Cryptocurrency Analysis and News Portal
At the recent Future Innovation Summit event held in Dubai, Cryptox moderated a panel titled “Stablecoins, Central Bank Digital Currencies and Cross-Border Payments” to explore if CBDCs and stablecoins can coexist and how this would be possible. The panel included Jorge Carrasco, the managing director of FTI Consulting; Nikita Sachdev, the
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Russian president has once again highlighted the importance of an international payment system independent of interference. Russia seems to be making big bets on its digital ruble as Vladimir Putin hopes the digitization would help the country evade U.S. sanctions. Meeting with finalists of the International Financial Security Olympiad, the Russian leader
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Central bank digital currencies (CBDCs) have emerged as a prominent topic in the financial world. They promise elevated stability, security, efficiency, and reduced corruption. Central banks, the International Monetary Fund, the World Economic Forum, and the World Bank tell us CBDCs are a panacea waiting to cure all that ails
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Argentinian presidential candidate Sergio Massa has pledged to launch a central bank digital currency (CBDC) if elected to “solve” Argentina’s long-lasting inflation crisis.“I am clear that inflation is a huge problem in Argentina,” the country’s second-leading candidate said in an Oct. 2 presidential debate, before outlining how he plans to
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The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland concluded a joint test of the cross-border trading and settlement of wholesale central bank digital currencies (CBDCs). The Banque de France issued the report on Sept. 28.The so-called Project Mariana was developed by the Banque
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According to the report, in some countries, central banks are directing their attention toward wholesale CBDCs, which are designed to facilitate the settlement of interbank transfers and other wholesale transactions. Agustin Carstens, the General Manager of the Bank for International Settlements (BIS), has urged countries to take immediate action in establishing
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It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of Bank for International Settlements said. Original Source
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Central Bank Digital Currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national leaders and supranational financial institutions such as the World Bank and International Monetary Fund have
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Minnesota Congressman reintroduces a bill targeting potential CBDC surveillance to uphold US citizens’ financial privacy rights against government monitoring. Minnesota Congressman Tom Emmer reintroduced the CBDC Anti-Surveillance State Act on Sept. 12. The bill aims to protect US citizens’ privacy rights from a potential Central Bank Digital Currency (CBDC). The bill that
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According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report
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