CBDC

CBDC

Markets

Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor

Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency.

Central bank Governor Naci Ağbal

Policy

Bank of Russia Chair: Digital Ruble Is No Threat to Banks

Russian banks are concerned the digital ruble might hurt their business, but the Bank of Russia is nonchalant

Elvira Nabiullina, chair of the Bank of Russia

Finance

Fintech Company Launches Platform to Assist in Central Bank Digital Currency Development

Fintech company EMTECH is launching a compliance platform that helps central banks tackle compliance issues or safely test their central bank digital currencies.

tokens, coins, arcade, money

Policy

Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.

banquedefrance

Markets

China's Latest Digital Currency Trial Is Its Most Important Yet

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

Breakdown 12.7 - China digital currency

Policy

Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments

PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.

Hong Kong flag (Shutterstock)

Learn

What Is a CBDC?

A CBDC is a digital currency that is issued by a government and are usually a tokenized form of the country’s fiat currency.

Edificio de la Reserva Federal en Washington, D.C.

Markets

Citigroup Helping World Governments Build Digital Currencies, CEO Says

The multinational banking giant has been calling digital currency all but inevitable since 2014.

Citigroup CEO Michael Corbat said sovereign digital currency is inevitable.

Policy

Ruble or Rubble? Russian Institutions Have Concerns About Proposed CBDC

Russian banks and financial brokers are worried the digital ruble will be a burden for them.

Russian Central Bank Chairman Elvira Nabiullina

Markets

China's Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs

In a wide-ranging speech, Xi said the G20 “needs to discuss developing standards and principles for central bank digital currencies.”

Chinese President Xi Jinping