Central Banks Haven’t Made a Good Case for Digital Currencies: WSJ’s Heard on the Street
Central banks are rushing into digital currencies without considering how the risks might outweigh any benefits, the column argues.
BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.
Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.
The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023.
Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.