CBDC
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Central Bank of the United Arab Emirates (CBUAE) Collaborates with Clifford Chance, R3, and G42 Cloud for CBDC Strategy
According to reports, the Central Bank of the United Arab Emirates (CBUAE) has chosen Clifford Chance, R3, and G42 Cloud to assist in implementing its CBDC strategy. The first phas
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US Senators Initiate Anti Bitcoin Campaign and Promote the Establishment of CBDC
According to reports, US Senator Elizabeth Warren recently launched an anti Bitcoin and cryptocurrency campaign and is currently promoting the establishment of a CBDC.
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The Future of Central Bank Digital Currencies: Are “Narrow Banks” on the Horizon?
It is reported that Miguel Fern á ndez Ord ó ñ ez, former governor of the Spanish Central Bank, delivered a speech during the digital euro conference this morning. Ord ó ñ ez state
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#The Future Landscape of Currency: How CBDC and Stable Coins Will Revolutionize the Financial Industry
According to reports, Cathy Fortune, head of the digital department at the Bank of England (BoE), said that a mixed ecosystem of various forms of currency, including CBDC and stabl
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Florida Legislative Proposal May Unintentionally Prohibit Bitcoin
It is reported that last week, Florida passed a legislative proposal aimed at prohibiting the use of the National Central Bank Digital Currency (CBDC) as currency in its state. How
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The Digital Assets Act of 2023: Protecting Consumers and Promoting Investments
According to reports, Australian Senator Andrew Bragg has submitted a private senator bill called the Digital Assets Act of 2023 to protect consumers and promote investors, includi
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The Future of Central Bank Digital Currency (CBDC) in the United States
According to reports, Christopher J. Giancarlo, former chairman of the United States Commodity Futures Trading Commission (CFTC), said that the United States Central Bank Digital C
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Understanding the Digital Euro Association’s White Paper: CBDC, Privacy, and Interaction
On March 28th, a working group of the Digital Euro Association (DEA) released a white paper covering various aspects such as CBDC, privacy, and interaction. The official partner of
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Governor of the Bank of Japan: The future goal is to ensure that CBDC coexists with other forms of currencies
On March 28th, the governor of the Bank of Japan, Yoshihiko Kuroda, stated that ensuring the coexistence of the Central Bank\’s digital currency (CBDC) with other forms of currency
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The Impact of the Decline in Cash Usage and the Rise of Digital Payments on CBDC
According to reports, Signe Krogstrup, President of the Danish National Bank, discussed some of the impacts of the decline in cash usage and the rise of digital payments on the cen
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#Outlining the Article
On March 23, it was announced that the Central Bank of the United Arab Emirates (CBUAE) would implement its Central Bank\’s Digital Currency (CBDC) strategy, known as the Digital Di
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Nigeria Turns to CBDC Amid Cash Shortage: A Closer Look
It is reported that due to a shortage of cash, Nigerians are turning to the country\’s central bank digital currency (CBDC). The Governor of the Central Bank of Nigeria (CBN), Godwi
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#Understanding DefiLlama and its Impact on the CBDC Ecosystem
21:00-7:00 Keywords: DefiLlama, Polygon, SilverGate, CBDC
Overview of important developments overnight on March 21st
##IntroductionSince the emergence of cryptocurrencies and decen -
Florida Governor Ron DeSantis Proposes Ban on National Central Bank Digital Currency (CBDC)
According to reports, a legislative proposal by Florida Governor Ron DeSantis will prohibit the use of the National Central Bank Digital Currency (CBDC) as currency in his state.
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The Future of Central Bank Digital Currency Transactions
On March 14, according to Juniper Research, the total annual value of transactions using the Central Bank Digital Currency (CBDC) will increase from US $100 million to US $213 billion in 2030. In addition, with the development of cross-border CBDC payment system, the proportion of domestic CBDC payment in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%. The global CBDC transaction volume will reach US $213 billion by 2030 Analysis based on this information:According to a report by Juniper Research, the use of Central Bank Digital Currency (CBDC) is projected to increase significantly by 2030. From a mere US $100 million in 2020, the total annual value of transactions using CBDC is expected to reach US $213 billion. This substantial growth can be attributed to the increasing adoption of CBDC by consumers and businesses worldwide. The report also highlights the development of cross-border CBDC payment systems as a significant driving…
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CBDC Development Must Uphold Democratic Values
It is reported that Christopher Giancarlo, the former chairman of the United States Commodity Futures Trading Commission (CFTC), said in an article that the United States “must influence” the development of CBDC to protect “democratic values such as freedom of expression and privacy” and make use of the current technology used by some cryptocurrency protocols. Former CFTC Chairman of the United States: The United States must advocate a CBDC that guarantees high privacy Analysis based on this information:In a recent statement, Christopher Giancarlo, former United States Commodity Futures Trading Commission (CFTC) chairman, emphasized the importance of developing a central bank digital currency (CBDC) that supports democratic values. According to Giancarlo, the development of CBDC must be closely monitored to ensure that it protects individual privacy and freedom of expression. Giancarlo’s statement comes at a time when many countries around the world are considering the creation of state-backed digital currencies. China is already in the advanced stages of developing its own…
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ANZ collaborates with universities to pilot offline CBDC payment through smart cards
It is reported that ANZ is cooperating with two universities to try offline CBDC payment through smart cards, which can load funds and be used like physical ca…
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The Principle of Compensation Model for Incentive Allocation in the Digital Euro
It is reported that Fabio Panetta, President of the European Central Bank (ECB), delivered a speech on digital euro, in which he outlined the current progress …
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The Nigerian People Resist the Adoption of CBDC
It is reported that the Nigerian people recently took to the streets to protest against the cash shortage caused by the policy adopted by the government to pro…
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The Potential Devastating Effects of Digital Euro on German Banks
It is reported that a survey by the Federal Association of German Community Banks (BVR) found that the introduction of digital euro may have devastating conseq…