The retail e-rupee – or the Central Bank Digital Currency-retail (CBDC-R) – is essentially a digital version of cash. It is legal tender issued by the Central Bank but in electronic form. The e-rupee is issued in the same denominations as currently available banknotes and coins. You ca...
One of the most popular cryptocurrencies,Ripple (XRP), was originally seen by many as a way to replace the old SWIFT system. However, SWIFT may end up being another crypto from theTerraecosystem or a Central Bank Digital Currency (CBDC). ...
A critic said the digital public infrastructure (DPI) will be“a mechanism for surveillance and control""that combines digital ID, central bank digital currencies [CBDC], vaccine passports and carbon footprint tracking data, paving the way for 15-minute smart cities, future lockdowns and systems...
Deciphering diverse objectives in CBDC development CBDCs represent a unique category within the universe of digital assets. As a digital form of central bank money, CBDCs are issued and regulated by a nation’s central bank, making them fundamentally different from cryptocurrencies like Bitcoin or Eth...
In an extreme case, a government could make money expire after a certain period of time, or control how money is spent. A proposed CBDC pilot in Thailand plans to give citizens digital money to test but they can only buy things close to their residence....
International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who is also responsible for the country’s central bank digital currency work, revealed that the monetary authority will have greater control over the population’s money once its CBDC is rolled out...
tokenized deposits and settlement coins, numerous central bank digital currency (CBDC) pilots, settlement of digital bonds on public ledgers, tokenization of private funds, intraday repo transactions occurring on the blockchain, and expansion of numerous use cases supporting payments and money movement....
While the e-CNY’s impact on the global financial order is uncertain, it underscores China’s efforts to internationalize its currency. The US Federal Reserve is alsoresearchingCBDC systems for large-value cross-border transactions, reflecting a broader trend in exploring digital currencies for intern...
The current financial infrastructure is a complex system of many entities. Conducting transactions between financial institutions takes time and money because they work in different technological systems and regulation regimes. The main advantage of digital money is that it speeds up transaction speeds and...
The Digital Ruble is a central bank digital currency (CBDC) commissioned by Russian President Vladimir Putin. It is not a cryptocurrency like Bitcoin, as it is issued by the government and represents the official currency of the nation, the ruble. ...