CBDC
What is a CBDC?
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
Philippines Central Bank To Research Further Before Launching its CBDC
Philippines Central Bank governor Benjamin Diokno has recommended further research with respect to the proposed Digital Peso, central bank digital currency.
Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development
The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project.
Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller
The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).
The Bahamas Becomes First Country to Launch its CBDC, the ‘Sand Dollar’
The Bahamas has launched the Sand Dollar, making it the first country in the world to officially release a central bank digital currency (CBDC) beyond the testing phase.
Deutsche Bank Executive Says CBDC is More of a Political Decision
Deutsche Bank Executive Burkhard Balz has noted that the decision to launch a CBDC by any country may be more of a political decision than a technical one.
Messaging Giant LINE is Developing a Platform for CBDC
Japanese messaging giant Line is developing a platform to aid Asian central banks in their pursuit of central bank digital currencies (CBDC).
China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed
As part of China’s rollout of its central bank digital currency (CBDC), the government had a $1.5 million giveaway of digital yuan to its citizens in Shenzhen.
Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First
Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.
Advancing CBDC: Bank of Canada In Search of Digital Currency Economist
The Bank of Canada is in search of an economist with expertise in digital currencies and financial technologies to help advance its CBDC drive.
ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro
President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro.