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A community member described CBDCs as a “dystopian nightmare” and argued that they would give governments complete control over individuals.
A major study between the Bank for International Settlements and the Bank of England found that a retail central bank digital currency could make peer-to-peer payments cheaper and easier.
Slovakia’s parliament passed a measure to amend its constitution to codify the right of its citizens to pay for goods and services with cash.
The Guangzhou Housing Provident Fund Management Center has successfully implemented the usage of the Chinese version of the Central Bank Digital Currency (CBDC), commonly known as the digital Yuan,
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.
Bank of Canada, Central Bank of Hungary, Visa, Mastercard and Amazon involved
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public.
A pro-Bitcoin nonprofit says it will flag potential civil liberty concerns as more countries are expected to develop CBDC technology.
United States Treasury official Graham Steele told an audience at a Texas payments conference that a future central bank digital currency in America should consider anonymity.
The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.