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CBDCs

hong-kong-regulator-launches-sandbox-to-test-tokenized-asset-transactions

Hong Kong Regulator Launches Sandbox to Test Tokenized Asset Transactions

Leave a Comment / Bitcoin, CBDCs, central bank digital currencies, Crypto Hacked, Cryptocurrency, Ethereum, Featured, Innovation, Regulation, sandbox, The Hong Kong Monetary Authority, tokenized assets / / / , , , , , , ,

The Hong Kong Monetary Authority has launched a sandbox to test the use of tokenized assets in real-world scenarios. The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies. The HKMA will collaborate with other regulators and industry players to support the development of Hong Kong’s tokenization market. Testing Tokenized […]

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UAE and UK Accounting Bodies Partner to Shape Digital Finance Future

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The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the United Arab Emirates (UAE) Banks Federation to help businesses understand and adapt to the digital asset landscape. The partnership aims to support the UAE’s position as a global leader in digital finance. However, challenges such as the lack of standardized accounting

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china-and-kazakhstan-sign-cbdc-collaboration-agreement

China and Kazakhstan Sign CBDC Collaboration Agreement

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The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan, aims to enhance CBDC research through joint initiatives and professional development. China and Kazakhstan to Collaborate on Central Bank Digital Currencies

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taiwanese-central-bank-to-test-cbdc,-not-race-to-it

Taiwanese Central Bank to Test CBDC, Not Race to It

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Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international competition, and being the first to launch does not guarantee success. He disclosed that the Central Bank of the Republic of China (Taiwan) will conduct three scenario tests for the digital New Taiwan Dollar. Despite no current

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imf:-cbdcs-can-boost-financial-inclusion-and-payment-efficiency-in-middle-east

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

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The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks

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bis-survey:-94%-of-central-banks-exploring-digital-currency

BIS Survey: 94% of Central Banks Exploring Digital Currency

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The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks

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russia-to-work-with-digital-currencies-of-other-nations

Russia to Work With Digital Currencies of Other Nations

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The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of

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cbdc-debate-heats-up:-bis-project-sparks-controversy-among-critics;-lynette-zang-warns-of-dangers-of-cbdcs

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

Leave a Comment / Atlantic Council, BIS, Bitcoin, Bitcoin Policy Institute, cash replacement, Cashless Society, CBDCs, Central Banks, commentary, conspiracy theory, controversy, Crypto Hacked, Cryptocurrency, Decentralized, Digital Currency, Ethereum, Featured, Federal Reserve, Fednow, financial system, Florida Governor, government control, ITM Trading, James Miller, Keynesian economist, Kitco News, lightning network, Lynette Zang, Michelle Makori, Monetary System, Natalie Smolenski, negative rates, nonpartisan, Nonprofit, Organization, Paul Krugman, political influencers, Project Icebreaker, Ron DeSantis, senior fellow, Signature Bank, Silicon Valley Bank, Social Media, surveillance economy, totalitarianism, Woke Money / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take the world into a full

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs Read More »

dollar-to-play-lesser-role-due-to-its-weaponization,-digital-currencies,-economist-jeffrey-sachs-says

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

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Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and

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US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

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On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and

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