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The legislation will now move to the upper chamber of the Russian Federal Assembly and, if passed, to the president’s desk.
The bank plans to enable users to make phone payments by integrating its digital yuan app with specialized “super SIM cards” with near-field communication capabilities.
China may have banned the use of cryptocurrencies, but stablecoins might have a role to play in the proliferation of its national currency.
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks.
Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil’s pilot CBDC has found code that would allow accounts to be frozen or drained at will.
G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.
Wholesale CBDC project tested 24/7 payment and settlement
93% of central banks are already conducting research on central bank digital currencies.
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
Over 90% of central banks now working on a CBDC project, survey finds
An innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform.
The Innovation Center of the Federal Reserve Bank of New York (NYIC) has successfully completed its proof-of-concept of a regulated liability network (RLN), which was carried out in collaboration w