Articles with tag: central bank digital currency

Found 25 results in 174 milliseconds.

Does China's Digital Currency have a chance to supplant a digital dollar as a global reserve currency?

05 Aug 2020 | Cryptocurrencies

The principal threat to the role of the dollar as Prime currency comes not from Facebook but from China’ ‘The Digital Currency Revolution’ by David Birch

David Birch, digital currency, central bank digital currency, Facebook, China, trade, economy, central bank reserves, central bank, payments, innovation

Suzhou signs MOU with Cypherium to advance blockchain development after CBDC trials

29 Jul 2020 | Cryptocurrencies

Cypherium, an enterprise-focused blockchain platform, has signed a Memorandum of Understanding with Suzhou City Municipal to advance the city’s development of blockchain infrastructure.

Cypherium, blockchain, CBDC trials, China, DC/EP, central bank digital currency

Central Bank Digital Currencies: evolution, not revolution

24 Jul 2020 | Cryptocurrencies

In our second instalment of CBDC series, Barry Topf, Chief Economist at Saga Monetary Technologies, discusses the potential CBDCs hold but also the great hidden risks, especially in terms of privacy

Saga Monetary Technologies, Barry Topf, CBDC, Central Bank Digital Currency, crypto, digitalisation, tokens, trust, security, central banks, central bank money, interest rate, financial stability, Saga token, SGA

Central Bank Digital Currencies for dummies – a quick guide into CBDCs from the Dutch Central Bank

24 Jul 2020 | Cryptocurrencies

Harro Boven, Policy Advisor at the Dutch Central Bank: ‘The introduction of CBDC would involve a structural reform of the monetary system

Central Bank Digital Currency, CBDCs, Covid-19, digitalisation, cenytral banks, crypto, cash decline, bank account, financial stability, Harro Boven, DNB

Bank of Japan sets up new team to explore Central Bank Digital Currency

22 Jul 2020 | Online & Mobile Banking

The Bank of Japan (BOJ) has set up a new team to explore the implications of central bank digital currencies.

Bank of Japan, banks, Central Bank Digital Currency, BOJ, CBDC, digital currencies, Japan

Banque de France announces candidates for experiments with Central Bank Digital Currency (CBDC)

21 Jul 2020 | Payments General

Banque de France has announced the overview of candidates selected for experiments with Central Bank Digital Currency (CBDC).

Accenture, Euroclear, HSBC, Iznes, LiquidShare, ProsperUS, SEBA Bank, Société Générale, banking, central bank digital currency, CBDC, Banque de France, payments

BoE considering the launch of a digital currency

14 Jul 2020 | Cryptocurrencies

Bank of England (BoE), UK’s central bank, has announced the possibility of launching a digital currency.

BoE, digital currency, Bank of England, UK, banks, central bank digital currency, CBDC, payments, coronavirus, COVID-19

MAS completes Project Ubin for Central Bank Digital Currency

14 Jul 2020 | Cryptocurrencies

The Monetary Authority of Singapore (MAS) and Temasek have released a report to mark the successful conclusion phase of Project Ubin.

Project Ubin, MAS, Monetary Authority of Singapore, Temasek, JP Morgan, Central Bank Digital Currency, CBDC, blockchain, payments, multicurrency, ecosystem, cross-border payments, multiple currencies, foreign currency exchange

Chinese ride-hailing DiDi to trial China's central bank digital currency

14 Jul 2020 | Cryptocurrencies

DiDi, a large Chinese ride-hailing company, has created a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform.

DiDi, ride hailing, central bank digital currency, CBDC, China, DCEP, electronic payments, banks

Bank of Japan explores the potential offline use of a digital yen via CBDC

08 Jul 2020 | Cryptocurrencies

The Bank of Japan (BoJ) has published a research paper exploring the potential offline use of a digital yen using central bank digital currency (CBDC).

CBDC, central bank digital currency, decentralised CBDC, electronic money, smartphone, distributed ledger, SIM, cards, payments, Bank of Japan, Japan, BoJ

Italian banks preparing to trial a digital Euro

22 Jun 2020 | Cryptocurrencies

The Italian Banking Association (ABI), made up of over 700 Italian banking institutions, has announced that its banks are willing to pilot a digital euro.

central bank digital currency, CBDC, banking, digital euro, Italy, blockchain, ABI

China to take on Bitcoin, Facebook's Libra, and the US dollar with digital currency scheme

18 Jun 2020 | Cryptocurrencies

An influential group in China has revealed plans for an East Asia digital currency scheme that could see a basket of currencies combined to take on Bitcoin, Facebook's Libra, and even the US dollar.

central bank digital currency, China, dollar, trade war, Bitcoin, cross border payments, digitalisation, yuan, Libra

Agricultural Bank of China to trial interface for PBoC's central bank digital currency

16 Apr 2020 | Cryptocurrencies

The Agricultural Bank of China (ABC), a large state-owned bank, has started testing an interface for the country’s central bank digital currency (CBDC).

Ant Financial, Tencent, mobile app, DC/EP, Agricultural Bank of China, PBoC, central bank digital currency, China

Digital currency issuance could involve private companies, Bank of England says

08 Apr 2020 | Cryptocurrencies

Bank of England (BoE) analysts working on the UK’s central bank digital currency (CBDC) initiative have said during a webinar that there was a distinct possibility that private companies could play a larger part in the issuance and distribution of money.

Bank of England, BoE, central bank digital currency, CBDC, UK, cryptocurrency, Facebook, Libra, stabelcoin, data privacy

Bank of Canada to consult with stakeholders on digital currencies

27 Feb 2020 | Cryptocurrencies

The Central Bank of Canada has announced plans to consult with stakeholders on the possibility of launching a digital currency due to potential mass adoption of private digital currencies.

Central Bank of Canada, digital currencies, central bank digital currency, innovation, digital money, Canada

Bank of Japan calls for more scrutiny in issuing digital currency

27 Feb 2020 | Cryptocurrencies

Bank of Japan’s Deputy Governor has said that central banks must get a better understanding of the benefits and risks of issuing their own digital currencies.

Bank of Japan, cryptocurrency, central bank digital currency, CBDC, Central Banks, innovation, Japan, money laundering

Sweden begins testing Europe's first central bank digital currency

25 Feb 2020 | Cryptocurrencies

The Riksbank of Sweden has announced starting to test Europe’s first central bank digital currency (CBDC), they said in a statement.

The Riksbank of Sweden, cryptocurrency, e-crona, central bank digital currency, digital currency, Nordics, Europe

Adoption and potential of central bank digital currencies, study

18 Feb 2020 | Cryptocurrencies

Central banks in established countries appear to be taking a cautious stance on the transition from fiat currencies to central bank digital currency (CBDC), Cointelegraph reported.

central bank digital currency, CBDC, digital currencies, cryptocurrencies, stablecoins, China, banks, central banks

The US central bank is discussing digital currencies

06 Feb 2020 | Payments General

The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency.

banking, Fed, US, digitalisation, digital payments, blockchain, central bank digital currency, digital currencies, China

National Bank of Cambodia gets ready for a blockchain-based digital currency

31 Jan 2020 | Cryptocurrencies

The National Bank of Cambodia (NBC) has been readying a central bank digital currency (CBDC) to be launched at some point during the current fiscal quarter.

National Bank of Cambodia (NBC), payments system, blockchain, P2P, central bank digital currency, debit cards, central bank