Societe Generale Conducts Blockchain-Based Repo Transaction With French Central Bank
SocGen is claiming bragging rights as the first to conduct an on-chain repo transaction with a European central bank.
CBDCs
UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
Swiss National Bank and SDX Delve Deeper Into CBDCs, Tokenized Securities
The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.
IMF Says CBDCs Could Boost Middle East’s Financial Inclusion, Payment Efficiency
Central bank digital currencies (CBDCs) may not be essential to achieving intended policy goals, instead addressing underlying constraints and improving other digital payment systems may be a more practical alternative, a survey of 19 central banks in the Middle East and Central Asia (ME&CA) region by the International Monetary Fund’s (IMF) has said.
More Central Banks Are Exploring a CBDC, BIS Survey Finds
There’s a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
Israel’s central bank is launching a challenge on the use of a central bank digital currency in payments as part of an “action plan for a possible issuance of the digital shekel.”
U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC
U.S. Capitol Building (Louis Velazquez/Unsplash)
U.S. Congressman warns CBDCs ‘threaten to destroy the American way of life’
Congressman Tom Emmer spoke in the House of Representatives against Central Bank Digital Currencies (CBDCs), warning they are surveillance tools. … Continue reading
The post U.S. Congressman warns CBDCs ‘threaten to destroy the American way of life’ appeared first on Finbold.
Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. … Again
Another group of Republican lawmakers has introduced legislation to block efforts to introduce a digital dollar.