CBDC

CBDC

Markets

The Bahamas Edges Closer to Hurricane-Proof Digital Currency

The Bahamas is betting its mobile phone-based digital currency could be the key to faster post-disaster economic recovery.

While Hurricane Dorian knocked out the Bahamas' banks for months, the cell network was back up in days. (Paul Dempsey/Shutterstock)

Markets

Japan Is Seriously Considering a Digital Yen: Report

As rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year's policy agenda.

(Shutterstock)

Finance

Ride-Hailing Giant Didi to Trial China's Central Bank Digital Currency

Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform.

(Zhu Difeng/Shutterstock)

Markets

First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race

BoA researchers anticipate China's digital yuan might make a dent in the greenback’s global hegemony.

(Mendenhall Olga/Shutterstock)

Markets

Bitcoin News Roundup for June 22, 2020

With gold up and the price of bitcoin treading water, today we're talking academic piracy and Cambodia's blockchain plot to escape the dollar.

Markets Daily Front Page Default

Markets

Italian Banks Are Ready to Trial a Digital Euro

The Italian Banking Association announced its banks are interested in piloting a digital euro.

italian flags

Policy

Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals

The Bank of Canada is preparing to design its own central bank digital currency (CBDC), detailing its plans in a new job posting.

Bank of Canada

Markets

Stablecoins Are the Bridge From Central Banks to Consumer Payments

Stablecoins can mediate between central bank digital currencies and the consumer payments universe, says Sila's Alex Lipton.

Federal Reserve building

Markets

Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says

Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF's Tommaso Mancini-Griffoli.

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Markets

Bank of England: No Compromise on Our Principles for Any Future CBDC

The Bank of England will not budge on its design principles for any future CBDC.

Bank of England (Credit: Shutterstock)