Tag #Cbdc

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kathimerini.gr

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Sep 20, 01:18

Eurozone Finance Ministers Agree on Key Steps for Digital Euro

Eurozone finance ministers reached a key agreement on the creation of a digital euro, aiming to counter the rise of US stablecoins, with a broader agreement potentially reached by 2025, although the European Parliament remains hesitant.

Eurozone Finance Ministers Agree on Key Steps for Digital Euro

Eurozone finance ministers reached a key agreement on the creation of a digital euro, aiming to counter the rise of US stablecoins, with a broader agreement potentially reached by 2025, although the European Parliament remains hesitant.

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What immediate impact does this Eurozone agreement on the digital euro have?

The agreement establishes a framework for the digital euro, including limits on holdings. This signifies progress toward countering the influence of US-based stablecoins and reducing reliance on American payment companies like Visa and PayPal. A full agreement among member states could be reached by 2025.

tr.euronews.com

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Sep 5, 01:18

ECB Official Assures Profitability of Digital Euro for Payment Providers

European Central Bank (ECB) Governing Council member Piero Cipollone assured members of the European Parliament that the digital euro will be profitable for payment service providers, based on current information, while acknowledging ongoing debates regarding its implementation and potential challen...

ECB Official Assures Profitability of Digital Euro for Payment Providers

European Central Bank (ECB) Governing Council member Piero Cipollone assured members of the European Parliament that the digital euro will be profitable for payment service providers, based on current information, while acknowledging ongoing debates regarding its implementation and potential challen...

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What are the main arguments for and against the implementation of the digital euro, based on the statements made by ECB officials and MEPs?

Cipollone asserts the digital euro's profitability for payment providers and its role as a safety net during crises, ensuring reliable payments even if private systems fail. However, MEP Navarrete questions the digital euro's necessity, citing the lack of successful retail CBDCs in other leading economies and concerns about financial stability risks and unclear cost-benefit ratios. He advocates for a focus on wholesale CBDCs instead.

forbes.com

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Jul 17, 01:10

GENIUS Act: House Failure, White House Support, and the Future of the Digital Dollar

The House initially failed to advance the GENIUS Act, which would allow banks to issue dollar-backed tokens, but it is likely to pass with White House support; this is crucial for U.S. competitiveness in AI, energy, and global trade.

GENIUS Act: House Failure, White House Support, and the Future of the Digital Dollar

The House initially failed to advance the GENIUS Act, which would allow banks to issue dollar-backed tokens, but it is likely to pass with White House support; this is crucial for U.S. competitiveness in AI, energy, and global trade.

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Decent Work and Economic Growth

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What are the immediate economic and geopolitical consequences of the GENIUS Act's potential passage or failure?

The House failed to adopt the rule for the GENIUS Act, a bill aiming to license banks to issue dollar-backed tokens, but it's likely to advance with White House support. This act is crucial for U.S. economic competitiveness, particularly in AI and energy sectors, by enabling faster transactions and leveraging the dollar's dominance.

forbes.com

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Jun 5, 19:14

Blockchain Revolutionizes International Trade Finance

Multiple central banks and financial institutions are piloting blockchain-based trade finance solutions, including tokenized assets and cross-border payments, aiming to improve efficiency and transparency in international trade.

Blockchain Revolutionizes International Trade Finance

Multiple central banks and financial institutions are piloting blockchain-based trade finance solutions, including tokenized assets and cross-border payments, aiming to improve efficiency and transparency in international trade.

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What are the main advantages of using programmable finance for trade compared to traditional methods?

These initiatives represent a shift from traditional, paper-based trade finance systems to programmable finance, leveraging smart contracts and blockchain technology to automate processes and reduce reliance on intermediaries. This reduces friction, cost, and settlement lag in international trade.

forbes.com

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Mar 14, 13:12

Record-Breaking $1.5 Billion Crypto Theft by North Korean Hackers

North Korean hackers stole $1.5 billion in cryptocurrency from ByBit, cashing out $300 million—the largest theft in history—highlighting the challenges of regulating anonymous digital assets and their use in funding illicit activities like North Korea's ballistic missile program.

