Browsing the "CBDCs" Tag

Russian Central Bank Chief: ‘No Obvious Need’ for National Cryptocurrency

| Daniel Palmer

Russia's central bank sees no strong reason to launch a national cryptocurrency that would override the potential risks, according to its chief.

China’s Central Bank ‘Close’ to Launching Official Digital Currency

| Daniel Palmer

An official at China's central bank has said the institution is nearing the launch of its national digital currency.

japan, currency

Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash

| Daniel Palmer

A Bank of Japan official has ruled out the launch of a central bank digital currency because to do so may require the country to abandon cash.

Marshall Islands Sets Up Non-Profit to Oversee National Digital Currency

| Benedict Alibasa

The Marshall Islands has set up a not-for-profit organization to oversee the Pacific nation's digital legal tender, the SOV.

Bundesbank Chief Warns on Risks of Central Bank Digital Currencies

| Benedict Alibasa

The head of Germany's central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs.

ECB Official Says Wholesale Central Bank Digital Currency a ‘Viable Option’

| Yogita Khatri

A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.

yen, dollar

Digital Renminbi: A Fiat Coin to Make M0 Great Again

| Dovey Wan

Anonymous, cryptocurrencies could become more important in an environment where government money is closely controlled, says Dovey Wan.

Over 40 Central Banks Are Considering Blockchain Applications: Davos Report

| Nikhilesh De

More than 40 central banks are experimenting with blockchain, says a new report by the World Economic Forum.

Pakistan Central Bank Eyes Digital Currency Launch by 2025

| Yogita Khatri

The State Bank of Pakistan, the country’s central bank, is reportedly considering launching a digital currency as part of a modernization drive.

Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

| Yogita Khatri

BIS chief Agustin Carstens has said that central banks are wary about issuing digital currencies due to the "huge operational consequences."