‘There are already digital means of payment:’ EU Commission gets 11,000 public comments on CBDC project

In less than two weeks that passed since the European Commission opened its “Digital euro for the EU” initiative up to public consultation, more than 11,000 individuals and organizations left their feedback on the website. The feedback section will be open until June 14. Besides the open-ended comments section on the website, there is a […]

US Congress eyes e-cash as an alternative to CBDC

On March 11, United States President Joe Biden issued an executive order in which he encouraged the Federal Reserve to continue research on a prospective U.S. central bank digital currency, or CBDC. The order emphasized that the market capitalization of digital assets had surpassed $3 trillion in November — with Bitcoin (BTC) representing more than […]

Financial Services Company DTCC Working With Digital Dollar Project on CBDC Prototype

While a CBDC can serve multiple purposes, Project Lithium is particularly focused on the needs of the financial services industry, such as how a CBDC could benefit the clearing and settlement of securities. For example, the project aims to demonstrate direct, bilateral settlement of cash tokens in real-time delivery-versus-payment (DVP) settlement. Source link

Brazilian central bank president confirms CBDC pilot will launch in 2022

The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported. The confirmation about the central bank’s digital currency came during an event on Monday, where Roberto Campos Neto, the president of the Central Bank of Brazil, noted that a pilot CBDC […]

ECB executive board member talks about current state of digital euro CBDC research

European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become […]

South Africa finishes technical PoC for wholesale CBDC settlement system

South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project. The project, titled Project Khokha 2 (PK2), is the second phase of SARB’s Project Khokha (PK1), launched in 2018. It experimented with distributed ledger technology (DLT) […]

BlockFi settles with the SEC, Russia’s CBDC trials begin and Cointelegraph releases its 2022 top-100 list: Hodler’s Digest, Feb. 13-19

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week $1T opportunity: JPMorgan becomes first major bank in the metaverse […]

Blockchain Bites: River’s Rise, Canada’s CBDC and Bitcoin’s Whales Post-Halving

The number of bitcoin whales is at its highest level since 2017, as the network adjusts its difficulty setting for the first time post-halving. Elsewhere, Canada is hiring a CBDC expert, Thailand is using a blockchain to issue bonds and Kraken is expanding into Australia. Here’s the story: You’re reading Blockchain Bites, the daily roundup of […]

Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals

After years of research, the Bank of Canada is preparing to design its own central bank digital currency (CDBC). Revealing its plans in a June 11 job posting, the central bank said it was “reinventing central banking” and radically rethinking the nature of Canada’s cash. “The Bank of Canada is embarking on a program of […]

South Korea to Review Legal Issues Surrounding Potential CBDC Launch

South Korea’s central bank, the Bank of Korea, has formed a legal advisory group to evaluate issues surrounding a potential central bank-issued digital currency (CBDC) launch. According to a press release the central bank issued earlier today, the group includes six experts, namely three professors, two lawyers and one BOK official.  The panel will reportedly […]