CBDC
UK Lawmakers Urge Lower Digital Pound Holding Limits
They also want the government to tweak plans to make sure the CBDC’s design won’t preclude the possibility of paying interest on the digital pound.
By Sandali Handagama, Camomile ShumbaDec 4, 2023
Central Bank Project Shows CBDC Payments Can Be Private
The BIS project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the initiative said.
By Camomile ShumbaNov 29, 2023
Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues
Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency.
By Sandali HandagamaNov 28, 2023
Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDCs
The Bank for International Settlements has been calling on countries to prepare for CBDCs as governments face backlash over privacy concerns.
By Camomile ShumbaNov 28, 2023
Digital Euro Can End Bank Crises, Is Better Than Deposits, Ex-Bank of Spain Chief Says
A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing on a digital euro.
By Sandali HandagamaNov 28, 2023
Standard Chartered China Offering Exchange Services for Digital Yuan
The bank will give customers access to the digital RBM's interconnection platform, offering recharge and redemption.
By Jamie CrawleyNov 27, 2023
South Korea to Pilot CBDC With 100K Citizens in 2024
The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers
By Jamie CrawleyNov 23, 2023
Digital Euro Isn't Pressing, but Work Should Continue: Spanish Central Bank Governor
Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said.
By Sandali HandagamaNov 22, 2023
CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds
A Bank for International Settlements, or BIS, study found that privacy increases participants' willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.
By Camomile ShumbaNov 17, 2023
CBDCs Good for Payments, Even With Competition: IMF
The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.
By Sandali HandagamaNov 15, 2023
