Financial Services Committee approves bill prohibiting CBDC in US
The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the House of Representatives.
The U.S. House Financial Services Committee has approved the CBDC Anti-Surveillance State Act, which will now be put before the House of Representatives.
HSBC and HKUST Business School collaborate on a hypothetical e-HKD pilot to aid Hong Kong Monetary Authority in CBDC development, exploring programmable features and potential retail use cases.
Day 2 of the Philippine Blockchain Week 2023 offers a glimpse of the future of the banking sector, the challenges that lie ahead, and the Philippines' exploration of AI technology.
IMF seeks to guide banking regulators on CBDCs for local economies, emphasizing phased, iterative, and jurisdiction-specific approaches.
While there is a growing list of nations exploring and launching their CBDCs, the U.S. remains negative about creating its own, with officials citing risks to privacy, freedom, and cybersecurity.
The new beta test focuses on interlinking CBDCs to foster cross-border payments, while a second test with 30 banks tests trigger-based payments, foreign exchange models.
The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize CBDC services.
Nokia's parent firm, HMD Global, with Airtel Payments Bank and IDEMIA, is creating offline payment options for the digital rupee, prioritizing users without internet access under RBI's CBDC scheme.
The Reserve Bank of India is planning upgrades for its digital rupee to encourage wider adoption, including offline payments and integration with Unified Payments Interface.
Grab adds Web 3.0 with NFT vouchers for its Singapore market as it eyes expansion in Southeast Asia.
Shandong province aims to become a metaverse hub, investing heavily to attract industry giants and reach a 150 billion yuan valuation by 2025.
YES Bank's UPI integration with RBI's CBDC app advances digital rupee adoption, offering seamless transactions, expanding reach, and setting the stage for further banking transformation.