CBDCs

Morgan Stanley Says Digital Euro Could Deplete Bank Deposits by 8%: Report

Smaller countries such as Greece, Latvia, Lithuania and Estonia would be hit the hardest.

News  ·  16 June 2021

BIS Survey Finds Central Banks Keen on Tourists, Non-Residents Using Upcoming CBDCs

“Central banks are considering a variety of [multi-CBDC] arrangements,” BIS researchers wrote.

News  ·  14 June 2021
Brazil

Brazil’s Central Bank Pushes Back Target Date on CBDC by Two Years

BCB said the timeframe for a CBDC depends on the evolution of its current projects and the international landscape.

News  ·  11 June 2021
CBDCs

Nigeria’s Central Bank May Launch a Digital Currency Pilot in 2021

A central bank official said Nigeria has been researching CBDCs for two years.

News  ·  10 June 2021
CBDCs

Stablecoins, CBDCs Don’t Present Inherent Risk to Financial Stability: Bank of England Executive Says

Christina Segal-Knowles played down concerns that the traditional banking model would be undermined.

News  ·  10 June 2021
CBDCs

Bank of France, Swiss National Bank Begin Cross-Border CBDC Experiment

The banks will experiment with cross-border settlements of two wholesale CBDCs and a French digital financial instrument on a distributed ledger technology platform.

News  ·  10 June 2021
CBDCs

Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.

News  ·  10 June 2021
CBDCs

Moving on From Good-Bad Crypto Dialogue

Central banks should welcome competition from crypto and the crypto industry should be less defensive, says our columnist.

Policy & regulation  ·  9 June 2021
CBDCs

Hong Kong Monetary Authority to Study a Retail CBDC

Hong Kong's central bank is aiming to "future-proof" the financial center for the growth of CBDCs as part of its "Fintech 2025" strategy.

News  ·  8 June 2021
CBDCs

Bank of England Releases Discussion Paper on Stablecoins, CBDC

The paper focuses on the effects of private stablecoins on the cost and availability of lending and the challenges for monetary policy.

Policy & regulation  ·  7 June 2021
CBDCs

Ghana at ‘Advanced Stages’ With Digital Cedi, Central Bank Governor Says

Bank of Ghana Gov. Ernest Addison also warned against “unregulated” cryptocurrencies.

Policy & regulation  ·  4 June 2021
CBDCs

Digital Dollar Should Be ‘Actively Explored,’ Says Former CFTC Chairman

Maintaining users' privacy is a key design focus, according to Massad. "We're not China."

News  ·  2 June 2021
CBDCs

US Lawmakers Introduce Bill to Require Digital Dollar Updates

A bipartisan bill would require the U.S. Treasury secretary to publish a report on the dollar's role in the global economy, as well as how central bank digital currency efforts are proceeding.

News  ·  26 May 2021
Newsletters

Consensus Day 3, Recapped: The Battle Over Electronic Money

The future of CBDCs, stablecoins and untethered cryptocurrencies was all up for grabs on an action-packed day at CoinDesk's flagship event.

News  ·  26 May 2021
CBDCs

Mastercard Exec Shares Thoughts on Crypto Rewards, Stablecoin and CBDC Plans

Jessica Turner, the storied payment network’s fintech executive, reflects on mainstream crypto adoption at Consensus 2021.

People  ·  26 May 2021