The Bank of Thailand to pilot Retail CBDC by the end of 2022
The Retail CBDC will be tested in a limited retail environment with 10,000 participants and three major banks.
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UK parliamentary group calls for submissions in new crypto asset inquiry
The U.K.’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry.
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report,…
Crypto Is an Asset Class, Not Payment Instrument, Says Mastercard’s CFO
Sachin Mehra – Chief Financial Officer of Mastercard – believes cryptocurrencies, such as bitcoin and ether, are still too volatile to be classified as an appropriate payment instrument. On the…
Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
European Central Bank bets on CBDCs over BTC for cross-border payments
ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the…
Central African Republic Token Sale off to Slow Start — $1.26 Million Raised in Under 5 Days
The Central African Republic’s token sale appeared to have gotten to a slow start after less than 13 million out of the 210 million Sango coins were sold since the…
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their…
Israel Will Ban Cash Payments Over $4,400 on Monday
Beginning on Monday, citizens of Israel will no longer be able to use cash for transactions larger than $4,400 or $1,760, depending on the entity that they are transacting with....
Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money.…
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