Central Bank Digital Currency

German banks want commercial banks to lead in digital euro launch
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17 March, 2023

German banks want commercial banks to lead in digital euro launch

Amid the risks, the Association of German Banks recognized the benefits of the digital euro, urging the ECB to allow...
US Fed to launch FedNow instant payment service amid fears it could end CBDC interest
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16 March, 2023

US Fed to launch FedNow instant payment service amid fears it could end CBDC interest

FedNow gives users an instant 24/7 settlement service—part of the key appeal of a CBDC—and is fully endorsed by the...
Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says
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15 March, 2023

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

Christopher Giancarlo, who served as the 13th chair of the Commodity Futures Trading Commission, has called for accelerated digital dollar...
ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’
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15 March, 2023

ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’

In a new document, the European Central Bank breaks down the incentives and compensation of the digital euro, saying it...
SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2
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14 March, 2023

SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2

The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting...
WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption
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11 March, 2023

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

WeChat is lending the central bank a hand to support China's CBDC ambition by integrating the e-CNY in WeChat Pay,...
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