CBDC on Blockchain (@cbdc_blockchain) 's Twitter Profile
CBDC on Blockchain

@cbdc_blockchain

CBDCs are government-backed digital currencies on blockchain to expand accessibility to financial services and lower the maintenance costs of monetary systems.

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calendar_today26-03-2011 18:04:51

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Market Worst Feeling (@marketfeeling) 's Twitter Profile Photo

Clear leaders in the CBDC drive have been emerging. Pioneers like China, the Bahamas and Nigeria are seeing usage of their e-currencies pick up, Trump's digital dollar ban gives China and Europe's CBDCs free rein reuters.com/markets/curren…

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Weak Japan, Chinese currencies 'unfair' to U.S., Trump says Solution to weak-currency policies is tariffs, Trump says Japan says it is not adopting policies to directly weaken yen China keeps guiding yuan firmer reuters.com/markets/curren…

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Experiment Studies Applications of Blockchain Technology in Facilitating Efficient Cross-Border Wholesale Digital Currency Payments newyorkfed.org/newsevents/new…

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Near Real-Time Settlement: Each simulated payment scenario achieved end-to-end settlement in under thirty seconds on average. This enabled participants to be notified of a payment’s success in a matter of seconds. newyorkfed.org/aboutthefed/ny…

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New York Fed and Monetary Authority of Singapore Collaborate to Explore Potential Enhancements to Cross-Border Payments Using Wholesale CBDCs newyorkfed.org/newsevents/new…

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Advances in Digital Currency Experimentation November 04, 2022 Michelle Neal, Executive Vice President and Head of Markets Remarks at the Singapore FinTech Festival, Singapore newyorkfed.org/newsevents/spe…

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Preserving wholesale CBDC options The current version of the Anti-CBDC bill has refined its language to block only retail central bank digital currencies. ledgerinsights.com/anti-cbdc-surv…

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The legislation defines a central bank digital currency as “a form of digital money or monetary value that is (i) denominated in the national unit of account; (ii) a direct liability of the Federal Reserve System; and (iii) widely available to the general public.”

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The two primary categories of CBDCs are - retail designed for households and businesses - wholesale CBDCs are designed for financial institutions and operate similarly to central bank reserves. en.wikipedia.org/wiki/Central_b….

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US support dollar-backed stablecoins and oppose CBDCs. European arguing that CBDCsin provide financial stability, while stablecoins create risks. - both CBDCs and stablecoins impact the global role of the US dollar. atlanticcouncil.org/blogs/econogra…