CBDC

The Scotia Group and RAND Europe convene a historic framing session on "International Finance and Energy Diplomacy" for the United Nations General Assembly

Retrieved on: 
Wednesday, September 20, 2023
Hydrogen, Climate, State, Executive, Chinese Academy of Social Sciences, MERCOSUR, United Nations, GCC, United Nations Office for Project Services, UNOPS, Organization for Women in Science for the Developing World, InterAction Council of Former Heads of State and Government, Diplomatic mission, Small Island Developing States, Social science, RAND Corporation, Chinese Academy of Engineering, CBDC, Carbon, Government, Natural Resources, Green, Development, Green hydrogen, SIDS, Corporation, Caribbean Development Bank, United, COP26, UN, European, African Union, Islam, Century, United Kingdom, AOSIS, UNGA, Gulf Cooperation Council, Roadmap, Professional corporation, Cryptocurrency, Renewable energy

LONDON, Sept. 20, 2023 /PRNewswire/ -- A High-Level UNGA consultative session on international finance and energy transition diplomacy, which included sitting and former Heads of State and Government, as well as experts from the RAND Corporation and members of the Scotia Group, was convened on 18 September 2023 by international mediation and energy law expert Professor Malik Al Dahlan.

Key Points: 
  • A Call to Action was issued at the event which advocated for a fundamental shift in the way climate finance is raised and deployed.
  • Professor Malik Al Dahlan, the Founder of the Scotia Group, said:
    "We urgently need a Decarbonization Marshall Plan.
  • Under Secretary General Jorge Moreira da Silva, the Executive Director of UNOPS, said:
    Speakers at the UNGA Event included, H.E.
  • More information about the Scotia Group, its membership and the 'Climate Majlis Dialogue' sessions which have been hosted since 2021 is here.

The Scotia Group and RAND Europe convene a historic framing session on "International Finance and Energy Diplomacy" for the United Nations General Assembly

Retrieved on: 
Wednesday, September 20, 2023
Hydrogen, Climate, State, Executive, Chinese Academy of Social Sciences, MERCOSUR, United Nations, GCC, United Nations Office for Project Services, UNOPS, Organization for Women in Science for the Developing World, InterAction Council of Former Heads of State and Government, Diplomatic mission, Small Island Developing States, Social science, RAND Corporation, Chinese Academy of Engineering, CBDC, Multimedia, Carbon, Government, Natural Resources, Green, Development, Green hydrogen, SIDS, Corporation, Caribbean Development Bank, United, COP26, UN, European, African Union, Islam, Century, United Kingdom, AOSIS, UNGA, Gulf Cooperation Council, Roadmap, Professional corporation, Cryptocurrency, Renewable energy

LONDON, Sept. 20, 2023 /PRNewswire/ -- A High-Level UNGA consultative session on international finance and energy transition diplomacy, which included sitting and former Heads of State and Government, as well as experts from the RAND Corporation and members of the Scotia Group, was convened on 18 September 2023 by international mediation and energy law expert Professor Malik Al Dahlan.

Key Points: 
  • A Call to Action was issued at the event which advocated for a fundamental shift in the way climate finance is raised and deployed.
  • Professor Malik Al Dahlan, the Founder of the Scotia Group, said:
    "We urgently need a Decarbonization Marshall Plan.
  • Under Secretary General Jorge Moreira da Silva, the Executive Director of UNOPS, said:
    Speakers at the UNGA Event included, H.E.
  • More information about the Scotia Group, its membership and the 'Climate Majlis Dialogue' sessions which have been hosted since 2021 is here.

 Swift Advances CBDC Innovation as Interlinking Solution Begins Beta Testing

Retrieved on: 
Wednesday, September 13, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Deutsche Bundesbank, National Bank of Kazakhstan, Central bank, Atlantic Council, Bank of Thailand, CLS, CBDC, National bank, Digital currency, Community business development corporation, GDP, Reserve Bank, HKMA, Reserve Bank of Australia, G20, Bank, Hong Kong Monetary Authority, Central bank digital currency, Cryptocurrency, Swift

Swift has entered a new phase of its breakthrough work on Central Bank Digital Currency (CBDC) interoperability, announcing that three central banks are beta testing its innovative solution for interlinking CBDCs, while 30 financial institutions are experimenting with the solution in a new sandbox to explore further use cases.

Key Points: 
  • Swift has entered a new phase of its breakthrough work on Central Bank Digital Currency (CBDC) interoperability, announcing that three central banks are beta testing its innovative solution for interlinking CBDCs, while 30 financial institutions are experimenting with the solution in a new sandbox to explore further use cases.
  • Swift committed to developing a beta version of its CBDC connector solution after a first iteration of sandbox testing, with participants recognising the solution’s ‘clear potential and value’.
  • The beta solution has taken its next step, with three central banks and monetary authorities, including the Hong Kong Monetary Authority (HKMA) and the National Bank of Kazakhstan, integrating the solution with their own infrastructure for direct testing.
  • Central and commercial bank participants noted that the connector enabled the seamless exchange of CBDCs, even for those built on different platforms.

