CBDCs

CBDCs

Policy

What the History of Airlines Tells Us About Blockchain Commerce

The ability to represent all industrial capacity as tokens on a blockchain will have huge implications for resource use, says our columnist.

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Finance

The Smart Money Economy

Digital money in a crypto wallet is only the first step. The bigger shift is a new software economy anchored in programmable blockchains.

Workers from Chinese e-commerce giant JD.com

Markets

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

Benoit Coeure, head of the BIS Innovation Hub

Policy

ECB's Lagarde Has 'Hunch' Digital Euro Will Launch in 2-4 Years

ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.

ECB President Christine Lagarde speaks about the prospects for a digital euro at an online forum.

Markets

Debate Rages on Whether a Digital Dollar Will Unleash Inflation

Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.

DoubleLine CEO Jeff Gundlach warns of inflation with a digital U.S. dollar.

Policy

Norway Central Bank Official Says 'No Acute Need' to Introduce a Digital Currency

The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone.

Ida Wolden Bache, Norges Bank deputy governor

Policy

Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.

Elvira Nabiullina, Bank of Russia chief

Policy

PBoC Governor Says 'Successful' Digital Yuan Trials Have Transacted $299M

The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.

Yi Gang, governor of the People's Bank of China

Markets

Australia's Central Bank Kicks Off CBDC Research Project With ConsenSys as Partner

The partnership, which also includes top Australian banks, will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology.

Sydney, Australia