Central Banks

CBDCs

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

Tanzeel AkhtarJan 22, 2021

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

CBDCs

Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

Daniel PalmerNov 6, 2020

Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.

India

India Grants Crypto Holders Reprieve Ahead of Likely Ban: Report

Sebastian SinclairFeb 12, 2021

The window of opportunity for investors to cash out to fiat is expected to be between three and six months.

CBDCs

Benoit Coeure Spells Out BIS Plan for CBDC Trial Starting in 2020

Daniel PalmerOct 26, 2020

BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.

CBDCs

Digital Ruble ‘Promising,’ Pilot Likely in 2021, Says Bank of Russia Chief

Anna BaydakovaOct 23, 2020

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

Philippines

Philippines Central Bank Governor: No Digital Peso Before 2023

Jaspreet Kalra

The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023.

CBDCs

Digital Ruble Could Be Tool Against Sanctions, Bank of Russia Says

Anna Baydakova

Russia's central bank says a digital ruble could make Russia less dependent on the U.S. dollar and more resistant to foreign sanctions.

CBDCs

Central Banks Haven’t Made a Good Case for Digital Currencies: WSJ’s Heard on the Street

Kevin Reynolds

Central banks are rushing into digital currencies without considering how the risks might outweigh any benefits, the column argues.

CBDCs

Federal Reserve, 6 Other Central Banks Set Out Core Digital Currency Principles

Daniel Palmer

The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.

CBDCs

South Korea’s Central Bank to Test Digital Currency in 2021

Daniel Palmer

The Bank of Korea is to run virtual trials of a possible central bank digital currency through 2021.

Canada

CBDC Design Needs to Address Risk to Users, Says Bank of Canada

Daniel Palmer

Building an anonymous central bank digital currency (CBDC) presents security risks – not only to the issuer but to the users themselves, says the Bank of Canada.

Oman

Oman Central Bank Warns on Crypto ‘Risk,’ Singles Out Dagcoin

Daniel Palmer

The central bank warned citizens and residents they use cryptocurrencies at their own risk.