IMF Provided Jordan’s Central Bank With Recommendations for Implementing Retail CBDC
Last year, the IMF conducted a three-month mission to aid the bank in preparing a feasibility report on CBDC. The report was released by the IMF on February 23.
IMF Offers Jordan’s Central Bank Recommendations for Implementing Retail CBDC
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund (IMF) technical report on the country’s markets. The IMF conducted a three-month mission last year to assist the bank with preparations for a CBDC feasibility report. The IMF released its report Feb. 23.
Digital Euro Should Prioritize Online, Peer-to-Peer Payments, ECB Says
A digital euro should prioritize online purchases and making payments among friends, the European Central Bank said in documents published on its website.
Cointime News Wrapup-Afternoon Version: SEC is Not the Appropriate Regulator for Stablecoins—Circle CEO
Afternoon version,US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawyer Says
Republican Congressman Tom Emmer Introduces Bill to Ban Fed’s CBDC
On February 22, Republican Congressman Tom Emmer of the US House of Representatives introduced a bill to ban the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC). The “CBDC Anti-Surveillance State Act” aims to protect the financial privacy of American citizens by prohibiting the creation of a CBDC by the Fed without prior review and approval from Congress. Emmer argued that creating a CBDC could negatively impact financial privacy and individual freedom, as authorities and regulatory entities could use it as a tool to track and control citizens’ spending. (cryptopotato)
Stablecoins’ Market Cap Has Been Falling for Nearly a Year, Report Reveals
A newly published report reveals that in February, the total market capitalization of the stablecoins in the sector fell by 0.68% to $136 billion, making their lowest market capitalization since September 2021 and the eleventh consecutive monthly decline. CryptoCompare’s latest Stablecoins & CBDCs Report adds that the total market share of stablecoins in the sector is now sitting at 11.4%, down from around 12.31% in January. This is their lowest market share since April 2022. The decline, the report adds, highlights the “recent rally in the prices of crypto assets and the declining stablecoin market cap.” (cryptoglobe)
Crypto Morning Briefing: Coinbase 2022 Losses Total $2.6 Billion As Crypto Tightens Belt; U.S. Congressman Introduces Bill To Block CDBC Roll Out
Binance To Burn $2B Idle BUSD on Feb. 22; Reddit Avatar NFTs’ Market Cap Exceeds $35 Million; Floki Inu New Partnership Exposes Floki To 140M Crypto Users
This CBDC Act Will Prevent The US Government From Surveilling Citizens’ Finances
Tom Emmer, the House Majority Whip serving as the representative for Minnesota’s 6th congressional district for the last seven years, is introducing the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act to prevent the government from “violating citizens’ right to privacy” should they go in this direction.
Bank of Russia to Start Testing Digital Ruble With Real Users on April 1
The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. The plan is to start with transfers between individuals and payments between trade and service companies, the top official detailed. Skorobogatova emphasized that these will be “real transactions” and “real customers” of 13 banks that are ready to take part. (Bitcoin.com)
San Fransisco Fed Hiring for Digital Currency Development
The Federal Reserve Bank of San Francisco is looking for software developers to help research and design a central bank digital currency (CBDC).
