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The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape.
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.
Remarks by Mr Alejandro Díaz de León, Governor of Bank of Mexico, at the Bank for International Settlements Conference "Regulating big tech: between financial regulation, anti-trust and data privacy", 7 October 2021.
Closing speech by Mr Denis Beau, First Deputy Governor of the Bank of France, at the 4th Assises des Technologies Financières, 30 September 2021.
Traceability of Chinese CBDC amid “financial thunderbolts” from Beijing may limit appeal
The Group of Seven (G7) industrialized nations are looking forward to accepting the proposals of a draft which seeks to enshrine some set of standards in the creation and issuance of CBDCs.
Debt ceiling uncertainty erodes trust in the dollar, the DOJ announces the National Cryptocurrency Enforcement Team and the SEC investigates Circle.
Blockchain technology promises to be the foundational network layer for many systems underpinning successful smart cities.
The study is said to begin as early as this month, but a launch of CBDC remains unsure
Settling FX trades can lead to significant principal risk exposures when one counterparty to a trade sends a currency payment to the other counterparty before receiving the currency it is buying. Payment-versus-payment (PvP) mechanisms, which ensure that the final transfer of a payment in one currency occurs if and only if the final transfer of a payment in another currency or currencies takes place, can significantly mitigate principal risk.
The National Bank of Georgia is set to launch a pilot program for its Central Bank Digital Currency (CBDC) dubbed the Digital Lari by 2022.
Speech by Benoît Cœuré, Head of the BIS Innovation Hub, at the 23rd Geneva Conference on the World Economy, Geneva, 7 October 2021.
Hedge fund manager Ken Griffin singled out crypto as a threat to the U.S. dollar and stated, “I wish all this passion and energy that went to crypto was directed towards making the United States stronger.”
The Hong Kong Monetary Authority (HKMA) has published a Whitepaper to discuss the technical consideration of its proposed CBDC dubbed the e-HKD.
Kristalina Georgieva said that stablecoins "fill the digital gap in privately issued money," but labeled Bitcoin and other cryptocurrencies as assets rather than a form of money.