central bank digital currency (CBDC)
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The Prospects and Challenges of Central Bank Digital Currency in the United States
According to reports, Federal Reserve Governor Bowman has seen \”some prospects\” for wholesale central bank digital currencies, but it is difficult to imagine the reason for using c
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Merchants in the Euro Area May be Required to Accept Digital Euro
It is reported that a document shows that if the digital euro is regarded as the legal tender, the merchants in the euro area may be forced to accept the digital euro. The document is scheduled to be submitted to finance ministers later Monday. According to the document, giving the central bank digital currency (CBDC) the same status as paper money and coins will mean that its payment can legally fulfill its payment obligations and force it to accept the full face value. European merchants may be forced to accept digital euros Analysis based on this information:A document reveals that the digital euro may become the legal tender in the euro area, leading to the possibility of merchants being obliged to accept it. The central bank digital currency (CBDC) could be granted the same status as physical money, such as paper notes and coins. This means that the value of the digital euro would be equated with physical currency and…
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India’s Central Bank is Exploring Offline Functionality for Digital Rupee
It is reported that Ajay Kumar Choudhary, Executive Director of the Reserve Bank of India (RBI), provided some latest information about the Central Bank of Ind…
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Minnesota Congressman Proposes Limiting Federal Reserve’s CBDC Power
It is reported that Tom Emmer, a Minnesota congressman, proposed a legislation in the House of Representatives that may limit the power of the Federal Reserve …
