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CBDC
A Closer Look at the Bank of Japan's Digital Yen Approach
Central bank digital currencies are becoming increasingly controversial, with several U.S. presidential candidates taking strong stances against them. Meanwhile, the Atlantic Council reports 130 countries are exploring the use of CBDCs. CoinDesk's executive director of global content Emily Parker shares insights into how the Bank of Japan views the digital yen and its role in the global CBDC race.
Author Outlines the Need for CBDCs in a 'Multi-Money Universe'
Koray Caliskan, author of "Data Money: Inside Cryptocurrencies, Their Communities, Markets, and Blockchains," argues that nothing could be more wrong than avoiding a central bank digital currency, emphasizing that “the public needs to have" CBDCs to follow the movement and discuss the nature of uses of a multi-money universe in our new economies.
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
Jeju, Busan and Incheon are in the running to be considered.
Ripple Exec on Palau Stablecoin Trial on XRP Ledger, SEC Case Ruling
Ripple vice president of central bank engagements and CBDCs James Wallis joins "First Mover" to discuss his insights into the country of Palau leveraging Ripple's CBDC platform and starting a stablecoin trial on the XRP Ledger. Wallis also weighs in on Ripple Labs scoring a partial win against the SEC earlier this month after a judge ruled the sale of Ripple's XRP tokens on exchanges and through algorithms did not constitute investment contracts.
Nigeria Changing Its eNAIRA Model To Promote Use of Its CBDC
Nigeria is changing its eNaira model to encourage more use of the central bank digital currency (CBDC), Central Bank of Nigeria (CBN) Acting Governor Folashodun Shonubi said Wednesday according to a post on the bank's Twitter account. "The Hash" panel discusses the latest in the eNaira project.
Sen. Lummis: Latest Crypto Bill Includes a 'More Robust Regulatory Framework'
Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) recently unveiled a new version of their bipartisan crypto bill, which could define more of the conversation around digital asset legislation. Sen. Lummis joins "First Mover" to share insights into the updated bill and the outlook for regulatory clarity in the U.S. The lawmakers also weighs in on the future of stablecoins and her thoughts on a central bank digital currency (CBDC).
Putin Signs Digital Ruble Law Making a CBDC Possible in Russia
The new law describes a legal framework for a central bank digital token
Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar
While FedNow is currently not tied to any initiative for a digital U.S. dollar or the crypto space in general, experts warn that the system might end up as a precursor to the infrastructure for a central bank digital currency.
Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show
Banque de France said it ran multiple experiments to test central bank digital currencies for wholesale payments, issued "directly on" distributed ledger technology.
Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
