CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

IMF, World Bank and BIS Collaborating on Uses of Tokenization
IMF, World Bank and BIS Collaborating on Uses of Tokenization
November 28, 2023  |  Payments Innovation

The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization...

READ MORE >
Bank for International Settlements: Digital Euro Project Enters ‘Preparation Phase’
Bank for International Settlements: Digital Euro Project Enters ‘Preparation Phase’
November 22, 2023  |  CBDC

The digital euro is feasible, and now comes the next chapter. In a speech delivered Tuesday (Nov. 21) and published by the Bank for International...

READ MORE >
Mastercard Says Robust Payment Networks Prevent Need for Retail CBDC
Mastercard Says Robust Payment Networks Prevent Need for Retail CBDC
November 17, 2023  |  CBDC

Mastercard said the widespread adoption of central bank digital currencies (CBDCs) faces challenges due to consumer comfort with traditional forms of money. CBDCs would have...

READ MORE >
Monetary Authority of Singapore Unveils Plans for Digital Money 
Monetary Authority of Singapore Unveils Plans for Digital Money 
November 16, 2023  |  CBDC

The Monetary Authority of Singapore (MAS) has unveiled a series of initiatives aimed at ensuring the secure and innovative utilization of digital money in the country.  These...

READ MORE >
Switzerland’s Central Bank Plans December CBDC Pilot
Switzerland’s Central Bank Plans December CBDC Pilot
November 02, 2023  |  CBDC

The Swiss National Bank (SNB) is set to begin piloting a wholesale digital franc next month. The bank, along with six other lenders from Switzerland, Germany and...

READ MORE >
Visa Completes Pilot Test of CBDC in Hong Kong
Visa Completes Pilot Test of CBDC in Hong Kong
November 02, 2023  |  CBDC

Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs)....

READ MORE >
Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
October 27, 2023  |  Cryptocurrency

Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital...

READ MORE >
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
October 17, 2023  |  CBDC

Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at...

READ MORE >
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

READ MORE >