Record-Breaking $1.5 Billion Crypto Theft by North Korean Hackers

North Korean hackers stole $1.5 billion in cryptocurrency from ByBit, cashing out $300 million—the largest theft in history—highlighting the challenges of regulating anonymous digital assets and their use in funding illicit activities like North Korea's ballistic missile program.

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How does the use of anonymous cryptocurrency transactions contribute to criminal activities, and what are the broader implications for financial regulation?

The theft highlights the challenges of regulating cryptocurrency. Anonymous transactions facilitate criminal activity, as seen with North Korea's use of crypto for its ballistic missile program, which has accumulated over $6 billion in stolen cryptoassets since 2017. This incident underscores the need for a balance between user privacy and security against illicit activities.

cincodias.elpais.com

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Jan 10, 10:08

Tokenization and Project Agorá: Revolutionizing Cross-Border Payments

Tokenization, using DLT and smart contracts, digitizes financial assets, simplifying transactions and automating processes; Project Agorá, a global initiative, aims to build a cross-border wholesale payment prototype using tokenized money from commercial and central banks.

Tokenization and Project Agorá: Revolutionizing Cross-Border Payments

Tokenization, using DLT and smart contracts, digitizes financial assets, simplifying transactions and automating processes; Project Agorá, a global initiative, aims to build a cross-border wholesale payment prototype using tokenized money from commercial and central banks.

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What are the immediate impacts of tokenizing traditional financial assets using DLT and smart contracts?

Tokenization, using cryptography and distributed ledger technology (DLT), digitizes traditional assets like financial instruments, improving financial systems by simplifying transactions and automating processes. Smart contracts enable automated execution of transactions based on predefined conditions, streamlining operations in areas such as securities markets and trade finance.

forbes.com

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Sep 13, 22:19

Hierarchy of Money: Cash, CBDCs, and the Anti-CBDC Bill

This article analyzes the hierarchy of money, highlighting cash and CBDCs as superior forms, and discusses an anti-CBDC bill driven by privacy concerns and private enterprise interests.

Hierarchy of Money: Cash, CBDCs, and the Anti-CBDC Bill

This article analyzes the hierarchy of money, highlighting cash and CBDCs as superior forms, and discusses an anti-CBDC bill driven by privacy concerns and private enterprise interests.

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What is the hierarchy of money described in the article, and what are the key characteristics of the highest forms?

The article establishes a hierarchy with cash at the top, possessing superior liquidity and minimal counterparty risk. CBDCs are considered the only digital equivalent, sharing these characteristics. Lower rungs include bank money, bonds, and eventually forms of credit.

nbcnews.com

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Jul 19, 04:14

Crypto Bills Pass Congress, Raising Concerns About Consumer Protection and Conflicts of Interest

The GENIUS, CLARITY, and Anti-CBDC Surveillance State Acts, which received key Congressional support, impact cryptocurrency regulation, stablecoin issuance, and the potential for a central bank digital currency, raising concerns about consumer protection and conflicts of interest.

Crypto Bills Pass Congress, Raising Concerns About Consumer Protection and Conflicts of Interest

The GENIUS, CLARITY, and Anti-CBDC Surveillance State Acts, which received key Congressional support, impact cryptocurrency regulation, stablecoin issuance, and the potential for a central bank digital currency, raising concerns about consumer protection and conflicts of interest.

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What are the immediate economic consequences of the three crypto bills' passage, particularly the GENIUS Act, and what are its potential global impacts?

Three crypto bills, including the GENIUS Act, recently passed with key support in Congress, leading to record highs for major crypto tokens like Bitcoin. The GENIUS Act specifically regulates stablecoins, creating a framework for private issuance but raising concerns about consumer protection and potential conflicts of interest due to the Trump Organization's involvement in a stablecoin company.

forbes.com

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Jun 5, 13:14

Trump's Crypto Embrace: Global Adoption Soars, but Neutrality Questioned

Trump's pro-crypto stance has driven a global surge in cryptocurrency ownership, reaching nearly 25% of adults, while raising concerns about the centralization of a decentralized technology.

