CBDCs


Markets

Jamaica's Central Bank Says It Would Need Court Order to Track CBDC Transactions

The bank said it would only capture general transaction data for its economic analysis and assessments.

Kingston, Jamaica.

Videos

Pro-Crypto Advocate Rep. Darren Soto on Infrastructure Bill: ‘Ignorance Is Our Greatest Foe and Not Necessarily Partisanship’

Does crypto have a strong enough lobbying presence in D.C.? This week, the Senate passed the historic $1 trillion bipartisan infrastructure bill without any crypto amendment, raising concerns about its controversial definition of “broker.”

CoinDesk placeholder image

Markets

Honor Releases First Snapdragon Smartphone With Digital Yuan Wallet

The PBoC has been pushing for hardware applications of the digital yuan.

People's Bank of China

Markets

Samsung Plans to Test Mobile Phone Functionality With South Korea's CBDC Pilot

The electronics giants will look at whether transactions can be completed without internet availability.

Samsung

Markets

Ghana to Test CBDC With German Banknote Printer Giesecke+Devrient

The digital cedi will be tested with banks, payment service providers, merchants, consumers and other stakeholders.

Ghanaian cedis

Finance

Jamaica’s Central Bank Mints Country’s First Batch of CBDCs

The pilot program was originally supposed to launch in May, but was delayed for unspecified reasons.

Jamaica has issued its first CBDC.

Markets

JPMorgan: CBDCs Must Not Cannibalize Commercial Financial Systems

This risk lies in banking customers moving the funds from checking accounts to a CBDC account, eroding commercial banks' funding base.

JPMorgan

Markets

CBDCs Can Stop Aid Falling Into Terrorist Hands

Central bank digital currencies, like the digital shekel, can be programmed to stop money reaching the wrong people, says Orbs' co-founder.

GettyImages-176971163

Policy

Fed's Brainard Says US Can't Not Have a CBDC in a World in Which Others Have Them

Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.

Lael Brainard, governor of the U.S. Federal Reserve

Markets

Brazilian Central Bank Projects 'Significant Migration' to Digital Payments

According to director João Manoel Pinho de Mello, central bank digital currencies can expand financial inclusion and reduce the cost and time of cross-border transactions.

Brazil flag (Shutterstock)