CBDC
A central bank digital currency (CBDC) is a new digital form of sovereign money. CBDCs are issued by the government, where monetary policies are still formed by the central bank.
Bridgewater Associates’ Ray Dalio: China’s Yuan Will Become the Next World’s Reserve Currency
Ray Dalio disclosed that China’s yuan will become the global reserve currency sooner than expected and the digital yuan would be more competitive than the US digital dollar.
CSRC Director Yao Qian: CBDCs Can Run on Ethereum and Diem
China Securities Regulatory Commission Director suggests that China can utilize the BaaS infrastructure of public blockchain networks for CBDCs establishment.
OKEx Allows Traders to Purchase Tether through Brazilian Reals via PIX
OKEx exchange officially announced establishing a strategic partnership with CuboPay, a local payment processor in Brazil. Exchange users are now allowed to use Brazilian real through PIX in exchange for Tether purchases.
Bank Indonesia Plans to Launch its Central Bank Digital Currency
Bank Indonesia is planning to launch its central state digital currency in response to the increasingly prosperous cryptocurrency market.
South Korea Seeks Tech Partner to Build the Pilot Program for CBDC
South Korea's central bank on Monday said it would choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central bank-backed digital currency.
HSBC CEO: No Plans for Launching Crypto Trading
HSBC revealed that the bank has no plan to offer virtual currency as investments to their clients by starting cryptocurrency trading.
US Fed Aims To Publish Discussion Paper on CBDC This Summer
The US Federal Reserve will issue a discussion paper about CBDC this summer.
The Bank of Israel to Accelerate Its CBDC Research for a Digital Shekel
The Bank of Israel is accelerating its CBDC research.
Kazakhstan Launches Public Consultation for Its Proposed CBDC
Kazakhstan is advancing its digital tenge project with a use case design and stakeholder consultation.
UK Announces the Launch of its CBDC Task Force
The UK has launched a CBDC task force where the Bank of England and the HM Treasury will collaborate to study CBDC.
ECB Publishes Results of Its Digital Euro Public Consultation
The ECB has released the result of its Digital Euro public consultation. Among many things, respondents demand for privacy and offline usability.
Swedish Central Bank Delays CBDC Plans Again
The world’s oldest Central Bank, Sweden’s Riksbank, published results of its pilot project for its proposed central bank digital currency, the e-krona.
ECB to Announce by Mid-2021 Whether It Will Move Forward with CBDC Issuance
European Central Bank (ECB) President Christine Lagarde said that a decision on whether or not to launch a CBDC will be made by the middle of this year.
Ripple to Acquire 40% Stake in Asia Cross-Border Payments Firm Tranglo
Ripple announced its plans to take a 40% stake in Asian cross-border payments company Tranglo.
Fed Chair Powell: Cryptocurrencies not Useful Stores of Value and CBDC Issuance Will not be Immediate
Federal Reserve Chairman Jerome Powell’s stance on Bitcoin and cryptocurrencies remains unchanged – he views them primarily as “a speculative asset.”
