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Tag: CBDC

Ripple Explains the ‘Exciting’ $5 Trillion Potential of CBDCs

On 14 December 2023, Ripple released a 23-page report titled “CBDCs: The Digital Evolution of Money,” which provides a comprehensive analysis of the evolving...

Korean central bank governor urges CBDC development to compete with stablecoins

Bank of Korea Governor Chang-yong Rhee warned that the rise of stablecoins could pose a significant threat to the traditional roles of central bank...

Crypto Winds of Change: CBDCs on the Horizon for Global Banks

The Governor of the Bank of Korea, Rhee Chang-yong, emphasized the "urgency" for central banks to consider the introduction of central bank digital currencies (CBDC)...

Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report

The ability of stablecoins, cryptocurrencies whose value is linked a fiat currency such as the dollar or euro, to hold their pegs, has been...

Is Tether Becoming America’s Defacto CBDC? Crypto Experts Weigh In

Crypto industry experts have been discussing Tether and its potential to become the dollar-pegged defacto central bank digital currency of the world. The comments...

Weekly Update #33

Weekly Update #33December 13, 2023CipherTraceMARK COLLINS & DEMETRIOS TSEASRegulatory:France’s Société Générale issues a first digital green bond on Ethereum: On Dec 4, Société Générale(SG)...

JCB, IDEMIA and Soft Space launch “JCBDC” Phase 2 pilot to trial CBDC offline P2P payments

Tokyo, Paris, Kuala Lumpur, Dec 13, 2023 - (JCN Newswire) - Japan's only international payment brand JCB Co., Ltd. ("JCB") has launched the “JCBDC”...

SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems – Fintech Singapore

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital...

Digital Ruble’s Journey From Pilot to Public, A 2025 Vision

In the ever-evolving world of digital currencies, Russia’s journey towards the launch of its own Central Bank Digital Currency (CBDC), the Digital Ruble,...

Blockchain Convergence: Mastercard and Samsung Redefine Digital Payments

In a dynamic shift for the payment industry, Mastercard is spearheading a transformative push with the tokenization of central bank digital currencies (CBDCs). In...

South Korea Excludes NFT & CBDC From Crypto Interest Mandate – CryptoInfoNet

The Financial Services Commission, South Korea’s financial regulator, announced that individuals investing in digital assets will start earning interest on their deposits on South...

Cambodia Advances Tourism Sector with Blockchain-Based Digital Currency Payments – Fintech Singapore

by Fintech News Singapore December 11, 2023 Cambodia is implementing new initiatives to expand payment options for...

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