CBDC | ForkLog - Part 45

ForkLog 9 26.10.2020

Swiss central bank and BIS to begin CBDC testing

The Swiss National Bank and the Bank for International Settlements (BIS) will begin testing the national digital currency (CBDC) by the end of this year. The plans were announced by Benoît Coeuré, head of BIS's innovation hub, The Block reports, citing local media.

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ForkLog 7 25.10.2020

China says it is ready for an ‘offline-wallet’ for the digital yuan to undergo testing

It is expected that a wallet capable of transferring funds offline for both parties will be used in the next pilot stage of the digital yuan project. 8btc reports, citing the director of the China CBDC Institute.

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ForkLog 13 23.10.2020

Bank of Japan sets condition for issuing a digital currency

Japan will abandon issuing a central bank digital currency (CBDC) if the idea does not gain public support. Bloomberg reports, citing Kazusige Kamiyama, head of the Payment Systems Department of the local regulator.

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ForkLog 17 23.10.2020

PBOC to ban yuan-pegged tokens

The Chinese financial regulator has put amendments to the Law on the People's Bank of China up for public discussion. They provide for the legalisation of the digital yuan and prohibit the issuance of yuan-pegged tokens.

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ForkLog 11 23.10.2020

ECB outlines use cases for the digital euro

The digital euro could provide access to simple and secure payments, but its rollout also carries risks. This was stated by Fabio Panetta, a member of the ECB's Executive Board (ECB).

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ForkLog 12 22.10.2020

EY, Samsung and Line consortium bids for Korea CBDC pilot

The Bank of Korea has received the first application to test its own digital currency (CBDC). The bid was submitted by a consortium led by EY's Korea arm, part of the Big Four auditing firms, The Block reports.

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ForkLog 10 22.10.2020

Philippine central bank doubts imminent CBDC launch

The Philippine central bank's working group sees a need for further study into the possibility of issuing its own CBDC, said regulator head Benjamin Diokno. This was reported by Inquirer.

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ForkLog 8 22.10.2020

Ledger Vault to participate in France’s national digital currency project

Forge, the technology arm of the French banking giant Societe Generale, selected the Ledger Vault platform to test the security protocol for a central bank digital currency (CBDC).

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ForkLog 7 22.10.2020

Changpeng Zhao weighs in on CBDCs and the BitMEX case

CEO of Binance, Changpeng Zhao, told Fortune in an interview how he sees the future of central bank digital currencies (CBDCs) and what the pursuit of the BitMEX trading platform by U.S. regulators means for the industry.

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ForkLog 18 21.10.2020

Bundesbank warns of risks posed by digital euro to the financial system

Member of the Executive Board of the German Bundesbank Burkhard Balz believes that the introduction of the digital euro could have sweeping consequences for the entire financial system.

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ForkLog 15 21.10.2020

Bahamas rolls out sovereign digital currency

The Bahamas' central bank digital currency (CBDC), the Sand Dollar, has become available to all residents of the archipelago. The launch took place on 20 October at approximately 22:00 UTC.

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ForkLog 51 21.10.2020

What is a central-bank digital currency (CBDC)?

CBDCs are digital forms of sovereign money, issued by central banks. This guide outlines why they are being explored, their architectures, where pilots are under way and the attendant risks.

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#CBDC