Trump's Crypto Embrace: Global Adoption Soars, but Neutrality Questioned

Trump's pro-crypto stance has driven a global surge in cryptocurrency ownership, reaching nearly 25% of adults, while raising concerns about the centralization of a decentralized technology.

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How has Trump's involvement in the crypto industry influenced the balance between decentralization and government regulation?

Trump's pro-crypto stance, including launching his own memecoin and advocating deregulation, has boosted U.S. crypto adoption but raised concerns about centralizing a decentralized movement. This shift has transformed Bitcoin from a libertarian project to a geopolitical asset, impacting global financial systems.

forbes.com

🌐 85% Global Worthiness

Mar 30, 22:11

Ukraine's War Shows the Importance of Offline Digital Payments

Ukraine's National Bank prioritized cashless payments and maintained its electronic payment system (SEP) during the war, handling over 1.5 million transactions daily; PrivatBank saw a surge in softPOS use (quadrupling) and a 17% rise in e-commerce amid frequent blackouts, showing the resilience of d...

Ukraine's War Shows the Importance of Offline Digital Payments

Ukraine's National Bank prioritized cashless payments and maintained its electronic payment system (SEP) during the war, handling over 1.5 million transactions daily; PrivatBank saw a surge in softPOS use (quadrupling) and a 17% rise in e-commerce amid frequent blackouts, showing the resilience of d...

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How did Ukraine maintain its financial system's functionality despite ongoing conflict and infrastructure damage, and what are the key takeaways for enhancing global payment system resilience?

Ukraine's experience highlights the critical role of digital payment systems in maintaining economic resilience during wartime. The National Bank of Ukraine (NBU) prioritized cashless payments, supporting the continued operation of its electronic payment system, handling over 1.5 million transactions daily even amidst attacks. This ensured essential services remained accessible.

forbes.com

🌐 85% Global Worthiness

Feb 3, 19:12

Digital Money Revolutionizes Global Payments

Digital money, including CBDCs, Commercial Bank Money Tokens, and fiat-backed stablecoins, is revolutionizing payments by enabling near-instant, low-cost transactions globally, impacting cross-border remittances, intra-company transfers, and high-value payments.

Digital Money Revolutionizes Global Payments

Digital money, including CBDCs, Commercial Bank Money Tokens, and fiat-backed stablecoins, is revolutionizing payments by enabling near-instant, low-cost transactions globally, impacting cross-border remittances, intra-company transfers, and high-value payments.

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What are the main obstacles hindering the widespread adoption of CBDCs, and how do Commercial Bank Money Tokens and stablecoins overcome these limitations?

This shift is driven by blockchain technology, enabling faster, cheaper transactions. The benefits are particularly pronounced in cross-border payments and intra-company transfers, streamlining operations and reducing delays. Different forms of digital money cater to various needs, from CBDCs as legal tender to stablecoins for broader accessibility.

forbes.com

🌐 85% Global Worthiness

Dec 25, 16:07

Five Key Cryptocurrency Trends to Watch in 2025

Five key cryptocurrency trends expected in 2025 include regenerative finance (ReFi) addressing environmental concerns, blockchain-based dispute resolution improving efficiency, central bank digital currencies (CBDCs) enhancing financial inclusion, decentralized identity (DID) solutions increasing da...

Five Key Cryptocurrency Trends to Watch in 2025

Five key cryptocurrency trends expected in 2025 include regenerative finance (ReFi) addressing environmental concerns, blockchain-based dispute resolution improving efficiency, central bank digital currencies (CBDCs) enhancing financial inclusion, decentralized identity (DID) solutions increasing da...

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What are the most impactful trends shaping the cryptocurrency landscape in 2025, and what are their immediate implications for global finance?

In 2025, the cryptocurrency market will see significant changes driven by environmental concerns, regulatory developments, and technological advancements. Regenerative finance (ReFi) projects, aiming to repair environmental damage through blockchain, and central bank digital currencies (CBDCs) promoting financial inclusion, will be key.

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