CBDC | ForkLog - Part 18

ForkLog 8 22.07.2022

Indonesia to unveil CBDC concept by the end of 2022

The Bank of Indonesia will publish the concept of a national digital currency by the end of 2022. Bloomberg reports, citing Perry Warjio, the head of the agency.

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ForkLog 10 18.07.2022

RBA official says regulated cryptocurrencies have the edge over CBDCs

Regulated, consumer-oriented private tokens, under proper supervision of their issuers, are better than national digital currencies (CBDCs). This was stated by the Reserve Bank of Australia Governor Philip Lowe, Reuters reports.

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ForkLog 6 14.07.2022

ECB says digital euro’s success hinges on uptake

The digital euro project will be successful only if the instrument is actively used. This is stated in the ECB document on the key objectives of issuing CBDC.

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ForkLog 10 11.07.2022

BIS urges international cooperation on CBDC development

The Bank for International Settlements (BIS) urged countries to cooperate at early stages of developing national digital currencies (CBDCs). This is necessary to facilitate cross-border operation of the system, the document states.

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ForkLog 9 04.07.2022

CAR launches Bitcoin-backed digital currency Sango Coin

On 3 July, President Faustin-Archange Touadéra presented the national digital currency Sango Coin.

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ForkLog 9 29.06.2022

Taiwan central bank chief outlines work on CBDC

Taiwan's central bank is still developing a national digital currency (CBDC), with no precise timetable for its release yet. This was stated by regulator head Yang Chin-long, according to Reuters.

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ForkLog 13 27.06.2022

BIS says CBDCs will be the foundation of future monetary systems

CBDCs will be the foundation of future innovative monetary systems, not cryptocurrencies with their systemic shortcomings. BIS analysts reached this conclusion in the Annual Economic Report.

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ForkLog 9 24.06.2022

Viewpoint: CBDCs threaten stablecoins, not Bitcoin

CBDCs do not necessarily threaten decentralized cryptocurrencies directly; rather, they aim to mitigate risks associated with stablecoins. This was stated by ARK36 CEO Mikkel Morch, as reported by Cointelegraph.

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ForkLog 8 24.06.2022

Fed Chair outlines work on CBDC implementation plan

The head of the U.S. Federal Reserve, Jerome Powell, told a Senate hearing that a CBDC implementation strategy is being prepared.

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ForkLog 11 16.06.2022

ECB to cap digital euro issuance at €1.5 trillion

If a digital euro is launched, its issuance would be capped at €1.5 trillion.

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ForkLog 8 07.06.2022

Kazakhstan’s central bank says it will not ignore the crypto market

The National Bank of Kazakhstan is studying the cryptocurrency market, but says it is too early to talk about legalising crypto assets. This was stated by central bank head Galymzhan Pirmatov.

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ForkLog 9 03.06.2022

RBI forecasts CBDCs could displace private cryptocurrencies

CBDCs can fully displace private virtual currencies, including Bitcoin. Deputy RBI Governor T. Rabi Sankar said so, Outlook reports.

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