Central Bank Digital Currency

Facebook

New Head of China’s Digital Currency Says It Beats Facebook Libra on Tech Features

The PBoC's new digital currency chief has said its upcoming digital yuan has features not offered by Facebook Libra.

Policy & regulation  ·  6 September 2019
Central Bank Digital Currency

Rwanda’s Central Bank Is Researching a Possible Digital Currency Launch

The National Bank of Rwanda (NBR) is looking at other countries, specifically Canada, the Netherlands, and Singapore’s central bank digital currency research.

Markets  ·  22 August 2019
China

China’s Central Bank ‘Close’ to Launching Official Digital Currency

An official at China's central bank has said the institution is nearing the launch of its national digital currency.

Policy & regulation  ·  12 August 2019
Regulation

BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.

Policy & regulation  ·  1 July 2019
Regulation

Russia’s Central Bank Is Considering Launching a Digital Currency

The head of Russia's central bank has said the institution is investigating the possible future launch of a digital currency.

Policy & regulation  ·  17 June 2019
Regulation

Pakistan Central Bank Eyes Digital Currency Launch by 2025

The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.

Policy & regulation  ·  2 April 2019
Central Banks

Eastern Caribbean Central Bank to Test Blockchain Legal Tender

The ECCB is about to conduct a pilot for a blockchain-based central bank digital currency in preparation for a planned full rollout.

Markets  ·  6 March 2019
Banking

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.

Policy & regulation  ·  29 January 2019
Central Bank Digital Currency

The Era of Central Bank Digital Currencies Is Within Reach

A phased roll-out of a central bank digital currency is not only possible, but may be what certain regions need, says R3's research lead.

Policy & regulation  ·  8 December 2018
China

PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto

China's central bank is looking to recruit blockchain tech and legal experts as it continues development of a yuan-based digital currency.

Policy & regulation  ·  11 October 2018
Stablecoins

PBoC Op-Ed Pushes Use Case for Yuan-Pegged Crypto Stablecoins

A researcher from the People's Bank of China voiced support for yuan-pegged stablecoins in an op-ed published Tuesday.

Policy & regulation  ·  10 October 2018
Europe

ECB Has ‘No Plans’ to Issue a Digital Euro, Says Mario Draghi

The chief of the European Central Bank, Mario Draghi, said Friday that the institution has "no plans" to issue a digital currency, Reuters reports.

Policy & regulation  ·  14 September 2018
Mining

Iran’s Recognition of Crypto Mining Prompts Local Bitcoin Price Spike

The Iranian government has recognized bitcoin mining as a lawful activity, briefly sending bitcoin prices to record levels at the country's exchanges.

Markets  ·  6 September 2018
Exchanges

India Eyes State Digital Currency to Cut $90 Million Banknote Bill

The Reserve Bank of India is mulling a central bank digital currency as a means to reduce the country's huge spend on minting physical cash.

Policy & regulation  ·  30 August 2018
Banking

Bitt Inks Blockchain Deal With Another Caribbean Central Bank

Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten to look into issuing a central bank-backed digital currency for the two nations.

Policy & regulation  ·  13 August 2018