CBDC | ForkLog - Part 30

ForkLog 16 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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ForkLog 22 30.06.2021

Ukraine passes law regulating the issuance of CBDCs

On 30 June, the Verkhovna Rada of Ukraine passed in the second reading and in full the law 'On Payment Services', which among other things regulates the general principles for issuing central bank digital currencies (CBDCs).

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ForkLog 14 30.06.2021

Fed vice-chair urges not to fear stablecoins and questions the case for a CBDC

US authorities must find ways to integrate stablecoins into the financial system. With this statement, Randall Quarles, vice chair of the Federal Reserve System (Fed), spoke.

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ForkLog 7 30.06.2021

Spain proposes a national digital currency as an alternative to the euro

The Spanish Socialist Workers' Party (PSOE) proposed considering issuing a national digital currency in response to the decline in cash usage in the country. This was reported by El Economista.

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ForkLog 5 29.06.2021

New York Fed chief: CBDCs pose challenges for central banks

The potential rollout of national digital currencies (CBDCs) poses a challenge to central banks. This view was voiced by New York Fed President John Williams, according to Reuters.

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ForkLog 15 29.06.2021

Singapore’s central bank, IMF and World Bank launch initiative to tackle retail CBDC challenges

Singapore's Monetary Authority (MAS), with the participation of the IMF, OECD, World Bank and the Asian Development Bank, launched a competition inviting participants to propose solutions to 12 challenges in the design of retail national digital currencies (CBDCs).

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ForkLog 18 28.06.2021

Opinion: Bitcoin will never replace fiat, unlike CBDCs

Former Greek finance minister Yanis Varoufakis told Greek Reporter in an interview that the limited issuance of the first cryptocurrency makes it unsuitable to replace fiat money.

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ForkLog 8 28.06.2021

BBVA questions demand for the digital euro

ECB should rely on cooperation with commercial banks in issuing the digital euro, according to Pablo Urbiola, head of BBVA's digital regulation and trends division.

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ForkLog 15 27.06.2021

Swiss National Bank: No Need for a Digital Franc

The Swiss National Bank (SNB) does not plan to issue a digital franc, although it is conducting research into CBDC. This was stated by the institution's chief economist, Carlos Lenz, according to Handelszeitung.

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ForkLog 5 25.06.2021

Media: Palestine begins study of CBDC

The Palestinian Monetary Authority is studying the development of a national digital currency (CBDC). Bloomberg reports, citing the regulator's head, Feras Milhem.

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ForkLog 10 24.06.2021

Bank of Israel employs Ethereum technology in CBDC experiments

In Israel, Ethereum blockchain technology was adapted for a pilot project studying a central bank digital currency (CBDC), according to Globes.

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ForkLog 14 23.06.2021

BIS says CBDCs are a concept whose time has come

Central bank digital currencies (CBDCs) are moving from concept to practical implementation, updating the institution of money for the digital era, according to Hyun Song Shin, head of research at the Bank for International Settlements (BIS).

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