The Bank of England has called on British banks to accelerate the development of faster day-to-day digital payment methods using pounds. This move aims to maintain control over money in an increasingly cashless society and keep pace with international advancements…
Going Head to Head with Bitcoin Vs CBDC, Which Should BRICS Go for?
In response to BRICS nations’ recent push for Central Bank Digital Currencies (CBDCs), VanEck advisor Gabor Gurbacs advocates for Bitcoin (BTC). So, this strategic move aims to strengthen financial sovereignty, challenging the dominance of the U.S. dollar. furthermore, Gurbacs argues…
Trump and Emmer Oppose CBDCs, A New Era in US Digital Currency Debate
In a remarkable convergence of political trajectories, House Majority Whip Tom Emmer and former President Donald Trump have vocalized a unified stance against the introduction of central bank digital currencies (CBDCs) in the United States. This alliance represents a significant…
De-dollarization: The Impact of Digital Assets and CBDCs on Global Currency Dynamics
In recent times, the concept of de-dollarization has gained significant traction as the world grapples with the evolving dynamics of global finance. The rise of emerging economies collectively known as BRICS, coupled with the mounting U.S. debt and the weaponization…
Donald Trump’s Firm Opposition and the Escalating Debate Over U.S. Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC) in the United States has escalated, capturing the attention of prominent political figures, financial institutions, and the public. Former President Donald Trump’s vehement opposition to the CBDC during a campaign event in New Hampshire highlights…
IMF, World Bank, and BIS are engaging in collaborative efforts to explore applications of tokenization
The International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), and Switzerland’s central bank have joined forces in an innovative collaboration to explore the concept of tokenization. This strategic partnership aims to harness the power of tokenization technology…
Mastercard engages in simulation of CBDC in a controlled environment.
Mastercard, the global payments giant, has announced the successful completion of a digital Hong Kong Dollar (e-HKD) pilot program. The program showcased the efficacy of Mastercard’s Multi-Token Network (MTN) solution in settling Web3 transactions involving decentralized applications and digital assets,…
Altcoins at a Glance – The Latest on XRP, PayPal, Safemoon and CBDC’s
Good day crypto investors. For this edition of Altcoins at a Glance, we have news about CBDCs, Andreessen Horowitz’s crypto index platform, PayPal under the SEC’s microscope, and the charge against Safemoon. We know that time is gold so we…
6 Swiss National Bank Partner to Pilot Wholesale CBDC Issuance in Switzerland
In a bold move towards digital financial innovation, SIX, the Swiss National Bank (SNB), and six prominent commercial banks have joined forces to launch an ambitious pilot project called Helvetia Phase III. This groundbreaking initiative focuses on the development and…
Digital Yuan CBDC Utilized for First Time in Cross-Border Oil Settlement
The digital yuan, China’s central bank digital currency (CBDC) also known as the e-CNY, has achieved a significant milestone by being utilized for the first time in settling an oil transaction. The Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced…