CBDC | ForkLog - Part 26

ForkLog 8 23.09.2021

Ripple to help Bhutan test CBDC

The Royal Monetary Authority of Bhutan (RMA) has partnered with fintech company Ripple to pilot a central bank digital currency (CBDC).

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ForkLog 7 17.09.2021

Britain begins study of CBDCs

The Lords' Economic Affairs Committee has begun examining central bank digital currencies (CBDCs). The UK Parliament's website reports this.

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ForkLog 12 10.09.2021

BIS urges central banks to accelerate CBDC development

Stablecoins and the DeFi sector will challenge the business models of traditional banks, so monetary regulators should accelerate the creation of official alternatives to private instruments. This was stated by BIS head Benoît Cœuré.

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ForkLog 8 09.09.2021

Guatemala and Honduras central banks to study issuing CBDCs

Reuters reports that central banks of Guatemala and Honduras are examining the potential introduction of national digital currencies (CBDCs).

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ForkLog 12 03.09.2021

Lagarde rejects comparisons between stablecoins and currencies

All cryptocurrencies and stablecoins, including stablecoins, fall under the definition of speculative assets, and recognizing them as currencies is inappropriate. This view was outlined by Christine Lagarde, president of the European Central Bank (ECB).

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ForkLog 11 02.09.2021

Four central banks will test cross-border CBDC settlements

As part of the BIS's new project named 'Danbar', the central banks of Australia, Malaysia, Singapore and South Africa will create prototypes of platforms for cross-border CBDC settlements. This is reported in a BIS press release.

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ForkLog 9 01.09.2021

State-owned Chinese banks test the digital yuan for purchases of financial products

State-owned Chinese banks Bank of Communications and China Construction Bank, in cooperation with asset managers and insurers, will test the possibility of using the digital yuan when purchasing financial products.

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ForkLog 6 30.08.2021

Alibaba partner to launch app for ‘Mining on the Go’

The Zhiji Auto electric-vehicle maker, backed by Alibaba, has developed an app that enables drivers to earn digital currency for the distance travelled.

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ForkLog 13 30.08.2021

Singapore central bank names finalists in retail CBDC solutions competition

The Monetary Authority of Singapore (MAS) announced 15 finalists in a global competition to develop retail central bank digital currency (CBDC) solutions.

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ForkLog 14 30.08.2021

Nigeria’s central bank issues draft guidelines for CBDC rollout

The Central Bank of Nigeria unveiled a draft of guiding principles for the planned national digital currency (CBDC). Cointelegraph reports.

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ForkLog 15 30.08.2021

China plans global mobile-payments network based on digital yuan

China plans to create an international clearing and settlement network for mobile payments using the digital yuan. CoinDesk reports, citing Renmin Ribao.

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ForkLog 9 27.08.2021

RBI outlines possible timeline for CBDC testing

The Reserve Bank of India (RBI) could launch the first pilot programs for the national digital currency (CBDC) by December. This was stated by RBI Governor Shaktikanta Das in an interview with CNBC.

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#CBDC