Search results for "CBDC"
05:29

Governor of the Central Bank of Ukraine: Supports the legalization of Crypto Assets but opposes their use as a payment tool.

Gate News bot message, Andriy Pyshnyy, the governor of the National Bank of Ukraine (NBU), recently expressed his support for the legalization of Crypto Assets but opposed using them as a means of payment. According to Cryptonews, Pyshnyy emphasized that the legalization of Crypto Assets should not affect the effectiveness of the Central Bank's monetary policy tools. Pyshnyy also revealed that the NBU is testing the architecture model for digital currency (CBDC) and preparing for pilot projects. Considering Ukraine's European integration process, the NBU is closely monitoring the progress of the digital euro project and has currently collaborated with the European Central Bank, the Deutsche Bundesbank, the National Bank of Belgium, the Banque de France, and the Monetary Authority of Singapore.
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BOT-7.26%
18:24

U.S. White House Releases Comprehensive Report on Digital Assets

Gate News bot message, on January 17, the White House Office of Science and Technology Policy (OSTP) has released a report titled "Technical Evaluation for a U.S. Central Bank Digital Currency System." The report outlines technical design choices for a potential U.S. CBDC system, addressing security
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02:17

The GENIUS Act will undergo procedural voting tomorrow, and CLARITY may be voted on next week.

Odaily News According to reporter Eleanor Terrett, the GENIUS bill will undergo a rules vote tomorrow, and the CLARITY bill is expected to be voted on next week. In addition, provisions against Central Bank Digital Currencies (CBDC) will be included in the National Defense Authorization Act (NDAA). The current vote is only a procedural vote and does not represent the final passage of the bill.
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08:39

The Governor of the Bank of Korea warns: The issuance of won stablecoins by non-bank institutions may lead to chaos in monetary policy.

The Governor of the Bank of Korea, Lee Chang-yong, warned of the risks of non-bank institutions issuing Korean won stablecoins, stating that it could lead to monetary policy chaos and forex regulatory conflicts similar to the "Free Banking Era" of the 19th century. The South Korean financial sector is actively preparing a dual-track plan for the legalization of stablecoins: banks may form joint ventures to issue coins while also engaging in cooperation with non-bank institutions. It is noteworthy that the Bank of Korea has suspended its central bank digital currency CBDC Han River project phase two testing, shifting its focus to observing the stablecoin legislative process and the coexistence model of CBDC/stablecoin/deposit token.
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08:55

Ant Group partners with Circle, its blockchain platform plans to integrate USDC stablecoin.

Ant Group supported by Jack Ma is collaborating with stablecoin issuer Circle to adopt USDC stablecoin on its blockchain platform. The cooperation will advance once USDC meets the U.S. regulatory requirements. This move is a key step for Ant International to expand the application of compliant crypto assets (such as CBDC and deposit tokens). Ant's blockchain processes over $1 trillion in global transactions annually and has partnered with more than a dozen international banks, including HSBC and JPMorgan. Ant International is actively seeking stablecoin licenses in Singapore and Hong Kong, and its independent operations and strong financial performance (nearly $3 billion in revenue in 2024) pave the way for a potential spin-off listing (valuation could reach $24 billion). The global market capitalization of stablecoins is about $250 billion, and the regulatory framework is gradually improving, attracting giants like Walmart and Amazon to explore issuance.
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03:11

Bitcoin (BTC) price prediction: Crypto Assets make their way to Capitol Hill, with BTC expected to yield a return of $110,000.

As the focus shifts from U.S. tariffs to digital assets, Bitcoin (BTC) has also risen. The House of Representatives will review three key cryptocurrency legislations: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. Although lawmakers will vote on these bills during the week of July 14 (Crypto Assets Week), today’s Senate Banking Committee hearing is also significant.
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BTC-1.27%
16:14

The Bank of Canada is exploring the technological path for retail CBDC.

Odaily News Canada’s Central Bank has taken an important step in exploring the technical feasibility of a digital Canadian dollar, proposing a system specifically designed for retail Central Bank Digital Currency (CBDC), focusing on simple everyday payments. It is reported that the Canadian Central Bank team examined the OpenCBDC 2PC model, which was developed in collaboration with the Massachusetts Institute of Technology's digital currency program, prioritizing privacy, speed, and Decentralization, allowing users to hold digital funds directly, just like Digital Cash. (CoinDesk)
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16:04

The chairman of HashKey Group proposed a plan for the integration of the renminbi stablecoin with CBDC.

