CBDC | ForkLog - Part 29

ForkLog 10 09.07.2021

BIS urges greater focus on cross-border CBDCs

Central banks developing national digital currencies (CBDCs) should devote greater attention to their use in cross-border transfers than to domestic applications. These recommendations are contained in a new BIS report.

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ForkLog 12 09.07.2021

Ukraine identifies potential uses for the e-hryvnia

The National Bank of Ukraine (NBU) conducted a poll among a hundred financial experts on the most preferred areas of application for the e-hryvnia.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 10 09.07.2021

In South Korea, students earn digital currency for visiting the toilet

Ulsan National Institute of Science and Technology uses feces to generate electricity. For each visit to the toilet, students are paid the digital currency Ggool.

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ForkLog 10 08.07.2021

France and Singapore tested CBDC in cross-border wholesale payments

The Bank of France and the Monetary Authority of Singapore have successfully completed an experiment using a central bank digital currency (CBDC) for wholesale cross-border payments and settlements.

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ForkLog 16 08.07.2021

PBoC deems Bitcoin and stablecoins speculative instruments

Fan Yifei, deputy governor of the People's Bank of China, said that Bitcoin and stablecoins have become speculative instruments, posing risks to the security of the financial system and social stability.

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ForkLog 19 07.07.2021

Jamaica to launch CBDC pilot in August

The Bank of Jamaica announced that, from August, it will begin a pilot deployment of the national digital currency (CBDC) system with the country's financial institutions, according to the Jamaica Observer.

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ForkLog 12 07.07.2021

RBNZ to Hold Consultations on Potential CBDC Issuance

The Reserve Bank of New Zealand has announced a study into the potential of a national digital currency (CBDC) by the end of the year as part of a series of consultations.

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ForkLog 11 05.07.2021

Stellar Development Foundation joins the Association of Ukrainian Banks

The non-profit Stellar Development Foundation (SDF), behind the Stellar blockchain, has joined the Association of Ukrainian Banks.

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ForkLog 11 05.07.2021

Japan to unveil a detailed CBDC plan by year-end 2022

Japan will develop a more detailed plan regarding CBDC by the end of 2022. This was stated by Hideki Murai, head of the ruling Liberal Democratic Party's digital-currency group.

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ForkLog 16 02.07.2021

China to trial digital yuan with restricted use cases

Authorities in Chengdu, the capital of Sichuan province, will distribute 12 million digital yuan ($1.85 million) among residents. A defining feature of this distribution is the programmable use cases of the CBDC.

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ForkLog 27 01.07.2021

Bank of England predicts a transformation of banking models after CBDC issuance

The emergence of national digital currencies (CBDCs) will reduce the risk of financial crises by lowering banks' leverage. This view was voiced by the Bank of England's chief economist, Andrew Haldane.

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ForkLog 11 30.06.2021

Beijing and Suzhou extend metro payments to the digital yuan.

Participants in the Beijing CBDC trial can pay fares on all metro lines using CBDC. The corresponding decision was adopted by the capital's municipal authorities.

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