CBDC | ForkLog - Part 14

ForkLog 11 02.02.2023

Economist urges China to review its total ban on Bitcoin

A former member of the People's Bank of China's Monetary Policy Committee urged authorities to consider the long-term consequences of banning cryptocurrencies.

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ForkLog 34 31.01.2023

Ripple to help Montenegro develop a CBDC

The Central Bank of Montenegro has partnered with Ripple to launch a pilot project for a national digital currency.

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ForkLog 11 30.01.2023

Bitcoin price on Nigerian NairaEX tops $38,000

The price of Bitcoin on the Nigerian NairaEX exchange, converted from the local currency, jumped to $38,935, implying a 64.4% premium to the global market. The discrepancy is due to the central bank-imposed limit on cash withdrawals at ATMs.

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ForkLog 7 25.01.2023

Saudi Central Bank says no decision yet on CBDC issuance

The Central Bank of Saudi Arabia will continue to study options for using the national digital currency; a decision on its issuance has not been made. This is stated in the regulator's bulletin.

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ForkLog 18 23.01.2023

Red Date Technology launches SWIFT-like platform for stablecoins and CBDCs

Red Date Technology, responsible for developing China's overseas BSN infrastructure platform, launched a universal digital payment network (UDPN) that will connect CBDCs and stablecoins. Cointelegraph reports.

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ForkLog 13 18.01.2023

BoE chief questions the case for a digital pound

The UK authorities must 'clearly understand' what problems the national digital currency (CBDC) will address before starting its development. This view was expressed by Bank of England Governor Andrew Bailey, Reuters reports.

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ForkLog 8 18.01.2023

Digital ruble bill placed on first-reading agenda

On January 16, the State Duma Council considered and placed on the agenda for first reading the digital ruble bill.

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ForkLog 24 17.01.2023

Bank of America: CBDCs and stablecoins could reshape the global financial system

Digital currencies, CBDCs and stablecoins are the natural evolution of money and payments, according to Bank of America researchers.

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ForkLog 13 17.01.2023

China first uses CBDC in stock-market settlements

Soochow Securities has integrated in its mobile app the ability to pay in e-CNY. This is the first in-country example of CBDC use in the stock market, according to China Securities Journal.

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ForkLog 6 09.01.2023

Bank of Russia outlines two models for cross-border settlements using the digital ruble

In the first quarter of 2023, the Bank of Russia will begin developing a model for cross-border settlements using the digital ruble. This was reported by Kommersant, citing a presentation on the CBDC project.

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ForkLog 9 30.12.2022

Turkish central bank completes first phase of CBDC testing

The Central Bank of Turkey announced the completion of the first phase of testing of the national digital currency (CBDC).

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ForkLog 17 30.12.2022

Former PBOC analyst says interest in the digital yuan is tepid

The total volume of transactions in e-CNY over two years amounted to just over CNY 100 billion ($14 billion), which is 'not ideal'. This conclusion was reached by the former director of research at the PBOC, a finance professor at Tsinghua University, Se Ping, Caixin reports.

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