Central banks will likely lean away from issuing retail CBDCs
Mastercard’s Raj Dhamodharan predicts that more central banks will shift away from retail CBDCs, focusing instead on wholesale digital currencies for financial institutions in 2025. Central banks are rethinking their approach to state-backed digital currencies, with Raj Dhamodharan, Mastercard‘s head of crypto & blockchain, noting that while many once considered issuing their own digital currencies […]
Retail CBDCs fail to address real consumer needs, survey shows
Interoperability, privacy, and infrastructure still pose hurdles to retail CBDC adoption, a survey by GlobalData reveals. Central bank digital currencies are still a tough sell, even where they’ve officially launched. GlobalData’s latest survey report reveals that for consumers in many countries, CBDCs just don’t offer enough to make the switch from familiar payment methods, as […]
CBDCs must bridge old and new financial systems
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The concept of a central bank digital currency predates crypto’s most recent down market. However, it has steadily gained momentum as governments recognize the need to modernize payment systems while addressing various […]
Russian banks authorized to halt transfers with CBDCs for days
The Bank of Russia has approved a new rule that will allow banks to block operations with digital rubles for days if they appear to be linked to fraud. The Bank of Russia has introduced new rules requiring banks to suspend digital ruble transactions for up to two days if they are suspected to involve […]
