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Australia's central bank will explore CBDC use cases with a new pilot program in collaboration with the Digital Finance Cooperative Research Centre. The post The Reserve Bank of Australia will explore CBDC use cases with a new pilot program appeared first on The Block.

Only a small number of people will be chosen to participate in the assessment. CBDC retail is the digital form

The real-life pilot study, in limited cooperation with the private sector, will extend the scope of the central bank’s previous CBDC developmental programs. The post Bank of Thailand to embark on pilot study for retail CBDC  appeared first on The Block.

BOT said that it would test retail CBDC on the foundation track and innovation track. Continue reading Central Bank of Thailand Reveals Plan To Test Retail CBDC at DailyCoin.com.

ECB sees biggest potential in the centralized digital currencies. Continue reading European Central Bank: CBDC’s Better For International Payments Than Bitcoin And Stablecoins at DailyCoin.com.

In this episode of The Scoop, Chief Strategy Officer and Head of Global Policy at Circle, Dante Disparte, joins host Frank Chaparro to share what a responsible approach to stablecoin regulation might look like, and why he believes central bank digital currencies are "anti-democratic." The post CBDCs are ‘anti-democratic’ says Circle’s Dante Disparte appeared first on The Block.

The Bank of Japan (BoJ) has announced that it is canceling its central bank digital currency (CBDC) project. Continue reading Japan Cancels CBDC Project, Citing Lack Of Interest From The Public at DailyCoin.com.

Click here to read our crypto digest. Continue reading Crypto Flipsider News – ETH Recovers; McCaleb Empties Wallet; Tencent Shuts down NFTs; Korea Tests CBDC; Fed Hikes Rates at DailyCoin.com.

The existing model’s stability is based on using public money as an anchor. Non-European businesses might gain a monopoly on

Two months after the City of Shenzhen announced the airdropping of 30 million e-CNY central bank digital currency (CBDC), the Shenzhen Chamber of Commerce recorded over 2.6 million signups for its CBDC. The airdrop was announced as a measure to boost consumer spending, in the wake of an economic slowdown during the Covid-19 pandemic. The e-CNY vouchers can be redeemed by the winners with participating merchants on Meituan, a leading Chinese e-commerce platform. According to data from the Shenzhen Municipal Bureau of Commerce, over 67,000 merchants participated in the event, which ran from May 30 to June 19. The event, launched by the Shenzhen Municipal Bureau of Commerce and the Shenzhen Central Sub-branch of the People's Bank of China, covered more than 15,000 offline merchants with digital renminbi payment functions, from supermarket convenience stores to hot pot milk, tea shops, and shopping centers, visited by consumers daily. Also Read: What To Watch On Ethereum's Chart As The Crypto Surges Higher Meanwhile, earlier this week, the City of Fuzhou announced an upcoming airdrop of 20 million e-CNY to its locals, who have cleared their Know Your Customer (KYC) identification and have a local telephone number. The local residents could log into the city’s official "e-Fuzhou" app and enter a drawing for a chance to win 100 e-CNY per airdrop. The CBDCs can be used with over 9,000 registered merchants across the city. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Ripple has been shortlisted in the G20 challenge. Out of 100 teams that participated, 21 teams have been shortlisted. The ...Read More...