BIS consultative group proposes retail CBDC architecture
According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas, and Peru have CBDC programs in various stages of development. Go to Source
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Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker
The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day. Go to Source
Pakistan moves to regulate cryptocurrency, CBDCs as legal tender
The proposed amendments would allow for sweeping changes to the country’s financial sector. Go to Source
Bank of Canada just says no to retail CBDC in reshuffling of priorities
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank. Go to Source
North Carolina resists the CBDC tide with new payments ban
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal. Go to Source
India amasses 5M central bank digital currency users
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions. Go to Source
RBI Report Highlights India’s Central Bank Digital Currency Development
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s … Read more
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he … Read more
Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027
The small Central Asian country is currently taking public comments on its framework legislation. Go to Source
India’s Digital Rupee Surpasses 5 Million Users, RBI Discloses
India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement cash and existing payment systems, serving both wholesale and … Read more
