CBDCs
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.
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.
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.
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.
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.
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.
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.
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.
Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage
Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and the G7 needs to coordinate on digital currencies.
