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BIS Innovation Hub presents its ‘private CBDC’ project

The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its private central bank digital currency (CBDC) initiative, Project Tourbillon. The prototypes built in the project’s framework could allow payment anonymity for CBDC transactions.The 46-page report, published on Nov. 29, explores the concepts of privacy, security

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Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDC Innovation

When considering the design of a CBDC, people will also have to grapple with difficult questions on choice, inclusion and stability, Skingsley said. But "innovation usually takes us to new places and opens up possibilities that were not there until a new technological breakthrough has happened," she added. Source

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Billionaire Mark Cuban eyes blockchain use for real-estate innovation

Tech entrepreneur and billionaire Mark Cuban expressed interest in a transformative crypto real estate project to integrate smart contracts and non-fungible tokens (NFTs) to facilitate construction and urban development. This development follows a proposal by Jason Calacanis, a serial entrepreneur, to build ten new cities across the US, each housing a

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BIS general manager urges central banks to “lead innovation” for CBDCs

Central banks have a responsibility to keep pace with the digital age and lead innovation, Agustín Carstens, general manager of the Bank for International Settlements (BIS), believes.In his opening remarks at a conference in Basel, Switzerland, on Nov. 8, Carstens called central bank digital currencies (CBDCs) the “central element” of

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Madeira announces creation of Bitcoin business hub for innovation

President of the Regional Government of Madeira, Miguel Albuquerque, has announced plans to create a Bitcoin (BTC) business hub to drive regional innovation. The statement was made during a fireside chat with Prince Filip Karađorđević of Serbia on the second day of Bitcoin Amsterdam 2023.Karađorđević expressed interest in the new

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