CBDC


Policy

Ukraine's President Signs Law Allowing Central Bank to Issue a CBDC

The National Bank of Ukraine can now officially launch its own payment token.

Ukrainian President Volodymyr Zelensky

Markets

Insurer Pingan Issues Digital Yuan COVID-19 Policies for Medical Staff: Report

Purchasers who pay for their coronavirus coverage with e-CNY can receive discounts.

Shenzhen, China.

Markets

China's Central Bank 'Worried' Stablecoins Pose Risk to Financial System

Global stablecoins "may bring risks and challenges to the international monetary system," said PBOC's Fan Yifei.

People's Bank of China

Markets

House Democrats Form Cryptocurrency Working Group

The announcement came in a hearing about central bank digital currencies.

Rep. Maxine Waters, (D-Calif.) is creating a working group to evaluate cryptocurrencies.

Finance

China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments

The country is testing the currency in different pilots.

Construction

Markets

South Korea’s Central Bank to Choose Supplier for Digital Currency Pilot

The Bank of Korea is looking for a technology supplier to explore a digital currency in a test environment.

Bank of Korea

Finance

Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech

The new digital yuan wallet will require users’ biometric information to enable payments.

Signage for the digital yuan

Markets

Biden Administration Concerned Over Long-Term Effects of Digital Yuan: Report

Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.

U.S. President Joe Biden

Markets

BOJ Starts Central Bank Digital Currency Experiments

The year-long Phase 1 will conduct experiments on basic functions of a CBDC.

Bank of Japan, Tokyo

Markets

Digital Yuan Won’t Give China ‘First-Mover Advantage’ With CBDCs, BIS Chief Says

"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.

Agustin Carstens