Official explains why China CBDC should not be as anonymous as cash
Original Source: Cointelegraph China’s central bank digital currency (CBDC) should not be as anonymous as cash, the head of the People’s Bank of China (PBoC) digital currency institute declared. Digital yuan project lead Mu Changchun spoke of China’s CBDC project at the 5th Digital China Construction Summit on Monday, local financial publication Sina Finance reported. Since debuting the digital yuan in […]
Board urges Bank of Central African States to introduce common digital currency: Report
Original Source: CoinTelegraph The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board. According to a Friday report from […]
Barclays to host CBDC hackathon
Original Source: Finextra Speaking exclusively with Finextra, Barclays has announced it will host the ‘Barclays CBDC Hackathon 2022’ later this year, to promote the emergence of new technologies in large-scale banks. The hackathon will run on the 27th and 28th of September, and will consist of a series of coding challenges that will simulate the use of […]
US ‘Missing From the Table’ on CBDC Discussions: Atlantic Council Director
Original Source: Coindesk Josh Lipsky joined CoinDesk TV’s “First Mover” to discuss the advancement of central bank digital currencies and why concerns over privacy and interoperability could influence global adoption. Many countries are far ahead of the United States in developing central bank digital currencies (CBDC), and that may be for good reason, according to […]
ECB consults experts over ‘privacy-enhancing’ digital euro tech
Original Source: Global Government Fintech The European Central Bank (ECB) has invited external experts to participate in a short series of technical deliberations on data privacy-related challenges involved in designing a digital euro. Talks are set to focus on the ‘large-scale application of privacy-enhancing technologies in settlement of retail payments’, according to a short ECB online […]
UK Finance Chief Executive responds to the Chancellor’s Mansion House speech
Responding to Chancellor Nadhim Zahawi’s speech at Mansion House, David Postings, Chief Executive of UK Finance, said: “The Chancellor’s vision in his Mansion House speech is for the UK to have a strong and internationally competitive banking and finance sector, which we strongly welcome. A successful financial services sector is critical for achieving economic growth […]
Phased implementation of digital currency for wholesale, retail segments in the works: RBI official
Original Source: The Hindu The Reserve Bank of India (RBI) is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for wholesale and retail segments, an official said on Wednesday. The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments […]
Digital Asset Series 2022: Navigating CBDC Unknowns
Original Source: Finextra Key trends currently driving CBDC discussions across the globe. The global pandemic and the emergence of cryptocurrencies and stablecoins have accelerated the work on CBDCs. While some nations are further ahead in their CBDC timelines than others, the UK, US and Europe (among many more) are treading carefully, paying careful attention not […]
CBDCs: The Future of Fiat
Original Source: Ripple A visualization from Ripple’s New Value Report suggests the potential for central bank digital currencies (CBDCs) has generated an overwhelming consensus among financial institutions. The new infographic highlights CBDC-specific takeaways from survey questions asked of 1,600 finance leaders around the world. Financial Inclusion More than 70% of respondents surveyed across five global regions believe […]
BIS and Bank Indonesia shortlist 21 teams for CBDC G20 TechSprint challenge
Original Source: Finextra The Bank for International Settlements (BIS) and Bank Indonesia, under the Indonesian G20 Presidency, today announced the shortlisted finalists for the G20 TechSprint challenge on central bank digital currencies (CBDCs). The 2022 competition was launched in April. The BIS Innovation Hub and Bank Indonesia published three operational challenges and invited a wide […]