Gate News bot message, HashKey Group Chairman Xiao Feng recently proposed suggestions on the integration of the Renminbi stablecoin and Central Bank Digital Currency (CBDC). He pointed out that licensed stablecoin issuers can establish CBDC accounts to create a two-tier architecture system. This architecture integrates the Central Bank's technological research and development achievements in the CBDC field on one hand, and on the other hand...
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02:05

The Central Bank of South Korea suspends its CBDC pilot and shifts to a stablecoin project for the banking sector.

Gate News bot news, according to Maeil Business Newspaper, the Central Bank of Korea has suspended its CBDC project ahead of the second round of testing. The reasons for the suspension include an increase in the number of complaints from participating banks and more discussions about the won stablecoin. Currently, KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, IBK Compan
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05:36

Putin promotes digital ruble: Russia sets a timetable for the large-scale promotion of CBDC, which will be implemented in phases starting from September 2026.

Gate News, against the backdrop of the global wave of Digital Money, Russia is accelerating the promotion of its Central Bank Digital Currency (CBDC) - the digital ruble. Recently, Russian President Putin personally called for the widespread use of the digital ruble, and shortly thereafter, the Central Bank of Russia (CBR) quickly announced a detailed timetable for the large-scale promotion of the digital ruble. This series of actions not only dispels previous speculation about the uncertainty of the digital ruble's launch but also marks Russia's firm step towards a new stage of digital finance.
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02:01

The Central Bank of Russia stated that the digital ruble will be launched in September 2026.

According to Gate News bot, as reported by Cryptonews, the Central Bank of Russia claims that the central bank digital currency (CBDC) of Russia - the digital ruble, will ultimately be launched nationwide on September 1, 2026. The bank stated that the largest commercial banks in the country are expected to start offering comprehensive CBDC trading options to their customers from September next year.
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02:54

Russia sets a deadline for the digital ruble to promote widespread adoption by major banks and retailers.

Gate News bot message, with the full adoption of the Central Bank Digital Currency (CBDC) digital ruble in Russia and the approaching new proposed deadline, the Russian retail payment industry is about to undergo a comprehensive reform. According to a report by TASS on June 25, the Central Bank of Russia has submitted a phased implementation plan to the State Duma, requiring banks and merchants to comply with the digital ruble regulations starting from September 1, 2026.
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BOT-7.26%
09:55

The Central Bank of Brazil will launch a credit-focused pilot phase for its CBDC.

Gate News bot news, Brazil's Central Bank announced a new short-term direction for its current Central Bank Digital Currency ( CBDC ) pilot project drex. Central Bank Executive Secretary Rogerio Antonio Lucca emphasized that the third phase of the project and the next phase will focus on tokenization and developing systems that support credit functionalities. Lucca stated, "Customers must have usability and security to ensure that the national financial system can develop services and address issues such as high debt resulting from poor credit quality." One of the executive's proposals is to design a platform that allows customers to clearly inform banks and other financial institutions about their assets, thereby promoting financial inclusion and addressing the issue of poor credit availability.
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BOT-7.26%
BTC-1.27%
06:33

The Bank of Japan calls for increased efforts to promote a cashless society in Japan and follow CBDC.

Gate News bot News: Bank of Japan officials are stepping up their calls to push Japan to keep up with the rapid development of digital currencies, which could accelerate the shift to cashless payments in Japan, where "cash is king". Japan's share of cashless payments rose to 42.8 percent in 2024 from 13.2 percent in 2010, a year ahead of the government's target of 40 percent, according to government data. Despite Japan's global lag in payment technology, the increase in cashless transactions is forcing policymakers to ensure they are prepared to adapt to changing preferences for payment and settlement methods. This includes the issuance of a central bank digital currency (CBDC).
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BOT-7.26%
06:07

The Bank of Japan calls for greater efforts to promote a cashless society in Japan.

