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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.

Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra
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Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra

In Part 2 of the interview, Garcia-Herrero explained the disruption of China’s CBDC – digital currency electronic payment (DCEP) on China’s monetary system. She also commented on the basket of currencies that Facebook’s Libra supports and Libra’s potential threat to monetary sovereignty.

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei
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China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute has signed an agreement with multinational telecommunications giant Huawei.

Central Bank Digital Currencies Unmasked by Dr. Alicia Garcia-Herrero at Natixis
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Central Bank Digital Currencies Unmasked by Dr. Alicia Garcia-Herrero at Natixis

Blockchain.News has been delighted to reach out to Garcia-Herrero for her to share some thoughts on central bank digital currencies around the world. Central bank digital currencies (CBDCs) have increasingly sparked interest in recent years. With the notion of China’s central bank, People’s Bank of China (PBoC) announcing its plan to issue its digital currency (DCEP) and Facebook’s Libra stablecoin emergence, the world has been paying more attention to CBDCs.

China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'
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China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'

China has been reportedly developing its central bank-issued digital currency for a while and is believed to be ready to launch by China’s central bank, People’s Bank of China (PBoC).

eToro CEO: Central Banks will Inevitably Establish Digital Currencies
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eToro CEO: Central Banks will Inevitably Establish Digital Currencies

Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.

Canada’s Central Bank Considers Launching a Digital Currency to Combat the “Direct Threat” of Cryptos
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Canada’s Central Bank Considers Launching a Digital Currency to Combat the “Direct Threat” of Cryptos

Canada’s Central Bank, the Bank of Canada, is considering launching a digital currency that would enable the collection of how Canadians spend their money.