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The Treasury Markets Summit 2024, hosted by HKMA and TMA, focused on offshore renminbi business, DeFi, Metaverse, and CBDCs. (Read More)
Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts.
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.
The Hong Kong Monetary Authority (HKMA) has announced the launch of the second phase of its central bank digital currency (CBDC) pilot program, known as e-HKD, according to a Sept. 23 statement. The second phase will delve into advanced use cases for digital money, emphasizing e-HKD and tokenized deposits for individuals and businesses. The first […]
The post Hong Kong monetary regulator launches second phase of CBDC project appeared first on CryptoSlate.
IMF staff members have introduced a high-level four-stage framework emphasizing regulation, education, design and incentives to enhance CBDC adoption.
Canada's central bank has paused its CBDC project, pivoting to research as countries like China and Nigeria advance their initiatives.
Although several central banks worldwide are considering the possibility of introducing a Central Bank Digital Currency (CBDC). A recent poll found that most customers are not keen on utilizing such products. Therefore cash will likely remain in circulation for the foreseeable future. Around 4,850 people from the US, UK, and
Policymakers and financial institutions may find guidance on how to boost the use of central bank digital currencies (CBDCs) in a new guide issued by the International Monetary Fund (IMF). September 21 saw the release of a report titled “Central Bank Digital Currency Adoption Inclusive Strategies for Intermediaries and Users”
Most respondents chose private crypto like BTC over government-backed digital currencies.
Updates on the Bank of Canada’s (BOC) website indicate that the central bank is halting development of CBDC for retail use. Although a wholesale CBDC was not mentioned in the statement, it was stressed that research was ongoing. Since the Bank of Canada has already spent a lot of time
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
Charles Hoskinson plans to meet with Argentina President Javier Milei to discuss how blockchain can rewrite global economic and political systems.
The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.
SWIFT, the global banking communications network, not the wildly popular American popstar, has announced plans to integrate digital assets.
In todays digital era, money is evolving fast. From cash transactions to online payments, the way we handle money has drastically changed. As physical cash becomes less common, especially during the COVID-19 pandemic due to hygiene concerns and cash shortages, more people are turning to digital transactions. Since then, banks
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal.
The deal will see Emtechs CBDC solutions and its regulatory and compliance sandboxes integrated into Accentures offerings.
The anti-CBDC bill was sent to the governor in June, but he vetoed it because it was "premature, vague, and reactionary."
Cryptorphic has made some observations regarding the increasing focus of Donald Trump on cryptocurrencies. The recent announcement by Trump about making the U.S. the crypto capital has created a buzz, but there are concerns over the ethical dilemmas due to conflict of interest. Trump has changed his mind and is now supporting cryptocurrencies and has […]
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