CBDC

 

What is a CBDC?
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.

Reserve Bank of Australia Rolls Out CBDC Pilot Project
The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business models and innovative use cases.
Bank of Thailand to Start Retail Test for its Retail CBDC
The Central Bank of Thailand also known as the Bank of Thailand (BOT) plans to begin a pilot study of Retail central bank digital currency (CBDC)
Central African Regional Bank Seeks to Introduce Common Digital Currency
The Bank of Central African States is considering creating a common Central Bank Digital Currency (CBDC) that would serve its six member states.
At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study
Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions.
Introducing Digital Euro to Protect Monetary Sovereignty amid Cashless Tendency: Lagarde
Christine Lagarde, the President of the European Central Bank, suggested introducing Euro is necessary to maintain its leading role amid the cashless tendency.
Bank Indonesia to Evaluate CBDC Influence to Local Economy
Governor of the Bank Indonesia (BI) suggested that crypto can facilitate financial system efficiencies and inclusion. The administration is evaluating the impact of adopting CBDC on the local economy.
Chinese Court Reaffirms Stablecoins are Not Legal Tender
It is already about a year since China banned transactions involving digital currency transactions, and a Chaoyang Court in Beijing has further reiterated that cryptocurrencies are not legal tender.
Federal Reserve Conference Casts Doubt over Digital Dollar Project
The Federal Reserve Conference report provides how the US central bank envisions a CBDC taking shape. However, the review pointed out that a comprehensive policy is still lacking for delivering CBDC.
Albania to Begin Levying Crypto Tax Next Year, Report says
Southern European country Albania is reportedly on track to begin taxing digital currency earnings as of 2023. Individual miners could be charged up to 15% of capital gain tax.
Ripple Labs Inc Floats CBDC Innovate Challenge
Digital currency payments company Ripple Labs Inc has announced a new hackathon dubbed the CBDC Innovate Challenge for developers who can build XRP Ledger-powered payment solutions bordering on Central Bank Digital Currency technology

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