Digital Dollar Project urges US to take action on CBDC development
The foundation set up by “Crypto Dad” Christopher Giancarlo released a new version of its CBDC white paper with new warnings about maintaining U.S. leadership.
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Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report
To use the tokens, users will need to verify their identity through phone and video identification, and load their wallet with real euros.
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to…
Georgia Prepares to Launch Digital Lari Pilot in First Half of 2023
The central bank of Georgia intends to publish a document detailing the concept of a national digital currency in the coming months. Other participating parties will use it to finalize…
EU finance ministers’ group releases statement on political aspects of digital euro
The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making.
CBDCs not worth the costs and risks, says former BoE advisor
Tony Yates, the former senior advisor of the Bank of England, argues that CBDCs are not worth the headache.
Ukraine’s Tascombank Pilots Stellar-based E-hryvnia
Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money…
MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries
The report concentrates on real-world research from low- and middle-income countries and untangles questions of inclusiveness, trust and functionality.
BIS economists suggest improving TradFi with CBDC to attract users away from crypto
The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests traditional finance could get its house in better order too.
Nigeria revisits its payments landscape amid sluggish eNaira adoption
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025.
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