CBDCs

A new category of financial institution is beginning to take shape as decentralized banking models, or "deobanks," position themselves between traditional banks and fintech firms. The shift, industry leaders say, could redefine competition in global finance over the next decade. "Banks offer trust...

In response to the rising influence of U.S. dollar-pegged cryptocurrencies, a Chinese Communist Party-backed publication called on China to accelerate its stablecoin development and expand the international currency status of the Chinese Yuan. What Happened: An op-ed published in Study Times...

Former President Donald Trump seems to have softened his stance on Bitcoin (CRYPTO: BTC) following his criticism of central bank digital currencies (CBDCs). What Happened: During a Wednesday television appearance on Fox News, “The Ingraham Angle,” Host Laura Ingraham asked Trump if he...

One of the most important names in the world of finance is European Central Bank President Christine Lagarde. The words of Lagarde are often used to get a read on the overall financial health of nations in Europe and can serve as guidance for worldwide financial recommendations. Although Lagarde is...

Ashok Venkateswaran, Mastercard Inc.'s (NYSE: MA) lead for blockchain and digital assets in Asia-Pacific, on Friday asserted the current landscape doesn't provide sufficient grounds for the widespread adoption of central bank digital currencies (CBDCs), making broad...

Central Bank Digital Currencies (CBDCs) will epitomize the anti-crypto movement unless they are designed with ingrained security measures protecting users' privacy, Elusiv co-founder Julian Deschler said on Monday, amid sparked fervent discussions about their potential...

During the deliberation of the CBDC Anti-Surveillance State Act (H.R. 5403) in the US House of Representatives Financial Services Committee on September 20. The bill sought to address the critical issues surrounding central bank digital currencies (CBDCs), such as the privacy of...

The rise of Central Bank Digital Currencies (CBDCs) and blockchain technology is signaling a transformative era for the global banking sector. That's according to Anatoly Aksakov, Chair of Russia’s parliamentary financial committee. "The traditional role they played will gradually...

Presidential candidate Francis Suarez, who is also a Mayor of Miami, said he would be open to accepting Bitcoin (CRYPTO: BTC) as part of his salary if elected as President.  What Happened: During a podcast interview with The Block, Suarez stated, “I would potentially even take my salary...

The old ways and new ways of managing one’s money are merging. As stablecoins and pegged digital currencies gain traction, it’s becoming a challenge to separate the two financial systems. With e-commerce sales projected to reach $6.3 trillion by 2023, and over 70% of people banking...

By the close of this decade, as many as 15 central bank digital currencies (CBDCs) might be operational worldwide, according to a survey conducted by the Bank for International Settlements (BIS). The Switzerland-based institution, which is under the ownership of 63 central banks accounting...

A leading National Football League player has shown early support for a presidential candidate ahead of the 2024 election. Here’s who quarterback Aaron Rodgers is supporting and how one important platform plays into the potential support.  What Happened: The 2023 NFL offseason has seen...

Benzinga is cordially inviting new British Prime Minister Rishi Sunak to its Future of Crypto event on Dec. 7 in New York City. Founded in 2009 by CEO Jason Raznick, Detroit-based Benzinga is one of the largest content providers to global brokerages and media houses. A leader in the cannabis...

Australia's central bank has launched a one-year research program for a central bank digital currency (CBDC) to find out the potential economic benefits it might bring. What Happened: The Reserve Bank of Australia (RBA) said it has partnered with a government-backed industry group, the...

Cryptocurrencies found a key mention in the Union Budget of India for 2022-23 — a highly-followed event where the country’s central government lays out its financial plan for the next fiscal year. India’s Minister of Finance and Corporate Affairs Nirmala Sitharaman announced...