[ad_1] India’s banking regulator has expressed confidence that the central bank’s digital currency (CBDC) could record 1 million transactions daily before the end of the year. The Reserve Bank of India (RBI)…
Category: Central Bank Digital Currency
Bank of China tests digital yuan SIM card payments using NFC technology
[ad_1] China’s state-owned bank has announced a pilot launch to test the practicality of connecting SIM cards to digital yuan for offline payment functions. In a statement, the Bank of China confirmed…
The IMF’s Role In Shaping The Future Of Cryptocurrencies: A Global Infrastructure For CBDCs
[ad_1] The concept of a global infrastructure for digital currencies, as proposed by the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, could have significant implications for cryptocurrency adoption. Georgieva’s…
Majority of Americans eye prospects of CBDC with skepticism: Cato Institute survey
[ad_1] A joint report from the Cato Institute and YouGov on the outlook for the US central bank digital currency (CBDC) reveals a bleak future for the digital dollar due to fears…
Overwhelming Majority of Americans Oppose US CBDC That Would Allow Government to Track and Control Spending: Survey
[ad_1] A new survey from an American think tank shows the majority of US adults oppose the adoption of a central bank digital currency (CBDC) that allows the government to track and…
Watch the London Blockchain Conference Day 3 live
[ad_1] After two action-packed days focused on utility blockchain beyond the hype, the London Blockchain Conference is closing with a bang. On Day 3, the focus will be on the biggest emerging…
Will US Government Freeze Bank Accounts Through Payments Network FedNow? Agency Responds to Criticism and Concern
[ad_1] Fed officials addressed concerns that FedNow, the new instant payments infrastructure being developed by the Federal Reserve, would allow the government to monitor and freeze Americans’ bank accounts. In a new…
Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
[ad_1] A myriad of unforeseen “consequences” will be generated by a retail central bank digital currency (CBDC), says the managing director of the International Monetary Fund (IMF). IMF’s Kristalina Georgieva erred for…