News with the tag "CBDC"

Europe needs to embrace a digital version of its currency (or a digital euro) to stand strong against the rising popularity of stablecoins and the widespread use of payment systems from the United States. That’s the message from Philip Lane, the Chief Economist at the European Central Bank (ECB). Ac...

Key Takeaways: The ECB alerts that the role of central bank money may be threatened by the fall in cash usage and the development of private digital currencies. Other people’s digital money and stablecoins are thought of as potential threats to Europe’s capacity for controlling its financial system ...

The chief economist at the European Central Bank (ECB), Philip Lane, said Europe needs a digital euro to counter the foothold that dollar-linked stablecoins and U.S. electronic payments systems are gaining in region's the financial system. The prevalence of electronic payments provided by Big Tech f...

In a significant development, the Bank of Korea has unveiled its central bank digital currency (CBDC) pilot program, dubbed “Digital Test Project Hangang.” The Bank of Korea, in partnership with seven major banks, is set to launch the pilot program next month, with a planned duration of about three ...

Get ready for a major leap in the world of digital currency! South Korea is stepping up its game, and it’s big news for anyone interested in the future of finance. The Bank of Korea (BOK) is all set to launch its Central Bank Digital Currency (CBDC) pilot program, and it’s got a catchy name – ‘Hanga...

The Central Bank of Russia has piloted a testing program in the Tatarstan region to test smart contracts for the digital ruble. The Central Bank of Russia has approached the Tatarstan region with a proposal to help pilot the digital ruble, with a specific focus on testing smart contracts, as origina...

The world of cryptocurrency is buzzing with anticipation as the U.S. House Financial Services Committee has officially commenced discussions on stablecoins . This marks a potentially pivotal moment for the digital asset landscape, signaling a deeper dive into regulatory frameworks that could shape t...

The European Central Bank (ECB) plans to launch the digital euro, with the testing phase set to end by October 2025. ECB President Christine Lagarde and her team are working with stakeholders to move the project forward, despite concerns from lawmakers and the public. Digital Euro on Track for 2025 ...

On Mar. 9, 2025, it was revealed that Mark Carney will replace Justin Trudeau as the Liberal Party’s leader and Prime Minister of Canada. Is this a victory for the Canadian crypto community? Table of Contents Who is Mark Carney Carney’s stance on crypto in the past years What does Carney think of cr...

Get ready for a potential shake-up in the world of digital finance! Israel has just dropped the first glimpse of its very own central bank digital currency (CBDC), the Digital Shekel. This isn’t just another digital payment system; it’s a bold step towards transforming how Israelis handle money. Let...