The central banks of Canada, Brazil, the U.S., and Mexico have identified crypto-associated risks. However, they have cautioned against unreasonably exorbitant regulations. A new study by The Bank for International Settlements (BIS)…
Category: CBDC
Hot Crypto Stories on X – TRON Founder Invites PayPal to Issue Its Stablecoin on the Network
As expected, the most discussed topic on X over the last few days was the announcement from PayPal regarding the launch of the firm’s dollar-pegged stablecoin dubbed Paypal USD or PYUSD. The…
PayPal Unveiling PYUSD Stablecoin Could Trigger Competition and Regulators’ Action
PayPal’s announcement of entry into the stablecoin segment reignites excitement to levels mirroring the BlackRock application for Bitcoin exchange-traded fund (ETF). Such is evident with the unveiling of PYUSD stablecoin triggering active…
Bank of Canada, Canadians ‘Weak Incentives’ to Utilize Central bank digital currency (CBDC)
A central bank discussion paper established that most Canadians have a reason to utilize a central bank digital currency since they have minimal trouble accessing financial services. A new paper from the…
Joe Rogan and Malone Slams CBDC Idea in United States
At present, CBDCs are common talking points among U.S. citizens, with rappers, comedians, and presidential candidates airing opinions concerning them. A podcaster and commentator, Joe Rogan, criticized having a U.S. CBDC. According…
Central Bank of Brazil Announces the Name of Its CBDC
The Central Bank of Brazil has finally revealed the official name of its CBDC (Central Bank Digital Currency). It will be called DREX. The announcement was made on the institution’s Youtube channel…
All You Need to Know About India’s CBDC e-Rupee
Since the start of the year, India’s CBDC (Central Bank Digital Currency), popularly known as e-Rupee, has made headlines in financial news. Announced last year by Nirmala Sitharaman, India’s Finance Minister, e-Rupee…
BIS Warns Widespread Crypto and Stablecoins Usage May Trigger Financial Instability
The Bank for International Settlements (BIS) warns that the widespread use of cryptocurrencies and stablecoins as payment may trigger financial instability. The survey shows that 24 central banks are interested in launching…
Singapore-based DBS Bank Declares Supporting China’s CBDC
The leading Southeast Asian Bank confirmed it facilitates its customers to execute e-CNY payments. The bank unveiled a new payment solution in support of China’s efforts to introduce digital yuan (E-CNY). The…
Ex-Ripple Executive Consider CBDCs as Solving Future Problems
The executive leading Australia’s central bank digital currency (CBDC) pilot Dilip Rao admitted they are destined to solve challenges yet to emerge. The former executive at Ripple Labs ruled out that CBDCs…
What is a Central Bank Digital Currency (CBDC)? – A Complete Beginner’s Guide
As the name suggests, a Central Bank Digital Currency (CBDC) is a digital version of a country’s fiat currency. This article aims to discuss all the important aspects of CBDCs. Also, you…