CBDCs


Policy

4 Ways COVID-19 Will Bring Banks and Regulators to Crypto

Consensus:Distributed speaker and CoinDesk columnist Ajit Tripathi argues the pandemic will normalize the use of CBDCs and cryptocurrencies.

The Bank of England (Credit: Wikimedia Commons)

Finance

Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report

The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency.

Starbucks in China. (Credit: Shutterstock/testing)

Policy

Dutch Central Bank Wants to Be European Union's CBDC Proving Ground

The Dutch Central Bank is making a bid to become the European Union’s proving ground for a central bank digital currency.

The Dutch Central Bank cited its nation’s declining use of physical cash as one of the reasons it may do well with a CBDC trial. (Credit: Shutterstock)

Markets

Facebook's 'Scaled Back' Libra Proposal Is More Dangerous Than You Think

With stablecoin announcements from China and Libra in the same week, the war over the future of money is reaching a new height, says our columnist.

Facebook libra china flag

Markets

Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency

The Agricultural Bank of China has rolled out an internal test interface for the nation's central bank digital currency, allowing whitelisted users to register and trialing certain functions.

Chinese Flags

Policy

Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says

Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.

bank of england

Policy

China Will 'Undoubtedly' Pursue Digital Yuan, Central Bank Says

The People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency.

GETTING SERIOUS: “The People’s Bank of China (PBoC) will undoubtedly further its research and development of the national digital currency,” according to a summary of an annual meeting. (Credit: Shutterstock)

Policy

South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations

The Bank of Korea has historically been skeptical about CBDCs, but now it's having to keep up.

Credit: Shutterstock

Markets

BIS Researchers Say Coronavirus Could Spur Central Banks to Adopt Digital Payments

BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies.

"Perceptions that cash could spread pathogens may change payment behaviour by users and firms,” the researchers said. (Credit: Myra Thompson / Shutterstock)

Policy

How Central Banks Could Use Digital Cash to Deliver Universal Basic Income

Central banks are well placed to deliver regular, no-questions-asked monthly payments to everyone, and to manage any ensuing inflation.

helicopter money