Bank of Japan’s Successful CBDC Test Sets Stage for Pilot Project
Central Bank conducted a 12-month test And it was successful The country is now preparing for a pilot project Bank of Japan (BOJ) shared the results of the second phase of the CBDC concept test.. It lasted a year, from April 2022 to March 2023. At ...
Central Bank of Norway Proposes Developing Own Cryptocurrency Oversight Rules
The Central Bank of Norway (Norges Bank) proposed not to wait for the entry into force of the draft law on regulation of cryptocurrencies in the European Union (MiCA), and to develop their own rules for their oversight. Norges Bank released its annual "Financial Infrastru ...
Multiple U.S. States Follow Florida in Banning Digital Dollar
After the governor of Florida signed the law banning the digital dollar, other American states Louisiana, Alabama and North Dakota decided to "follow in its footsteps. Last week, Florida Governor Ron DeSantis signed into law a bill banning the U.S. Federal Reserve's (Fed) d ...
European Banking Authority Calls for Central Bank Ban on Large Stablecoins
European Banking Authority (EBA) believes that central banks should impose a ban on large steblecoins if they pose a threat to the monetary policy of specific countries. It was stated by the chairman of EBA José Manuel Campa, speaking at a symposium on central banks and dig ...
Governor of Bank of Japan Advocates for Integration of Central Bank Digital Currency with Other Payment Methods
Haruhiko Kuroda, the Governor of the Bank of Japan, has expressed his belief that a central bank's digital currency (CBDC) should work in tandem with other payment methods to enhance Japan's financial ecosystem. According to Kuroda, government-backed stablecoins can increase payment convenience f ...