cbdcs
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The Missouri Senate introduced SB 194 on Dec. 1, proposing to ban central bank digital currencies (CBDCs) as legal tender within the state. The bill seeks to prohibit public entities from accepting or using CBDCs and modifies the definition of “money” under the Uniform Commercial Code to exclude these digital currencies.
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Indian regulators are considering banning private cryptocurrencies like Bitcoin and prefer the potential of central bank digital currencies (CBDCs) to offer safer and more inclusive financial systems, according to local media reports.
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Trump Says He’d Oppose CBDCs, Pardon Ulbricht, and Create a ‘Strategic National Bitcoin Stockpile’
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Speaking at the Bitcoin Conference in Nashville, Republican presidential nominee Donald Trump made a number of cryptocurrency-related pledges. In a speech which lasted for over an hour, the 78-year-old former president also criticized his political opponents, touching on topics like inflation, immigration, and his promise to “drill, baby, drill.” But he also made several announcements…
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The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) announced a collaboration focusing on wholesale central bank digital currencies (CBDCs) and the tokenization of financial assets.
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The Middle East and Central Asia can advance financial inclusion and improve cross-border payments through CBDCs, but they must address associated risks, says the International Monetary Fund (IMF).
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Central bank digital currencies (CBDCs) and distributed ledger technology (DLT) could save the central banks’ business model as cash usage continues to dwindle, members of the governing council at the European Central Bank (ECB) said.
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Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs).
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Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version.
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A recent statement by Bank of Japan (BOJ) Governor Kazuo Ueda revealed that only 3.1% of survey respondents were familiar with the concept of a central bank digital currency(CBDC). Another 20% had heard of it but weren’t familiar with it.
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The International Monetary Fund (IMF) believes digital money could transform financial inclusion and cross-border connectivity for Pacific Island countries (PICs). In a recent paper, the IMF recommended central bank digital currencies (CBDCs) and stablecoins but warned against adopting “unbacked crypto assets.”
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Wall Street giant Morgan Stanley believes the rise of Central Bank Digital Currencies (CBDCs) and digital assets like Bitcoin and stablecoins could potentially disrupt the U.S. dollar’s longstanding dominance in the global economy.
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arXivLabs is a framework that allows collaborators to develop and share new arXiv features directly on our website.
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Bank of Korea (BOK) Governor Rhee Chang-yong has called on global banking regulators to hasten the development of central bank digital currencies (CBDCs).
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Econographics November 16, 2023 • 2:55 pm ET CBDCs will further fragment the global economy—and could threaten the dollar By Hung Tran and Barbara C. Matthews
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SWIFT, the world’s dominant international bank wire network, plans to support a new type of Central Bank Digital Currency, a so-called interlinking CBDC. Three central banks are beta testing interlinking CBDCs, along with 30 other financial institutions.