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Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas

February 17, 2021

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The Bahamian Sand Dollar can now be used for payments anywhere Mastercard is accepted. Feb 17, 2021 at 3:22 p.m. UTCUpdated Feb 17, 2021 at 3:32 p.m. UTC Mastercard Launches Prepaid Card for World’s First CBDC in Bahamas People in the Bahamas now have the option of loading the country’s central bank digital currency (CBDC) […]

Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets

February 8, 2021

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Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates. Feb 8, 2021 at 3:13 p.m. UTC Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets The Bank of Korea (BOK) has published the results of research it conducted last year on the legal issues […]

US Federal Reserve Looking to Hire a Manager to Research Stablecoins and CBDCs

January 29, 2021

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The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins. Federal Reserve building, Washington, D.C. (Steve Heap/Shutterstock) Jan 29, 2021 at 10:10 p.m. UTC US Federal Reserve Looking to Hire a Manager to Research Stablecoins and CBDCs The […]

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

January 22, 2021

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The new platform was announced as part of the BIS Innovation Hub’s priorities and programs for 2021. Benoit Coeure, head of the BIS Innovation Hub(Andrej Klizan/Flickr) Jan 22, 2021 at 2:48 p.m. UTC BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments The Bank of International Settlements (BIS) Innovation Hub listed its […]

Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

January 18, 2021

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Stephen Harper said “the number of things that people use as reserves will expand,” but the U.S. dollar will still retain its dominant role. Jan 18, 2021 at 2:09 p.m. UTCUpdated Jan 18, 2021 at 3:39 p.m. UTC Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency Stephen Harper, an economist and the […]

First Mover: Forget Facebook’s Stablecoin. Now It’s $700B Bitcoin in the Crosshairs

January 14, 2021

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Bitcoin’s powerful move over the past couple of months to more than $700 billion in market value is suddenly commanding more attention from global financial regulators. Jan 14, 2021 at 2:05 p.m. UTCUpdated Jan 14, 2021 at 2:32 p.m. UTC First Mover: Forget Facebook’s Stablecoin. Now It’s $700B Bitcoin in the Crosshairs Bitcoin (BTC) was […]

LCX Exchange Gets Licensed in Liechtenstein to Help Banks Create Their Own Digital Assets

January 5, 2021

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Jan 5, 2021 at 2:02 p.m. UTCUpdated Jan 5, 2021 at 2:13 p.m. UTC LCX Exchange Gets Licensed in Liechtenstein to Help Banks Create Their Own Digital Assets Crypto exchange LCX has been granted eight out of the 11 crypto-related licenses in Liechtenstein, expanding its security-token services and allowing the company to continue operating in […]

Ukraine Government Picks Stellar to Help Build National Digital Currency

January 4, 2021

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Jan 4, 2021 at 2:00 p.m. UTCUpdated Jan 4, 2021 at 2:32 p.m. UTC Ukraine Government Picks Stellar to Help Build National Digital Currency Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC). Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar […]

Shenzhen to Double Digital Yuan Giveaway in China’s Latest Lottery Test

January 4, 2021

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Jan 4, 2021 at 9:34 a.m. UTCUpdated Jan 4, 2021 at 2:23 p.m. UTC Shenzhen to Double Digital Yuan Giveaway in China’s Latest Lottery Test Shenzhen, a major Chinese city, is giving residents the chance to win 20 million digital yuan (worth over US$3 million) in its latest “red envelope” giveaway. On Jan. 1, 2021, […]

Crypto Dollars and CBDCs: The Battle to Come

December 31, 2020

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Dec 31, 2020 at 5:00 p.m. UTCUpdated Dec 31, 2020 at 8:05 p.m. UTC Crypto Dollars and CBDCs: The Battle to Come By late 2013, it was clear crypto assets would be the future of finance. It was the first time bitcoin crossed $1,000. To the cypherpunks’ chagrin, central banks around the world began publishing […]

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Category: CBDCs