CBDCs

Digital Currency

Swiss National Bank Has No Plans for a Digital Currency: Report

The Swiss National Bank tested the feasibility of CBDCs in 2020.

News  ·  26 June 2021
CBDCs

Palestine’s Central Bank Reportedly Mulling a CBDC Launch

Palestinians do not have an independent currency, and rely on the Israeli shekel and Jordanian dinar.

Policy & regulation  ·  24 June 2021
CBDCs

BIS Says Bitcoin Has Few Redeeming Attributes

Cryptocurrencies are "speculative assets rather than money" used in many cases to facilitate financial crime, the central bank organization said.

News  ·  23 June 2021
CBDCs

Bank of Israel Has Already Tested a Digital Shekel

The official said he is not optimistic about an Israeli CBDC being launched.

News  ·  21 June 2021
CBDCs

Banque de France Extends Wholesale CBDC Experiment

The French central bank used a CBDC to simulate the settlement of securities trading.

News  ·  21 June 2021
CBDCs

European Central Bank Can Better Protect Digital Payment Privacy, Exec Board Member Says

Privacy in the digital euro is a focal point for Europeans as are concerns of security and interoperability.

News  ·  21 June 2021
Bitcoin Mining

Bank of England: Any UK CBDC Will Be ‘Tens of Thousands’ Times More Efficient Than Bitcoin

The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”

Policy & regulation  ·  17 June 2021
Europe

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
CBDCs

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