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The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins.On Feb. 7, the Switzerland-based so-called “bank for central banks” announced its Innovation Hub will "increase
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India launched two CBDC pilots last year. The first, a wholesale CBDC effort (CBDC-W), began on Nov. 1 with the participation of nine banks. The other, a retail CBDC (CBDC-R) pilot, launched on Dec. 1 in four cities – Mumbai, New Delhi, Bengaluru and Bhubaneswar. Initially, four banks, including the
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Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency (CBDC). Under the agreement, a digital form of the Lao
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Apart from the Lunar New Year activities, the Chinese government has been taking steps to improve the use of its CBDC. During the Lunar New Year season, the Chinese government distributed millions of dollars worth of its central bank digital currency (CBDC). The Lunar New Year, also the Chinese New Year
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The RBI is yet to announce when and whether the Digital Rupee will be launched for general use.India’s largest retail chain, Reliance Retail has added support for the country’s Central Bank Digital Currency (CBDC) dubbed the Digital Rupee. As reported by TechCrunch, the company said it had partnered with ICICI
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One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses. In a report by Tech Crunch, the company said central bank digital currency (CBDC) support is already rolled
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By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin continued its comeback over the weekend, as it rallied to a high of almost $24,000.
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Today, the public already accepts some financial privacy invasion. Existing digital payment methods, such as debit and credit cards, bank account transfers and mobile money payments do not have a high degree of privacy – and are growing in market share. Know-your-customer (KYC) measures are necessary to open bank accounts
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The UK Government's economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as "Important, complex, and cross-cutting" and will "require extensive engagement across and beyond the HM Treasury."According to the
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The expert will work on delivering the strategic goals of the UK Treasury within its CBDC ambitions, lead the expanding CBDC team, analyze CBDC policy issues, as well as represent and advance the Treasury’s interests in international engagement on CBDC. The UK Treasury has opened a vacancy for a Head of Central Bank Digital
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