Global Fintech Fest 2023

Retrieved on: 
Thursday, September 7, 2023
Professional Services, Other Professional Services, Technology, Finance, Fintech, Internet, Banking, Ministry of Finance, FCC, Risk and strategic consulting, RBI, Central bank, Economy, Reserve Bank of India, National Payments Corporation of India, Journey, CBDC, GFF, Information technology, Nepal Rastra Bank, Digital currency, Department of Economic Affairs, Ministry of Electronics and Information Technology, Government, PCI, Ministry, DEA, Reserve Bank, International Financial Services Centre, NPCI, Financial inclusion, Central bank digital currency, Payments Council, Cryptocurrency, Electronics

“Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.

Key Points: 
  • “Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.
  • Mr. Adhikari said that the government of Nepal considered digitalisation as its top priority and accordingly formulated its Digital Nepal Framework in 2019.
  • In alignment with this the issuance of the Nepal Pay Card, like India’s RuPay card, is in progress.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports |81 Academic Papers| 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors |500+ exhibitors |150K Sq.

Central Bank Digital Currency Gains Traction in the US, Sparking Debate on Regulations, Consumer Protections

Retrieved on: 
Wednesday, September 13, 2023
Steps, Fed, Privacy Office of the U.S. Department of Homeland Security, Eaton, Federal, Policy, CBDC, Research, Fiat, Community business development corporation, Government, Organization, Treasury, Federal Reserve Bank of St. Louis, Gold, Federal Reserve, The Future of Money, U.S. Department of the Treasury, Office of Inspector General, Risk, Federation, Ecosystem, Fraud, Under Secretary of the Treasury for Domestic Finance, Environment, Payment, Legislation, Cryptocurrency, Euro

TAMPA, Fla., Sept. 13, 2023 /PRNewswire-PRWeb/ -- As digital currencies gather momentum, central banks around the world are exploring the potential advantages of implementing a central bank digital currency (CBDC). The U.S. Federal Reserve is no exception to this trend.

Key Points: 
  • TAMPA, Fla., Sept. 13, 2023 /PRNewswire-PRWeb/ -- As digital currencies gather momentum, central banks around the world are exploring the potential advantages of implementing a central bank digital currency (CBDC).
  • A central bank, like the U.S. Federal Reserve, oversees a country's currency, monetary policy, and commercial banking system.
  • The concept behind a CBDC is to introduce a digital form of fiat currency that is issued and regulated by a central bank.
  • One such lawmaker is Senator Ted Cruz, who reintroduced a March bill prohibiting the Federal Reserve from developing a direct-to-consumer central bank digital currency.

INX and SICPA Announce the Formation of Nabatech: A Joint Venture for Sovereign states Digital Currency Ecosystem

Retrieved on: 
Monday, September 11, 2023
Amon, Parallel, Blockchain, Partnership, Cryptocurrency, Central bank, ATS, Central bank digital currency, INX, DLT, OTCQB, CBDC, SICPA, Privacy, Digital currency, Digital, Knowledge, NEO

Nabatech is a direct result of INX and SICPA's collaboration to aid governments and central banks worldwide in constructing pioneering sovereign digital assets ecosystems.

Key Points: 
  • Nabatech is a direct result of INX and SICPA's collaboration to aid governments and central banks worldwide in constructing pioneering sovereign digital assets ecosystems.
  • The Swiss-incorporated joint venture uniquely combines Decentralized Ledger Technology (DLT) infrastructure and digital identity technologies to fulfill critical Central Bank Digital Currency (CBDC) requirements - from security and privacy to resilience and financial inclusion.
  • This initiative is set to propel the establishment and launch of a secure and scalable framework for central banks to execute digital strategies.
  • For more about SICPA and its solutions for governments and central banks, visit https://www.sicpa.com/ .

The Federal Reserve Takes Bold Step in Exploring Central Bank Digital Currencies

Retrieved on: 
Monday, September 11, 2023
Bitcoin, Bangladesh Technical Education Board, Federal Reserve, Fintech, Bank for International Settlements, Fed, BIS, Cryptocurrency, Federal, Central bank, Central bank digital currency, COVID-19, Eye, History of the Federal Reserve System, Trust, Cato Institute, CBDC, Aircraft, Privacy, Digital, University of Pennsylvania Economics Department, Government, Congress, Digital technology, Congressional Research Service, Risk, Commerce, Federal Reserve Act, YouGov, Knowledge, Bank, Economics, Synovial joint, Safety, Consultant, Community business development corporation

TAMPA, Fla., Sept. 11, 2023 /PRNewswire-PRWeb/ -- As a leader in fintech, Eaton is always looking toward future innovations in digital technology. However, she cautions, "With the lightning-fast pace of tech development and innovation, there needs to be an investment in infrastructure before its universal adoption. And, while digital currency has been around for over a decade, it is still in its beta-testing phase, especially when it comes to meeting consumer protection expectations."

