Articles with tag: central bank digital currency

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Bank of Korea plans cryptocurrency (CBDC) testing in 2021

08 Oct 2020 | Cryptocurrencies

South Korea’s central bank has revealed that the third and final phase of its pilot programme for a CBDC will commence in 2021.

Bank of Korea, cryptocurrency, CBDC, South Korea, central bank, BOK, central bank digital currency

Hong Kong Monetary Authority selects ConsenSys for CBDC project

28 Sep 2020 | Cryptocurrencies

The Hong Kong Monetary Authority (HKMA) has selected ConsenSys, a US-based blockchain company, to develop a central bank digital currency (CBDC) project.

Hong Kong Monetary Authority, HKMA, ConsenSys, blockchain, CBDC, central bank digital currency, cross border payments, Singapore

Brazil's central bank announces CDBC rollout in two years

04 Sep 2020 | Cryptocurrencies

The president of Brazil’s central bank has announced Brazilians could expect to see a central bank digital currency (CDBC) before 2023.

Banco Central, Brazil, open banking, PIX, central bank digital currency, CBDC, P2P payments, B2B payments

eCurrency brings CBDC benefits to all in ecosystem utilising digital secure currency technology

04 Sep 2020 | Payments General

‘Choices around the technology used for CBDC are important as they would have a significant impact on the extent to which CBDC meets our overall objectives’, The Bank of England

Central Bank Digital Currency, Lars Arvidsson, eCurrency, Bank of England, DLT, digital wallets, central banks, commercial banks, Digital Secure Currency, payment cards, mobile money wallets

The American Central Bank Digital Currency plan – quiet, powerful, imminent

02 Sep 2020 | Cryptocurrencies

Douwe Lycklama, Innopay: After years of cash reduction in favour of commercial banks debt money, now central banks can regain some of their position once held in a cash society

Douwe Lycklama, INNOPAY, CBDC, central bank digital currency, programmable money, digital wallet, tokens, Decentralised Finance, DeFi, US, central banks

After soft launch of digital yuan wallet, Chinese bank disables the app

31 Aug 2020 | Cryptocurrencies

China Construction Bank (CCB) had opened a wallet service for China’s central bank digital currency to public users, however it has disabled it after the feature gained widespread attention.

DCEP, digital yuan, central bank digital currency, China, China Construction Bank, innovation, mobile wallet, mobile app

Bank of Korea to pick consulting partner for CBDC

31 Aug 2020 | Cryptocurrencies

The Bank of Korea (BOK) has been accelerating its drive for the timely establishment of a central bank digital currency (CBDC) pilot system.

CBDC, architecture, central banks, central bank digital currency, Bank of Korea, cryptocurrency, pilot, trial

Interview with Cypherium about blockchains and Central Bank Digital Currencies trials

24 Aug 2020 | Cryptocurrencies

Blockchain, or ‘distributed ledger’ technology that underpins Bitcoin, has emerged as an object of intense interest in the financial services industry and beyond

financial services, blockchain, central bank digital currency, CBDC, central banks, Sky Guo, Cypherium, digital currencies, DLT, China

Major Chinese cities announce testing of Central Bank Digital Currency

21 Aug 2020 | Cryptocurrencies

Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.

Central Bank Digital Currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments, money transfer

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