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Central Bank Digital Currencies

All articles tagged with #central bank digital currencies

cryptocurrency2 years ago

"Bitcoin's Price Dips Below $39K in First Mover Americas"

Bitcoin slips below $39,000, hitting its lowest level since December, as institutional sales from newly launched ETFs continue to weigh it down, causing average declines in the broader crypto market. FTT, the native token of bankrupt crypto exchange FTX, rises as much as 11% after FTX's bankruptcy estate dumps 22 million shares of Grayscale's GBTC bitcoin ETF. Meanwhile, Donald Trump reiterates his opposition to central bank digital currencies at a rally in New Hampshire, crediting former Republican candidate Vivek Ramaswamy for the policy.

via CoinDesk|
#bitcoin#central-bank-digital-currencies#cryptocurrency
cryptocurrency2 years ago

Challenges and Opportunities in Adopting Central Bank Digital Currencies

Mastercard's blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, stated that the widespread adoption of central bank digital currencies (CBDCs) is currently difficult due to the lack of justification and consumer comfort with existing forms of money. While CBDCs are seen as a safe and low-cost alternative to cash, building the necessary infrastructure takes time and effort. Venkateswaran highlighted the importance of understanding the specific needs and problems of each country before implementing a CBDC, as it may not be necessary for countries with efficient payment systems. Mastercard recently completed testing of its retail CBDC solution in Hong Kong's e-HKD pilot program, while Singapore announced plans to pilot wholesale CBDCs from 2024.

via CNBC|
#cbdcs#central-bank-digital-currencies#cryptocurrency
finance2 years ago

Central Bank Digital Currencies: Evaluating Their Value

The European Central Bank's move towards launching a digital euro has put the spotlight on central bank digital currencies (CBDCs) and their potential benefits. While CBDCs are seen as a way to modernize payments and provide an alternative to physical cash, questions remain about their advantages and concerns about privacy and cyber security. The ECB's pilot program could serve as a global blueprint, but the success of CBDCs will depend on addressing these issues and proving their worth in the financial system.

via Yahoo Finance|
#central-bank-digital-currencies#digital-euro#european-central-bank
finance2 years ago

The Future of the US Dollar: Uncertainty and Speculation.

The US dollar's dominance in international trade and finance may be waning, as the greenback's sharp appreciation last year has reversed over the past six months. The talk of "de-dollarization" has intensified, with analysts forecasting more competition for the buck in trade and global reserves. However, many currency strategists and economists have pushed back against the notion that the dollar is anywhere close to shedding its reserve status, citing its dominance in global trade and as a widely used reserve asset by central banks. Despite the challenges, the US dollar remains the undisputed king in international trade, with no currencies matching its liquidity, ease of convertibility, and credibility.

via MarketWatch|
#central-bank-digital-currencies#de-dollarization#finance