:March 8, 2023
Post category:Alibaba alipay App application CBDC China chinese Crypto Cryptocurrencies Cryptocurrency Digital Currency Digital Yuan e-CNY Fintech integration messenger payment app payment platform Payments PBOC social media tencent update WeChat wechat pay

Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage…

WeChat integrates digital yuan into its payment platform

Post author:MiamiCrypto
Post published:March 7, 2023
Post category:CBDC China WeChat Yuan

Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity.

BIS wraps exploration project on retail CBDC payment system

Post author:MiamiCrypto
Post published:March 6, 2023
Post category:BIS Business CBDC Central Bank Transactions

The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk" and complete cross-border transactions in seconds.

India explores offline functionality of CBDCs — RBI executive director

Post author:MiamiCrypto
Post published:March 4, 2023
Post category:CBDC Central Bank India Reserve Bank of India

In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.

US Treasury-led CBDC Working Group looking at technical issues, national interest

Post author:MiamiCrypto
Post published:March 2, 2023
Post category:CBDC Federal Reserve

Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar.

Proposed South Dakota amendment to UCC would prohibit cryptocurrencies, but not CBDC

Post author:MiamiCrypto
Post published:March 2, 2023
Post category:CBDC Cryptocurrencies

The bill authored by a Republican state legislator would prevent the use of cryptocurrency as a medium of exchange after July 1, 2024.

Hong Kong citizens not interested in digital yuan: Reports

Post author:MiamiCrypto
Post published:March 2, 2023
Post category:Bank Of China CBDC China Hong Kong

Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from the islanders.

Australian central bank to launch ‘live pilot’ of CBDC in coming months

Post author:MiamiCrypto
Post published:March 2, 2023
Post category:Australia CBDC CBDC pilot cbdc trial Central Bank e-aud RBA Reserve Bank

The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilot.

Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27

Post author:MiamiCrypto
Post published:February 27, 2023
Post category:CBDC Coinbase IMF Nigeria SEC

United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency.