CBDC News
![Hong Kong Central Bank Enters the Era of Digital Currencies – Ensemble Project [SHORT TITLE]](https://cbdcnews.eu/wp-content/uploads/2024/02/DALL·E-2024-02-10-01.57.00-Generate-another-set-of-images-that-continue-the-theme-of-digital-cash-flow-with-a-subdued-and-elegant-design-similar-to-the-previously-created-image-1000x500.webp)
Exclusive
Cryptoeconomy
CBDC News
Video
What is CBDC?
CBDC, or Central Bank Digital Currency, is a type of digital or virtual currency that is issued and regulated by a country’s central bank. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are decentralized and operate without a central authority, CBDCs are centralized digital currencies. They represent the digital form of a nation’s fiat currency (like the dollar, euro, or yen) and are backed by the authority of the country that issues them.
CBDCs aim to bring the convenience and security of digital forms like cryptocurrencies into the regulated banking sector. They have the potential to streamline payments, reduce costs, and increase financial accessibility. However, their implementation also raises important questions about privacy, security, and the broader impact on the financial system.
More News
Joseph Huber – Expert in the Field of Economic SociologyJoseph Huber is a retired professor from the Martin Luther University of Halle-Wittenberg in Germany, specializing in economic sociology. His contribution…
The People’s Bank of China Moves Forward with Digital Yuan ProjectThe People’s Bank of China (PBOC) is speeding up work on a pilot project for the digital yuan in response…
Swift Announces Results of Phase Two CBDC TestingSwift – an organization providing payment services – has demonstrated its advanced technology by announcing the results of phase two tests involving central…
SWIFT Plans to Integrate Central Bank Digital Currencies with Global Financial InfrastructureSWIFT, the organization responsible for international banking settlements, has announced plans to launch a new platform within the next…
Revolution in the Global Financial Infrastructure: Russia Excluded from SWIFTThe situation in Ukraine and the aggression from Russia have triggered a series of international reactions, including imposing drastic sanctions aimed…
SWIFT Testing Solution Connecting Central Bank Digital CurrencySWIFT (Society for Worldwide Interbank Financial Telecommunication) has published the results of the second phase of sandbox testing for its solution connecting Central…