CBDCs
China’s CBDC Has Been Used for $9.7B of Transactions
Some 140 million people have opened wallets for the “eCNY.”
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
The Bank for International Settlements paper found that although stablecoins may be adopted in some of these markets, they may also present wider challenges and have not been tested on a large scale.
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
A new paper released Friday by the Bank for International Settlements (BIS) reveals although stablecoins may be adopted in some emerging markets and developing economies (EMDE), they may also present wider challenges and not address problems that other fintech innovations are tackling. "The Hash" panel discusses the key findings, examining the conflation between stablecoins and CBDCs.
Nigeria’s eNaira CBDC Goes Live
The eNaira was developed by fintech company Bitt, whose digital currency management system is also behind the Eastern Caribbean Central Bank’s CBDC.
Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report
Saudi Arabia was one of the first countries to experiment with a CBDC.
What CBDCs Mean for the Future of DeFi and Stablecoins
Central bank-issued digital currencies are an existential threat to permissionless stablecoins and finance.
Fed Reserve Governor Quarles Doesn’t See Reasoning Behind CBDCs
Randal Quarles, who also chairs the Financial Stability Board, said he’s not certain how a central bank digital currency could address financial inclusivity concerns.
France Trials CBDC, Blockchain for Government Bond Deals
The experiment is one of the EU’s largest to date, with nearly 500 transactions executed during trial.
Crypto 2022 Policy Week: Reckoning With Regulation
Steven Kelly, research associate at Yale University's Program on Financial Stability, discusses what to expect from the Federal Reserve’s report on CBDCs, stablecoins and crypto, and what crypto regulation could look like in the U.S.
Ghana Wants to Make Its CBDC Available for Use Offline: Report
The country’s digital currency, the e-cedi, would work via the use of smart cards, according to an official at the Bank of Ghana.
