CBDCs


Markets

Brazil's Central Bank Pushes Back Target Date on CBDC by Two Years

BCB said the timeframe for a CBDC depends on the evolution of its current projects and the international landscape.

brazilbank

Markets

Nigeria's Central Bank May Launch a Digital Currency Pilot in 2021

A central bank official said Nigeria has been researching CBDCs for two years.

The Central Bank of Nigeria may launch a CBDC pilot later this year, an official said.

Videos

Will a Digital Dollar Solve the Crypto Ransomware Problem?

Responding to recent high-profile ransomware attacks on major food and oil companies, U.S. lawmakers are amping up their criticism of bitcoin and cryptocurrencies. Dave Jevans of CipherTrace, which tracks crypto crime and anti-money laundering trends, discusses the potential solutions to cyberattacks and whether having a digital dollar is one of them.

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Videos

Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

CoinDesk’s Nikhilesh De on the main takeaways from Wednesday’s Senate Banking Committee hearing where Massachusetts Senator Elizabeth Warren and other lawmakers grilled four witnesses about bitcoin and their views on whether to develop a U.S. Central Bank Digital Currency (CBDC) or “digital dollar.”

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Markets

Stablecoins, CBDCs Don't Present Inherent Risk to Financial Stability: Bank of England Executive Says

Christina Segal-Knowles played down concerns that the traditional banking model would be undermined.

British pounds

Markets

Bank of France, Swiss National Bank Begin Cross-Border CBDC Experiment

The banks will experiment with cross-border settlements of two wholesale CBDCs and a French digital financial instrument on a distributed ledger technology platform.

Geneva, Switzerland

Markets

Elizabeth Warren, US Lawmakers Put Bitcoin on Trial in Senate CBDC Hearing

While a Senate Banking Committee hearing ostensibly focused on central bank digital currencies, bitcoin’s role in the ecosystem drew much of the attention.

Sen. Elizabeth Warren (D-Mass.)

Policy

Moving on From Good-Bad Crypto Dialogue

Central banks should welcome competition from crypto and the crypto industry should be less defensive, says our columnist.

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Videos

Hong Kong Eyes CBDC; Aussie Millennials Favor Crypto vs. Real Estate

The Hong Kong Monetary Authority to launch a study into digital currency feasibility. Survey finds Australian millennials favor investing in crypto over real estate and holding bank accounts. UNICEF Innovation Fund picks seven blockchain startups for funding.

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Markets

Hong Kong Monetary Authority to Study a Retail CBDC

Hong Kong's central bank is aiming to "future-proof" the financial center for the growth of CBDCs as part of its "Fintech 2025" strategy.

HKMA