Browsing the "CBDC" Tag

UK Central Bank Chief Sees Digital Currency Displacing US Dollar as Global Reserve

| Nikhilesh De

BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar.

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China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto

| Wolfie Zhao

China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface.

Thai Central Bank Builds Blockchain Solution for Digital Currency Project

| Yogita Khatri

The Bank of Thailand has moved ahead with its digital currency project lnthanon by building a blockchain-based prototype solution to settle…

Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk

| Yogita Khatri

A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.

IMF Chief Calls for Exploration of Digital Currencies

| Yogita Khatri

Christine Lagarde, head of the IMF, encouraged the exploration of central bank digital currencies in a speech on Wednesday.

Most Central Banks Back Digital Currency If DLT Improved: IBM Survey

| Wolfie Zhao

A new IBM survey finds most central banks polled back issuing a wholesale digital currency, but are still uncertain about blockchain's efficiency.

Central Bank Crypto Could Bring Economic Gains: Bank of Canada Paper

| Wolfie Zhao

Central bank-issued cryptocurrency could bring economic welfare gains for Canada and the U.S., according to a researcher from Canada's central bank. 

US Congressman Calls for Ban on Crypto Buying and Mining

| Christine Kim

A U.S. congressman called for banning all U.S. residents from buying or mining cryptocurrencies during a hearing Wednesday.

Lawmakers to Discuss If Crypto Is ‘The Future of Money’ Next Week

| Christine Kim

The U.S. House Financial Services Committee will host a crypto hearing focused on its use as a form of money next week.

PBoC Filings Reveal Big Picture for Planned Digital Currency

| Wolfie Zhao

The continuing efforts by China's central bank to build a fully-featured digital currency product are revealed in its many patent filings.