CBDCs

CBDCs

The Smart Money Economy

Digital money in a crypto wallet is only the first step. The bigger shift is a new software economy anchored in programmable blockchains.

Business  ·  17 November 2020
CBDCs

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

News  ·  13 November 2020
Bitcoin

ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years

ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.

Policy & regulation  ·  12 November 2020
Inflation

Debate Rages on Whether a Digital Dollar Will Unleash Inflation

Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.

News  ·  9 November 2020
CBDCs

Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency

The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone.

Policy & regulation  ·  9 November 2020
CoinFlash

Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.

Policy & regulation  ·  6 November 2020
China

PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299M

The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.

Policy & regulation  ·  2 November 2020
CoinFlash

Australia’s Central Bank Kicks Off CBDC Research Project With ConsenSys as Partner

The partnership, which also includes top Australian banks, will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology.

News  ·  1 November 2020
CBDCs

Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage

Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and that the G7 needs to coordinate on digital currencies.

Policy & regulation  ·  29 October 2020
CoinFlash

Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt

Medici Ventures has completed a third equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm.

Business  ·  28 October 2020
CoinFlash

Ethereum Developer ConsenSys to Assist French Bank With CBDC Pilot

The Ethereum developer will help the digital assets arm of Societe Generale carry out research on a central bank digital currency.

Tech  ·  28 October 2020
CBDCs

The Big Choices When Designing Central Bank Digital Currencies

A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications.

Policy & regulation  ·  26 October 2020
CBDCs

Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020

BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.

Policy & regulation  ·  26 October 2020
CBDCs

Should We Care if the US Is Falling Behind on CBDCs?

A reading of two recent op-eds on central bank digital currencies (CBDCs).

People  ·  25 October 2020
Russia

Digital Ruble ‘Promising,’ Pilot Likely in 2021, Says Bank of Russia Chief

The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.

Policy & regulation  ·  23 October 2020