Key Points: 
  • The Federal Reserve, the central bank of the United States, is actively delving into the realm of Central Bank Digital Currencies (CBDCs) with an eye toward revolutionizing financial systems and improving accessibility to digital transactions.
  • The Federal Reserve Act of 1913 established the Federal Reserve System as the central bank in the United States.
  • (1)
    A central bank digital currency (CBDC) is a digital form of a country's currency issued and backed by the central bank.
  • Among them, 26% were conducting CBDC pilots, and over 60% were engaged in experiments or proofs-of-concept related to digital currencies.

Crunchfish and LISNR Partner to Enable Offline Payments

Retrieved on: 
Tuesday, September 5, 2023
QR code, Partnership, Internet, Radius, CBDC, Digital currency, Payment, NFC, Ecosystem, SDK, Online shopping, Mobile phone, Crunchfish

CINCINNATI, Sept. 5, 2023 /PRNewswire-PRWeb/ -- Crunchfish, a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations, has inked a partnership with LISNR, the global leader in proximity verification using data-over-sound, to offer a turnkey proximity-based payment solution for merchants and banks.

Key Points: 
  • With digital payments in the Asia Pacific region expected to grow at a CAGR of 23.91% until 2027 , the region was in need of an offline payment solution.
  • The solution from Crunchfish and LISNR offers 100% offline availability to seamlessly recognize consumers at point of entry, delivers loyalty offers, and provides a secure checkout experience, all through a mobile wallet.
  • With the growing demand for offline and CBDC payments evolving across the globe, the Crunchfish and LISNR partnership will position both sides to evolve, expand, and grow together."
  • - Patrik Lindeberg, CEO, Crunchfish Digital Cash AB
    "We are thrilled to partner with Crunchfish, enabling person present payments in an ever changing ecosystem.

Axis Technologies Group, Inc. CEO Shares Promising Updates and Outlook for 2023 with Shareholders

Retrieved on: 
Tuesday, August 15, 2023
Carbon, Communication, NFT, Accreditation, Jean-Michel Carboni, Computer, Investment, IBN, Pedigree, Artificial intelligence, ESG, Letter, Carbon-12, Tech, Consultant, Web 3.0, Finance Secretary (India), Growth, Pursuit, Social media, SDG, POS, RWA, UNFCCC, United Nations Framework Convention on Climate Change, Climate change, Creativity, Axis, US, Outline, CFO, DEX, 0x (decentralized exchange infrastructure), Software as a service, Partnership, CBDC, D&B, Vision, Ecosystem, GPU, Management, Cryptocurrency, Retail, Ethereum, Decentralized finance, Metaverse

In a significant communication to the shareholders, AXTG's CEO presents the official 2023 letter, marking a pivotal moment since the last official correspondence on September 15, 2021.

Key Points: 
  • In a significant communication to the shareholders, AXTG's CEO presents the official 2023 letter, marking a pivotal moment since the last official correspondence on September 15, 2021.
  • The CEO, in this crucial update, underscores the progress achieved by AXTG, underscoring the company's commitment to innovation and growth.
  • AXTG's Vision – Investing in the Pursuit and Advancement of blockchain technologies in the digital assets space.
  • We have always positioned ourselves to be in the forefront of the continuously growing and evolving marketplace in digitization space.

Mastercard selects Fluency as its New CBDC Partner

Retrieved on: 
Friday, August 18, 2023
Mastercard, IDEMIA, ConsenSys, Partnership, CBDC, Digital asset, Head, Hyperion, Fluency, Cryptocurrency, Blockchain, Community business development corporation

LONDON, Aug. 18, 2023 /PRNewswire/ -- Mastercard, a global leader in payment solutions, recently announced Fluency as its CBDC partner, as part of plans to capitalise on the growing interest in CBDCs.

Key Points: 
  • LONDON, Aug. 18, 2023 /PRNewswire/ -- Mastercard, a global leader in payment solutions, recently announced Fluency as its CBDC partner, as part of plans to capitalise on the growing interest in CBDCs.
  • Inga Mullins, CEO at Fluency, said: "We are delighted at Fluency to be part of this exciting and forward-thinking partnership with Mastercard helping CBDC networks seamlessly bridge transactions between different types of CBDC: account and token-based, retail and wholesale, multi-CBDC with tokenized assets and regulated stablecoins."
  • Raj Dhamodharan, Head, Digital Assets and Blockchain, at Mastercard, says: "We believe in payment choice and that interoperability across the different ways of making payments is an essential component of a flourishing economy.
  • "As we look ahead toward a digitally driven future, it will be essential that the value held as a CBDC is as easy to use as other forms of money."