News
3,653 articles tracked
CBDCs Report: Switzerland may want to seriously consider Central Bank Digital Currency projects to remain competitive:
The Central Bank of the United Arab Emirates has plans to develop an in-house digital currency by 2026.
Prime minister orders central bank to develop blockchain-based prototype by 2023
"There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years," said Guardtime.
A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development.
A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins.
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs.
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape.
The Monetary Authority of Singapore (MAS) and Banque de France (BdF) say the two agencies have successfully completed a test using central bank digital currency (CBDC) for a wholesale cross-border payment and settlement. Both jurisdictions have been known to be experimenting with CBDCs with the
The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country.
BIS says volatile cryptos like Bitcoin failed as payment method, but stablecoins, CBDCs may be effective for transactions.