CBDCs

Digital Currency

Central Bank of Bahamas Launches Landmark ‘Sand Dollar’ Digital Currency

The Bahamas has officially launched the world's first national digital currency, the sand dollar.

News  ·  21 October 2020
CBDCs

The US Risks Getting Left Behind on CBDCs

The Federal Reserve's “wait and see” approach to digital currency could deprive the U.S. of important fiscal and monetary tools as its rivals move ahead.

Policy & regulation  ·  20 October 2020
CBDCs

CBDCs Mean Evolution, Not Revolution

Central bank digital currencies can help create a more inclusive financial system, says the innovation chief at the Bank for International Settlements.

Policy & regulation  ·  20 October 2020
Japan

Japan’s LINE Launches CBDC Development Platform: Report

LINE reportedly said it has several "major" Asian nations in discussions over using the CBDC platform.

Business  ·  20 October 2020
CBDCs

A New ‘Bretton Woods’ Moment?

The IMF has said it’s time to re-evaluate the global economic order, but what does that really mean?

People  ·  19 October 2020
Federal Reserve

Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain

CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.

Policy & regulation  ·  19 October 2020
CBDCs

IMF Says CBDCs Have Potential, but Don’t Solve Every Issue

Countries might benefit from issuing central bank digital currencies, but they’re not a panacea for every ailment, a new IMF report says.

Policy & regulation  ·  19 October 2020
CoinFlash

Digital Ruble Could Be Tool Against Sanctions, Bank of Russia Says

Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.

Policy & regulation  ·  19 October 2020
Regulation

CoinDesk Joins IMF, CFTC, Swiss FINMA at DC Fintech Week

The virtual event, which runs Oct. 19-22, brings together marquee names from Switzerland’s FINMA, Sweden’s Riksbank, Bank for International Settlements, the Commodity Futures Trading Commission and the International Monetary Fund to discuss stablecoin regulation, central bank digital currencies, the future of money and more.

Policy & regulation  ·  14 October 2020
CBDCs

Australian Central Bank Sees ‘No Strong Public Policy Case’ for CBDC

The Australian central bank does not see a strong case for issuing a retail central bank digital currency, its head of payments policy said.

Policy & regulation  ·  14 October 2020
China

The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era

New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.

People  ·  13 October 2020
Russia

Digital Ruble Can Help Track Government Spending, Bank of Russia Says

The Bank of Russia proposed a potential CBDC project Tuesday, but wants public comments before proceeding.

Policy & regulation  ·  13 October 2020
Federal Reserve

IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules

Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank.

Policy & regulation  ·  13 October 2020
CBDCs

How Investors Are Trading the Election

As the U.S. presidential election gets closer, market “predictions” are showing up in stocks from energy to private prisons.

People  ·  12 October 2020
CoinFlash

Central Banks Haven’t Made a Good Case for Digital Currencies: WSJ’s Heard on the Street

Central banks are rushing into digital currencies without considering how the risks might outweigh any benefits, the column argues.

Policy & regulation  ·  12 October 2020