insights from a discrete choice experiment in Austria
Summary Focus Central banks worldwide are researching and developing retail central bank digital currencies as a secure, widely…
#NewsBeep #News #Headlines #centralbankdigitalcurrency(CBDC) #consumeradoption #discretechoiceexperiment #Latvia #LV #paymentpreferences
https://www.newsbeep.com/245566/
> This week, conservatives pushed to tie the #CLARITYAct with the controversial #AntiCentralBankDigitalCurrencySurveillanceStateAct, which would prohibit the #FederalReserve from issuing a #centralBankDigitalCurrency. Conservatives said the Senate's #stablecoin bill and the broader market structure legislation were insufficient because it would allow for a #CBDC, which they opposed.
https://www.cbsnews.com/news/house-vote-crypto-genius-act-stablecoin-regulations/
#crypto #cryptocurrency #bitcoin #btc #money #finance #uspol #politics #GENIUSAct
The GENIUS Act is the first major crypto legislation ever passed by Congress.
Bank of Korea Governor Rhee Chang-yong stressed that won-based stablecoins must be stable and comply with FX regulations, while the central bank advances digital currency infrastructure and supports government structural reforms.
How to make digital currency widespread? Learn from #Cambodia
Cambodia introduced Bakong in October 2020 -- at nearly the same time as the Bahamas' sand dollar -- as one of the world's first CBDCs. It initially struggled in much the same way as the digital yuan, with private-sector QR code-based platforms already well entrenched. Only about 1.5 million people, or less than 10% of the population, had Bakong wallets at the end of 2021.
This changed with the adoption of KHQR, a standardized QR code payment system that made Bakong compatible with private-sector payment platforms. The number of Bakong holders jumped to 8.5 million at the end of 2022, with 1.5 million stores accepting the digital currency.
#Currency #DigitalCurrency #CBDC #CentralBankDigitalCurrency #Finance #DigitalFinance
Happy Thursday, Friends! Is there a recent example of an implementation of #CentralBankDigitalCurrency (#CBDC)? What are the results of any recent implementation? Can we expect good things in general from the implementation of CBDCs in economies around the world? Can we have faith in #CBDCs?.
#fed #DigitalCurrency #aviationindustry #centralbank
https://www.linkedin.com/pulse/aviation-heres-cbdc-action-orlando-o-spencer-i--hsp3c
In continuation of our discussion on Central Bank Digital Currency (CBDC) This time we are looking at a CBDC that has been implemented and get a sense of its success or failure within that economy. Readers of this newsletter would undoubtedly come to the conclusion that there are two opposing camps
The European Central Bank moves the 'digital euro' to the next phase.
The EU has been looking into the feasibility of a digital euro currency project, moving plans into the "preparation phase" starting in November.
A decision on the launch of such a currency has not been made.
https://www.dw.com/en/european-central-bank-moves-digital-euro-to-next-phase/a-67143744
#Europe #EU #ECB #Euro #DigitalEuro #CentralBankDigitalCurrency #CBDC
Deepest condolences to people of #Russia, having heard that in less than one week their country will be formally adopting a #CentralBankDigitalCurrency, 'CBDC' for short.
If it's any consolation #Australia has had a #CBDC in the form of all our banks' and most online businesses' HTTPS unencrypted at CloudFlare, Amazon and Akamai. At least your government is screwing you openly.
This doesn't make it any less awful, though.
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