Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1
China's advanced CBDC strategy sees digital yuan airdropped to thousands of people. Meanwhile, Binance Labs raised $500 million for a new Web3 fund.
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Crypto’s Rise Could Change Fed’s Monetary Policy, Says Top Bank Exec
John Williams – President and CEO of the Federal Reserve Bank of New York – believes the institution should closely monitor the transformations of the cryptocurrency industry and, if needed,…
Co-Founder of Africa Focused Fintech: Traditional Banks Not Optimized to Serve the Unbanked
For years, traditional financial institutions in different parts of the world have been attempting to narrow the financial exclusion gap by extending their services to the unbanked population. Yet for…
NY Fed president urges colleagues to prepare for coming digital payment transformation
Technology is changing fast, but the role of the central bank stays the same, Williams tells an audience of officials, scholars and financial industry leaders.
India’s Central Bank Eyes a Graded Approach to CBDC Launch
India’s central bank, the Reserve Bank of India (RBI), has said that it would implement its CBDC plans through a graded approach and as per the country’s monetary policy. The…
Crypto knocking on the WEF’s door: The view from Davos
A look back on the week that was the World Economic Forum and how crypto might have stolen the show.
Fed paper looks at potential effects of CBDC on monetary policy
The working paper traces the effects of operations with CBDC through several scenarios and concludes the Fed will have it under control.
China to Airdrop $4.5 Million in e-CNY to Shenzhen Residents to Bolster Local Economy
The Chinese authorities will reportedly give away 30 million yuan ($4.5 million) in e-CNY to Shenzhen’s residents on Monday in a bid to boost its pandemic-hit economy. The latest endeavor…
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new…
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch
India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it…
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