On June 11, Bank of Japan officials are stepping up their calls to push Japan to keep up with the rapid development of digital currencies, which may accelerate the transition to cashless payments in Japan, where "cash is king". Japan's share of cashless payments rose to 42.8 percent in 2024 from 13.2 percent in 2010, a year ahead of the government's target of 40 percent, according to government data. Despite Japan's global lag in payment technology, the increase in cashless transactions is forcing policymakers to ensure they are prepared to adapt to changing preferences for payment and settlement methods. This includes the issuance of a central bank digital currency (CBDC). Kazushige Kamiyama, Executive Director of the Bank of Japan, said: "Although the issuance of banknotes in Japan is still high, the use of banknotes is likely to decline significantly in the future with the rapid development of digitalization". "Therefore, Japan must consider what measures it can take now
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01:38

Visa and Chainlink complete CBDC and stablecoin swaps between Hong Kong and Australia.

According to the Gate News bot, Visa and Chainlink have achieved a major milestone in the Hong Kong Monetary Authority's (HKMA) e-HKD+ pilot program, successfully testing (CBDC) using central bank digital currencies and stablecoins for cross-border blockchain transactions. The trial was (Fidelity by Visa in partnership with ANZ Bank )ANZ(, China AMC )ChinaAMC( and Fidelity International International) is one of the first examples of a real-world simulation of programmable money for cross-border investment in tokenized assets. The test uses Chainlink's cross-chain interoperability protocol (CCIP) to connect ANZ Bank's (ANZ) private blockchain, DASChain, with Ethereum (ETH)'s public testnets.
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14:43

Chainlink participates in the e-HKD+ program, facilitating the exchange between cross-border CBDC and stablecoin in Hong Kong and Macau.

PANews, June 9 - According to Chainlink's official statement, its technology is being used in the second phase pilot of e-HKD+, supporting the secure exchange between Hong Kong Central Bank Digital Currency (CBDC) and Australian Dollar stablecoin. Participants include Visa, ANZ, China AMC, and Fidelity, aiming to promote the modernization of cross-border payments.
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09:51

KaiaChain Chairman: Kaia will promote the issuance of the Korean won stablecoin and launch the "Summer of Stablecoins".

PANews June 9 news, KaiaChain Chairman Sam Seo stated on social media that following the launch of the native USDT, the team will fully promote the issuance of the Korean won (KRW) stablecoin on the Kaia Mainnet, claiming "The summer of Kaia's stablecoin has just begun." He also added that Kaia's predecessor Klaytn had participated in the Central Bank's CBDC project, laying the technical foundation for the stablecoin. Driven by this news, the KAIA token rose 17% in 24 hours, priced at 0.124 USD.
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11:34

The Bank of Japan has released the second progress report on the digital yen pilot program, which may consider deploying CBDC on a public chain.

Odaily News Japan's Central Bank has released the second progress report of its Digital Yen pilot program, which reveals that a working group is studying how Central Bank Digital Currency (CBDC) can be integrated with emerging technologies such as Distributed Ledger Technology (DLT). As part of the exploration, researchers are considering deploying CBDC on-chain, although this solution is not feasible at this stage, the potential future direction may involve adopting Layer 2 blockchain solutions with stronger control. It is worth mentioning that shortly after the release of this report, Central Bank Executive Committee Member Kazushige Kamiyama stated that there are currently no plans for the issuance of a Central Bank Digital Currency. (LedgerInsights)
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14:15

UK Reform Party leader Farage plans to introduce an "encryption bill" to transform the UK into a global encryption hub.

Nigel Farage, the leader of the Reform Party in the UK, stated at the Bitcoin conference that if in power, he would promote an "encryption bill," which includes dropping the Capital Gains Tax on crypto investments, establishing regulatory sandboxes, and banning restrictions on crypto payment services, aiming to attract young crypto-friendly voters and align with Trump-style crypto positions. This initiative has propelled the Reform Party's polls beyond the Labour Party, emphasizing that Crypto Assets are a rebellion against government control and opposing the UK's Central Bank's CBDC plans.
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10:10

The State Duma of Russia is drafting a bill to promote the widespread use of digital payments in rubles.

Gate News bot news, more and more countries are introducing Central Bank Digital Currency (CBDC) as part of their payment systems. The State Duma of Russia (equivalent to the lower house of the U.S. Congress) has approved the first reading of a bill aimed at preparing the Russian economy for the introduction of the digital ruble (i.e., the Central Bank's digital currency). The bill was first discussed by the State Duma's Committee on Financial Markets and establishes the concept of a universal QR code, which banks and retailers will adopt to simplify the payment process using the digital ruble. Its promulgation and the date of publication suggest that the digital ruble will be fully launched next year.
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BTC-1.27%
05:50

The Bank of Korea studies the integration of deposit tokens into public chains and tests cross-border payment systems with seven central banks.

