CBDC | ForkLog - Part 20

ForkLog 16 15.04.2022

BIS identifies drivers of CBDC appeal for central banks

Improving the efficiency of payment systems is the main motivation for central banks of developing countries considering CBDC adoption. This finding comes from the BIS study.

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ForkLog 5 14.04.2022

Fed weighs feasibility of a digital dollar

The Fed is examining the potential risks and benefits of a national digital currency (CBDC) through research and experimentation. A final decision on issuance has not been made.

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ForkLog 10 13.04.2022

Brazil reveals timelines for CBDC pilot project

The Central Bank of Brazil plans to roll out a pilot project for the national digital currency (CBDC) in the second half of 2022, according to regulator president Roberto Campos Neto.

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ForkLog 16 13.04.2022

Bank of Canada questions the need for international coordination on CBDC launch

Achieving consensus with other central banks on deploying CBDCs is not a priority for the Bank of Canada (BOC), said Dinesh Shah, director of fintech research, in an interview with The Block.

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ForkLog 15 03.04.2022

China to expand digital yuan testing program

The People's Bank of China will expand pilot testing of the digital yuan to an even larger number of cities. The regulator noted the rise in CBDC transactions and the success of the experiment during the 2022 Winter Olympics.

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ForkLog 13 22.03.2022

Four central banks complete pilot of CBDC use in cross-border settlements

The BIS Innovation Hub, together with the central banks of Australia, Malaysia, Singapore and South Africa, designed two prototypes of a platform for cross-border payments using multiple CBDCs.

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ForkLog 6 10.03.2022

Tether CTO: CBDC rollout will not affect the stablecoin market

The rollout of central bank digital currencies will not affect the stablecoin market. This was stated by Paolo Ardoino, the chief technology officer of Tether, the company behind USDT.

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ForkLog 11 23.02.2022

IMF warns of money-laundering risks in Nigeria’s digital naira

Nigeria's digital naira could pose money-laundering and terrorist-financing risks. This is stated in an IMF briefing document.

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ForkLog 14 14.02.2022

Jamaica outlines CBDC launch timeline

Jamaica plans to issue a central bank digital currency (CBDC) in 2022, according to Prime Minister Andrew Holness.

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ForkLog 7 11.02.2022

EU sets out timeline for digital euro bill

In early 2023 the European Union will review a bill on a central bank digital currency (CBDC). Politico reported that EU financial affairs commissioner Mairead McGuinness said.

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ForkLog 7 07.02.2022

Senator Pat Toomey Warns that the Digital Yuan Poses a Threat to US National Security

Senator Pat Toomey, a member of the U.S. Senate Banking Committee, urged Treasury Secretary Janet Yellen and Secretary of State Antony Blinken to study China’s use of the digital yuan at the Olympics. He says the eCNY poses a threat to the interests of the US economy and national security.

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ForkLog 10 06.02.2022

Bank of England says retail CBDC wallet launch is ‘unlikely’.

Even if a CBDC is approved, the Bank of England does not intend to develop a wallet for retail use of the national digital currency.

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