CBDCs

CBDCs

CBDC Issuance Is ‘Not a Reaction’ to Libra, Says Central Bank Body

The Bank for International Settlements appears to contradict its own prior statements in a new digital payments report.

News  ·  25 June 2020
CBDCs

Thai Central Bank Taps Cement Company for First Digital Currency Payments

The Bank of Thailand is integrating a CBDC payments system into the financials of the country’s oldest cement company in an extension of its Inthanon project.

News  ·  20 June 2020
Federal Reserve

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.

Policy & regulation  ·  17 June 2020
CBDCs

In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride

Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely.

Markets  ·  16 June 2020
Digital Currency

Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals

The Bank of Canada is preparing to design its own central bank digital currency (CDBC), detailing its plans in a new job posting.

Policy & regulation  ·  16 June 2020
CBDCs

S. Korea’s Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch

The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.

Policy & regulation  ·  15 June 2020
Regulation

Libra Is Ready for the Digital Money ‘Space Race’: Dante Disparte

Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.

Policy & regulation  ·  10 June 2020
Digital Currency

Digital Currencies Could Replace Low-Interest Bank Accounts, Says UN-Linked Expert

Low-interest rates have removed one of the few remaining incentives for holding a bank account, meaning digital currency could be a better alternative, argues an economics analyst.

Business  ·  5 June 2020
CBDCs

Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC

The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.

News  ·  29 May 2020
Newsletters

First Mover: Bitcoin Could Get a Boost From Central Bank Digital Currencies

CBDCs might seem to be anathema to the mission statement of bitcoin, but they may prove to be a valuable on-ramp for new investors.

Markets  ·  26 May 2020
CBDCs

Central Banks Mull Creating a CBDC, but Not on a Blockchain: Survey

Forty-six central banks would consider a broader form of distributed ledger technology for a CBDC but aren't crazy about putting it on a blockchain.

News  ·  15 May 2020
Visa

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

Tech  ·  15 May 2020
CBDCs

CipherTrace Wants to Guide Central Banks on Their Digital Currency Projects

The blockchain analytics firm is launching an initiative to pitch itself to central banks as both a tech partner and a guiding influence on future digital currency projects.

Business  ·  12 May 2020
CBDCs

Mauritius Central Banker Confirms Island’s Digital Currency Plans

The Bank of Mauritius is inching closer to issuing a retail-focused central bank digital currency (CBDC), its governor confirmed Tuesday.

Policy & regulation  ·  12 May 2020
CBDCs

The Problem With Money Is ‘Too Much Privacy,’ Says Ex-US Treasury Secretary Summers

Former U.S. Treasury Secretary Larry Summers said there may be “too much privacy” associated with government-issued cash, noting the prevalence of money laundering and its widespread use for storing and moving the proceeds from corruption.

Policy & regulation  ·  11 May 2020