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

BIS: 93% of Central Banks Working on Digital Currencies
BIS: 93% of Central Banks Working on Digital Currencies
July 10, 2023  |  CBDC

A new Bank of International Settlements (BIS) survey shows the increasing popularity of central bank digital currencies. The survey, released Monday (July 10), found that the share of central...

READ MORE >
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
July 07, 2023  |  CBDC

DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China...

READ MORE >
Will Private Blockchain and the Fed Make Tokenized Deposits Mainstream?
Will Private Blockchain and the Fed Make Tokenized Deposits Mainstream?
July 07, 2023  |  CBDC

A digital dollar may be on the horizon — or at least, it’s feasible. After a 12-week project, the Federal Reserve and nine marquee names in banking said Thursday...

READ MORE >
NY Fed: Digital Dollar Could Improve Cross-Border Payments
NY Fed: Digital Dollar Could Improve Cross-Border Payments
July 06, 2023  |  CBDC

The New York Federal Reserve said a digital dollar could improve cross-border and domestic payments. That’s according to the results of a test by the Fed’s New...

READ MORE >
EU Wants Digital Euro to Complement Cash, Not Replace It
EU Wants Digital Euro to Complement Cash, Not Replace It
June 28, 2023  |  CBDC

The European Commission (EC) says a digital euro should complement cash, not replace it. The EC on Wednesday (June 28) published a pair of proposals...

READ MORE >
ECB Proposal: Benefits of Digital Euro Outweigh the Costs
ECB Proposal: Benefits of Digital Euro Outweigh the Costs
June 26, 2023  |  CBDC

The European Union will reportedly publish draft rules governing a digital euro this week. The regulations provide the legal basis for the digital currency, assuming...

READ MORE >
eCurrency Mint and CMA Form RTGS/CBDC Partnership
eCurrency Mint and CMA Form RTGS/CBDC Partnership
June 26, 2023  |  CBDC

eCurrency Mint has joined forces with financial markets solutions provider CMA. The partnership, announced Monday (June 26), will provide customers with an integrated real-time gross settlement (RTGS) and central...

READ MORE >
Swiss National Bank Preps Test of Wholesale CBDC
Swiss National Bank Preps Test of Wholesale CBDC
June 26, 2023  |  CBDC

Switzerland’s central bank is reportedly planning to issue a wholesale digital currency. The project will happen on the country’s SIX digital exchange, Swiss National Bank...

READ MORE >
IMF Director: 10 Central Banks ‘Crossing the Finish Line’ on CBDC
IMF Director: 10 Central Banks ‘Crossing the Finish Line’ on CBDC
June 19, 2023  |  CBDC

The International Monetary Fund (IMF) is working on a worldwide central bank digital currency (CBDC) infrastructure. That platform would allow for interoperability of CBDC settlements and...

READ MORE >