CBDC
U.S. Treasury Examining How Using Digital Dollars Could Be Kept Private
As the Treasury Department studies a possible central bank digital currency, senior official Graham Steele says the effort is looking at privacy, but is also wary of CBDC run risks.
Hong Kong Monetary Authority to Prepare for Retail CBDC
The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD, according to a Friday report.
Digital Dollar Debate Takes Center Stage at Consensus 2023
In a series of discussions at Consensus 2023, the concept of a U.S. central bank digital currency, or "digital dollar," was dissected. Jesse Hamilton, CoinDesk's Deputy Managing Editor for Global Policy and Regulation, reports on the dialogue around this potential government-backed asset by the Federal Reserve. Hamilton highlights the appeal of "instant transactions and seamless movement of money across borders," but notes the substantial privacy implications, given the "tremendous amount of data that could be collected by the institutions running it." It's a subject of concern, he says, for many looking into this nascent field.
Privacy Concerns Dominate CBDC Discussion at Consensus 2023
Some Consensus 2023 participants argue that the economic benefits of CBDCs are not worth the threats to privacy in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.
Nestcoin CEO on State of Crypto in Nigeria
Nigeria's government recently approved a national blockchain policy as part of the country's effort to transition to a digital economy. Nestcoin CEO and co-founder Yele Bademosi discusses the state of crypto in Nigeria and the outlook for the e-Naira central bank digital currency (CBDC). Plus, insights into how Nestcoin has managed to reemerge from the fallout of FTX's collapse with its new product Onboard.
ECB Finalizes Digital Euro Prototypes as Development Decision Looms
The European Central Bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.
Brazil's Central Bank Selects 14 Participants for CBDC Pilot
Among those selected are the largest local banks, Visa and Microsoft.
Gov. Ron DeSantis Announces Presidential Bid, Talks About Crypto
Florida Governor Ron DeSantis, the latest contender for the leadership of the Republican Party, said during a Twitter space that "bitcoin represents a threat to [the current regime]." CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on DeSantis' attitudes toward crypto and CBDCs.
Canvas CEO on Australia's CBDC Pilot, Tokenized FX Transactions
Australia made its first foreign exchange transaction using eAUD, the CBDC piloted in the country. The transaction was done using Canvas, an Ethereum Layer 2 that uses Zero Knowledge roll-up technology. Canvas CEO David Lavecky discusses the company's role in the country's approach to testing the use of central bank digital currencies.
Canvas Facilitates Forex Transaction Using Australian CBDC
Australia made its first Foreign Exchange Transaction using eAUD, the CBDC being piloted in the country. The transaction was done using Canvas, an Ethereum Layer 2 that uses Zero Knowledge roll-up technology. Canvas CEO David Lavecky discusses the project, noting "what's happening here is a pilot to investigate the benefits that come with it." Plus, Lavecky shares his outlook on broader retail adoption of this technology.