Tag: CBDC
News about central bank digital currencies (CBDC).
China to Create Global Network for Mobile Payments Based on Digital Yuan
Reading Time: < 1 minuteChina is exploring the possibility of setting up an international mobile payment clearing and settlement network based on the national digital yuan cryptocurrency.
US Federal Reserve: We Need to Win the CBDC Race
Reading Time: < 1 minuteLael Brainard, member of the Board of Governors of the US Federal Reserve System (FRS), has said that the US needs to “urgently” accelerate the development of the digital dollar.
People’s Bank of China Releases Digital Yuan WhitePaper
Reading Time: < 1 minuteThe People’s Bank of China, the central bank of the country, has just published the whitepaper of the e-CNY, the digital version of the yuan.
UAE to Develop a National Digital Currency
Reading Time: < 1 minuteThe Central Bank of the United Arab Emirates has just announced it intends to develop its own national digital currency (CBDC).
Central Bank of Singapore, IMF and World Bank Launch Initiative to Address Challenges of Retail CBDCs
Reading Time: < 1 minuteThe Monetary Authority of Singapore (MAS), the IMF, the OECD, the World Bank and the Asian Development Bank have just launched an initiative aimed at addressing 12 challenges in the design of retail central bank digital currencies (CBDCs).
The Bank of Israel Launches Pilot of its Digital Currency
Reading Time: < 1 minuteThe Bank of Israel, the country’s central bank, has issued a pilot of its central bank digital currency (CBDC).
Official From ECB Says Digital Euro Offers Higher Level of Privacy than Private Stablecoins
Reading Time: < 1 minuteA potencial digital euro issued by the ECB would offer a higher level of privacy to users than stablecoins issued by private companies.
Hong Kong is Interested in Launching a Retail Digital Currency
Reading Time: < 1 minuteThe Hong Kong Monetary Authority (HKMA) has just announced it is exploring the possibility of issuing a retail central bank digital currency.
Bank of Canada: We Don’t Need a Digital Dollar Now
Reading Time: < 1 minuteCanadian central bank Bank of Canada sees no real reason to issue a central bank digital currency (CBDC) at the moment.
South Korea is Closer to Start Pilot of Digital Won
Reading Time: < 1 minuteThe central bank of South Korea is one step closer to launch its own central bank digital currency or CBDC.
The Federal Reserve of the US to Publish Discussion Paper on CBDC
Reading Time: < 1 minuteThe Federal Reserve of the US has just announced it will release this summer a public discussion paper on the use cases of a CBDC.
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