Mercado Bitcoin to Participate in Brazil's CBDC Pilot Project
June 25 (Cointime) - Mercado Bitcoin, the leading cryptocurrency exchange in Brazil, has been granted permission by the Banco Central do Brasil to participate in the creation of the country's Central Bank Digital Currency (CBDC). The CBDC is set to be launched in 2024 and aims to revolutionize the financial landscape of Brazil.
XRP Price Surge Backed by Legal Battle and Global Expansion: Outperforming Bitcoin and Ethereum
June 23 (Cointime) - XRP, Ripple's native cryptocurrency, is experiencing a surge in price due to positive sentiments from the ongoing legal battle with the SEC and Ripple's global expansion. Despite a recent correction, XRP has outperformed Bitcoin and Ethereum in the last 90 days, with a 45% increase year-to-date. Ripple is also supporting the launch of Central Bank Digital Currencies, including the Central Bank of Montenegro and the Central Bank of Brazil's plan to launch a CBDC in 2024.
European Politicians Struggle To Generate Enthusiasm for Digital Euro Proposal
June 21 (Cointime) - The European Central Bank and European Commission are collaborating on the technical aspects of a digital euro, but political leaders are not showing much interest. Proposed legislation for the central bank digital currency addresses concerns about privacy, offline usage, and distribution, but political issues have yet to be resolved.
IMF Working on Global CBDC System for Cross-Border Transactions, Urges Interoperability
June 20 (Cointime) - According to the Atlantic Council, over 100 countries are currently exploring the possibility of a central bank digital currency (CBDC), while 11 countries have already launched their own CBDC. However, most CBDC initiatives are not focusing on interoperability.
Quant (QNT) Price Surges on Collaboration with BIS and Bank of England for CBDC Test
June 19 (Cointime) - Quant (QNT) saw a surge in price due to its collaboration with the Bank for International Settlements (BIS) and Bank of England for Project Rosalind, a test for the UK’s central bank digital currency (CBDC). However, the crypto markets are currently in decline, resulting in a 2% decrease in QNT's price.
Bank of England Moves Closer to Launching "Britcoin" CBDC Following Successful Project Rosalind Trial
June 19 (Cointime) - The Bank of England (BoE) has made progress towards launching its central bank digital currency (CBDC) known as "Britcoin" after completing a trial study called Project Rosalind.
Central Banks Experiment with API Functionalities for Retail Digital Currency Payments
June 16 (Cointime) - A new report has revealed that central banks have conducted a joint experiment to test ways to connect monetary authorities and the private sector to facilitate retail digital currency payments. The experiment, called "Project Rosalind," developed 33 application programming interface (API) functionalities to test more than 30 central bank digital currency (CBDC) use cases, including offline payments. The Bank of England is currently consulting on a digital pound and has said it would host the centralized ledger and the API for a potential digital pound. The experiment tested a diverse range of payment options, including online, offline, and in-store payments via interactions with QR codes, mobile phones, smart cards, and more.
Summer World University Games in China to Use Digital Yuan as Official Payment Method
Student athletes from around the world will be able to use China's digital yuan at the Summer World University Games in Chengdu in July.
Brazil's Central Bank Unveils Roadmap for CBDC Rollout and Tokenized Asset Assessment
Brazil's Central Bank, Banco Central do Brasil (BCB), has released a roadmap for the launch of its CBDC and will also explore the possibility of tokenized assets. The BCB will host monthly webinars until November to discuss CBDC rollout and the results of its digital real pilot, with participation from fintech experts and BCB partners.
Hong Kong Invites Global Crypto Trading Operators to Set Up Businesses Amid Proactive Crypto Regulations and CBDC Plans
Hong Kong has invited global crypto trading operators to set up businesses in the country, with Legislative Council member Johnny Ng expressing his willingness to provide assistance. The move comes after the US SEC filed lawsuits against crypto heavyweights like Binance and Coinbase.
