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CBDCs only solution to 'smooth continuation' of the monetary system: ECB
18.8.2022
The European Central Bank working paper sought to identify issues and consensus regarding CBDCs, as well as to identify gaps in the research — such as what users want
Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases
10.8.2022
The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital...
How Central Banks and CBDCs Could End Democracy
7.8.2022
Ori Freiman, Postdoctoral Fellow, Centre for Ethics, the University of Toronto._____
In recent years, we have witnessed a growing interest in the idea of central bank digital currencies. Similar to cash, central bank digital currencies are a form of money issued by central banks. ...
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European Central Bank bets on CBDCs over BTC for cross-border payments
2.8.2022
ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments
23.7.2022
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year...
Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor
21.7.2022
Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, has said. Emefiele said the central bank is working on a channel that would enable...
Harvard Professor Rogoff: Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies
20.7.2022
Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says central banks and governments are “way behind the curve” in regulating cryptocurrencies. He added that officials throw out the idea of having central bank digital...
Australian Central Bank Chief Believes Regulated Private Tokens Could be Better Than CBDCs: Report
18.7.2022
Digital currencies focused on consumers and regulated could be better when privately issued rather than by central banks, according to Australian central bank governor
US Treasury study finds CBDCs a plus for commercial bank stability
13.7.2022
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study
Banco de Pagos Internacionales pide una colaboración global en el diseño de CBDCs
11.7.2022
El grupo con sede en Basilea publicó el lunes un informe conjunto en colaboración con el FMI y el Banco Mundial
Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says
28.6.2022
Not all countries “play nicely” with each other, complicating how central bank digital currencies will interact with other payment systems, said Cecilia Skingsley, first deputy governor at the Swedish central bank
CBDCs ‘An Investment’ to Protect the Fiat System, Cash Will Disappear, Swedish Central Banker Says
28.6.2022
A central bank digital currency (CBDC) is “an investment” to protect the current fiat monetary system, according to a central banker from Sweden, who also argued that cash will soon be history....
Read More: CBDCs ‘An Investment’ to Protect the Fiat System, Cash Will Disappear, Swedish Central...
BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off
23.6.2022
The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point,...
BIS: 90% of Central Banks are researching the utility of CBDCs
21.6.2022
The institution's future monetary vision includes exploring innovations grounded in trust in central banks' stable sovereign currencies and safe payment systems
Las CBDCs y no las criptomonedas serán clave para el sistema monetario del futuro, según el BIS
21.6.2022
Un capítulo de 42 páginas en el Reporte Económico Anual 2022 del Banco de Pagos Internacionales prevé un futuro en el que la programabilidad y la tokenización se construirán en base a las monedas digitales de los bancos centrales
CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says
21.6.2022
Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs
13.6.2022
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian...
Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate
9.6.2022
You know it’s going to be a fiery conversation when one of the panelists says “F**k the Fed” in his opening statement
IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments
8.6.2022
In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities
‘CBDCs are the natural evolution,’ says HyperLedger director Barbosa
6.6.2022
In an interview filmed during the World Economic Forum in Davos, Daniela Barbosa gives the floor to enterprise blockchains and the future of currencies