India’s Central Bank Crystalizes CBDC Vision in Concept Note
The Reserve Bank of India (RBI) has published a 50-page concept note for the introduction of a central bank digital currency (CBDC). The document is the first such comprehensive report by the RBI’s Fintech Department, which was created in January 2022 with the responsibility of forming cryptocurrency regulations and creating a central bank digital currency. The RBI said it […]
Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis
Source: Cointelegraph Five patterns that recur in retail central bank digital currency (CBDC) designs were identified in a new Bank of Canada staff analytic note. The research focused on information organization and compared software rather than real or proposed CBDCs, and it examined the practical implications of its findings for retail payment systems. The author, Sriram Darbha, […]
SWIFT sets out blueprint for central bank digital currency network
Source: Reuters Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies. The trial, which involved France and Germany’s national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked at how CBDCs could […]
Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC
Source: Coindesk The central banks of Israel, Norway and Sweden have teamed up with the Bank for International Settlements (BIS) to explore how central bank digital currencies (CBDC) can be used for international retail and remittance payments, BIS announced on Wednesday. The BIS is an association of 61 central banks from around the world and has innovation […]
FinovateFall 2022: Q&A with Ripple’s James Wallis on CBDCs, crypto and blockchain
Source: Fintech Futures At the FinovateFall 2022 conference in New York, FinTech Futures sat down with James Wallis, VP of central bank engagements at Ripple, to get his views on the rise of central bank digital currencies (CBDCs), use cases for cryptocurrencies in banking and payments and the future of blockchain technology. FinTech Futures: You’re here to give […]
The benefits of CBDCs, and designing a system that delivers them
Written by Martin Hargreaves, Chief Product Officer at Quant Central bank digital currencies (CBDCs) promise to vastly improve electronic payments by fundamentally changing the nature of money. These new digital currencies are programmable and offer the potential to help consumers and businesses better control their spending. Additionally, they can make cross-border payments faster and cheaper, protect individual […]
Landmark International CBDC Test Deemed Success, BIS Says
Source: Coindesk A project involving multiple Asian central bank digital currencies (CBDC) has been badged a success, facilitating over $22 million in foreign-exchange transactions, the Bank for International Settlements (BIS) said Tuesday. The trial, described as the first of its kind ever, used a custom-built distributed-ledger technology platform, is supported by central banks from China, […]
French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets
Source: Coindesk The Banque de France Tuesday announced new projects to achieve the benefits of central bank digital currencies (CBDCs) used at a wholesale level by banks and financial markets. “A wholesale CBDC could significantly contribute to improving cross-border and cross-currency payments,” Villeroy de Galhau, a governor at the Bank of France, the country’s central […]
Demystifying wholesale central bank digital currency
Source: ECB. Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Symposium on “Payments and Securities Settlement in Europe – today and tomorrow” hosted by the Deutsche Bundesbank Let me first thank the Deutsche Bundesbank, and President Nagel in particular, for inviting me to speak at today’s symposium. I would […]
Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper
Source: Cointelegraph Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia (RBA) released a white paper outlining an elaborate plan for conducting a pilot project for eAUD. On Aug. 9, 2022, the RBA announced a collaboration with the Digital Finance Cooperative […]
