CBDCs
G-7 Finance Officials Outline Policy Principles for Retail CBDCs
Any CBDC must “do no harm” to central banks’ ability to maintain monetary and financial stability.
Digital Pound Foundation Launches to Push for UK CBDC
The Bank of England has also set up forums to explore a digital currency.
Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis
In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.
National Bank of Georgia to Test CBDC Next Year
The pilot program will initially focus on retail payments.
Hong Kong Monetary Authority Releases CBDC White Paper to Study Prospect of e-HKD
The city’s de facto central bank said its publication is the “first among similar papers” published by central banks to detail transaction traceability while preserving privacy.
Nigeria Court Approves CBDC Rollout: Report
The court ruled that the rollout of the CBDC was a matter of national interest and should proceed.
Fed to Launch CBDC Review as Early as This Week: Report
Officials at the Fed are set to release a paper soliciting public comment on a central bank digital currency.
CBDC Impact on Banking Sector Could Be Manageable: New BIS Report
Three new reports by a BIS working group analyze policy options and practical implementation issues of a retail CBDC.
Brazil’s Central Bank Says Local B3 Stock Exchange Could Be Oracle of Its CBDC
B3 said, however, that it is still too early to define its role in the development of Brazil’s central bank digital currency.
Fed Chair Powell Says He Has ‘No Intention’ of Banning Crypto
When asked about earlier comments he had made about CBDCs replacing private crypto, Powell said he’d “misspoken.”
