CBDC | ForkLog - Part 42

ForkLog 21 01.12.2020

ECB chief sees stablecoins as a threat to financial stability

The spread of stablecoins poses risks to financial stability and monetary sovereignty, according to Christine Lagarde, the head of the European Central Bank (ECB). She presented her position in an article for L’ENA hors les murs.

AI translated

ForkLog 11 30.11.2020

UAE and Saudi Arabia assess CBDC potential for cross-border payments

The UAE–Saudi mutual digital currency, issued under the Aber project, demonstrated the technical viability of cross-border payments via blockchain, according to a joint regulators' report.

AI translated

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 17 27.11.2020

ECB sees Libra launch as a threat to the future of fiat currencies

The European Central Bank warned that the appearance of the Libra stablecoin could put the fate of fiat currencies at stake. The regulator's response followed reports of Facebook's planned January 2021 launch of a digital currency, Finextra reports.

AI translated

ForkLog 9 26.11.2020

US spy chief warns of China’s dominance in digital currencies

The director of the U.S. National Intelligence John Ratcliffe urged SEC chair Jay Clayton to discuss the threat posed by China, which has been increasing its activity in the cryptocurrency space. The appeal is contained in a letter that came into the possession of the Washington Examiner.

AI translated

ForkLog 6 24.11.2020

Study finds CBDCs would safeguard user privacy

Central bank digital currencies (CBDCs) will safeguard user data privacy and prevent its transmission to commercial platforms, according to Michael Li, a researcher at the U.S. Federal Reserve.

AI translated

ForkLog 13 24.11.2020

Kazakhstan’s central bank eyes issuing its own digital currency

The National Bank of Kazakhstan is examining the possibility of introducing a central bank digital currency (CBDC), according to the regulator's statement.

AI translated

ForkLog 12 23.11.2020

Ripple opens vacancy for director of central bank engagement

The fintech company Ripple posted a vacancy for an expert specializing in central bank digital currencies (CBDCs).

AI translated

ForkLog 12 23.11.2020

Suzhou to pilot digital yuan distribution through red packets

On December 12, the authorities of the Chinese city of Suzhou will distribute the digital yuan among its residents. The red-envelope lottery will be timed to the year-end sale season, The Block reports, citing local media.

AI translated

ForkLog 22.11.2020

China’s leader urges the G20 to develop universal standards for CBDCs

Participants in the G20 should discuss developing standards for central bank digital currencies (CBDCs) with an open and constructive approach, said Xi Jinping.

AI translated

ForkLog 12 19.11.2020

BNP Paribas and Crédit Agricole to study interbank digital currency prospects

The investment divisions of the French banking giants have joined a joint project to study the potential and risks of using an interbank digital currency based on blockchain.

AI translated

ForkLog 5 19.11.2020

Japanese companies and banks to pilot private digital currency

Major Japanese companies have agreed to participate in the experiment to issue a private digital currency on a single platform. The project is set to begin in 2021, Reuters reports.

AI translated

ForkLog 7 19.11.2020

Bank of England urged to weigh the benefits of digital currencies

The Bank of England's chief economist, Andy Haldane, suggested that digital currencies could bolster financial stability. He said this at a conference hosted by TheCityUK.

AI translated

#CBDC