CBDC

CBDC

Digital Yuan Won’t Give China ‘First-Mover Advantage’ With CBDCs, BIS Chief Says

"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.

News  ·  31 March 2021
CBDC

CBDCs Will Reduce Demand for Bitcoin, Says South Korea Central Bank Chief

Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.

News  ·  26 March 2021
CBDC

RBI Is Assessing Digital Rupee’s Impact on Financial Stability, Says Governor Shaktikanta Das

The RBI is examining the impact of the digital rupee on the financial stability in the economy.

News  ·  25 March 2021
China

Fed Chair Powell: Digital Dollar Would Need Stronger Privacy Than Digital Yuan

“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.

Policy & regulation  ·  24 March 2021
China

How China’s Digital Yuan Could Go Global

China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.

Policy & regulation  ·  17 March 2021
Regulation

Jamaica to Pilot CBDC Later This Year

The Caribbean nation's finance minister announced plans to officially launch a CBDC during the annual national budget debate.

News  ·  11 March 2021
CBDC

Bank of Korea Chief on CBDC: Better Right Than Fast

Bank of Korea Governor Lee Ju-yeol isn’t bullish on bitcoin, but he sees potential in a central bank digital currency (CBDC), if it’s done right.  Speaking at a press conference on Thursday, Lee said that when it comes to a CBDC, it’s better to do it right than do it fast, citing the cautious approach […]

News  ·  25 February 2021
CBDC

China, Singapore Look Ahead to CBDC Future at World Economic Forum

A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.

Business  ·  28 January 2021
China

Geopolitics at Stake in US Response to China’s Digital Yuan: Report

From privacy to political power, China’s digital yuan will have far-reaching implications.

Tech  ·  27 January 2021
CBDC

BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away

Central banks remained adamant private stablecoins do not factor into their CBDC calculus.

News  ·  27 January 2021
CBDC

Bank of England Governor Insists Digital Payments (but Not Crypto) Are Sticking Around

BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency.

News  ·  25 January 2021
China

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency

The BSN expects to complete integrations with a total of 30 public blockchains this year.

News  ·  17 January 2021
CBDC

Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says

The investment giant predicts CBDCs will continue gaining steam, although a "launch among Western countries seems unlikely to occur anytime soon."

News  ·  16 January 2021
Bitcoin

Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.

Markets  ·  13 January 2021
Regulation

Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps

Separately, U.S. officials are reportedly considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent.

News  ·  6 January 2021