According to Gate News bot, News1 reports that Bank of Korea Vice President Lee Jong-ryeol revealed that the Korean Central Bank is studying the integration of "deposit tokens" into the public chain system, while also exploring options for coexistence with private stablecoins. Li Zhonglie mentioned in his speech that if global stablecoins replace fiat currencies, it will pose a threat to monetary sovereignty, policy effectiveness, and financial stability. Currently, the Bank of Korea is collaborating with the central banks of seven countries, including the United States, the United Kingdom, and Japan, through the "Agora Project" to test a cross-border payment system based on CBDC and deposit tokens.
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BOT-7.26%
05:26

The Michigan legislature has introduced four cryptocurrency bills related to pension investments and Bitcoin mining.

According to Gate News bot, Decrypt reports that the Michigan legislature recently proposed four bills related to Crypto Assets. Among them, the HB 4510 bill allows public pensions to invest in Bitcoin through a Compliance ETF; the HB 4511 bill prohibits the state government from supporting or promoting CBDC. In addition, two supporting bills, HB 4512 and HB 4513, aim to support businesses in conducting Bitcoin mining activities using abandoned oil wells and provide tax reduction policies for related enterprises.
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BTC-1.27%
05:22

Michigan has proposed four encryption bills covering Bitcoin pensions, opposition to CBDCs, and incentives for oil well mining.

PANews May 22 news, according to Decrypt, the Michigan legislature proposed four bills related to Crypto Assets on May 22, including allowing public pensions to invest in Bitcoin through Compliance ETF (HB 4510), prohibiting state government support or promotion of CBDC (HB 4511), and encouraging businesses to conduct Bitcoin Mining at abandoned oil wells through two supporting bills (HB 4512, HB 4513) with tax incentives.
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BTC-1.27%
07:10

The International Monetary Fund believes Namibia has reasons for the issuance of retail CBDC.

The International Monetary Fund believes that Namibia does not need to issue retail Central Bank Digital Money, and should prioritize strengthening instant payment solutions to address affordability and interoperability issues. Namibia already has Financial Institutions dedicated to IPS, but the CBDC space is limited. CBDC technology is not yet ready for large-scale promotion, and addressing financial exclusion requires first solving infrastructure and financial literacy issues.
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15:16

German exchange CEO: EU needs a permanent CBDC

Odaily Planet Daily News Deutsche exchange CEO Stephan Leithner has called for the establishment of a permanent digital euro, pointing out that this Central BankDigital Money will play an important role in financial stability, efficiency, and EU autonomy. He believes that the launch of a permanent CBDC is a key element of the EU's digital agenda and an important part of its financial strategy. (Cointelegraph)
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12:06

Survey: 48% of Central Banks plan to issuance CBDC within 5 years

ChainCatcher news, think tank OMFIF has conducted a latest survey on Central Bank Digital Currency (CBDC), finding that nearly three-quarters (72%) of the surveyed Central Banks intend to issuance CBDC. The majority (48% of the respondents) plan to issuance within five years, with 12% of the respondents planning to issuance in the next two years.
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20:24
The US Senate approved the nomination of Scott Bessent by a vote of 68 to 29, replacing Janet Yellen as the Secretary of the Treasury to help formulate US encryption policies. Bessent is a well-known supporter of digital assets, and he will lead a government working group to develop encryption regulatory strategies and oppose the implementation of the Central Bank Digital Currency (CBDC) in the United States. His responsibilities also include managing the financial crime enforcement network, which focuses on enforcing regulations related to encryption currencies in areas such as human trafficking and child exploitation.
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04:14
Hang Seng Bank has launched multiple blockchain-related proof-of-concept projects and solutions with members of the Cyberport community. According to Mr. Wilson Li, Director of Strategy and Corporate Development and Director of the CEO's Office, Hang Seng Bank has completed several blockchain proof-of-concept projects, including research on Central Bank Digital Currency (CBDC) applications, identity verification education information station, community interaction platform, and development of SME information platform.
12:00
At the Frankfurt meeting, Piero Cipollone, a member of the Central Bank of Europe, emphasized the necessity of digital euro (CBDC). He mentioned concerns about stablecoins supporting Trump's push for the US dollar, warning that this could "further weaken the intermediary role of banks".
TRUMP13.53%
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