CBDC


Markets

BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away

Central banks remained adamant private stablecoins do not factor into their CBDC calculus.

BIS headquarters in Basel

Markets

Bank of England Governor Insists Digital Payments (but Not Crypto) Are Sticking Around

BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency.

Bank of England Chief Andrew Bailey

Markets

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency

The BSN expects to complete integrations with a total of 30 public blockchains this year.

china-tech-flag-mid

Markets

Central Bank Digital Currencies Not a 'Fad,' MetLife Investment Says

The investment giant predicts CBDCs will continue gaining steam, although a "launch among Western countries seems unlikely to occur anytime soon."

MetLife

Markets

Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia's Macquarie

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.

European Central Bank President Christine Lagarde

Markets

Trump Signs Order to Ban Ma's Alipay, Other Chinese Apps

Separately, U.S. officials are reportedly considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent.

Alipay's logo

Markets

Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor

Naci Ağbal's comments would place Turkey on the fast track to central bank digital currency.

Central bank Governor Naci Ağbal

Policy

Bank of Russia Chair: Digital Ruble Is No Threat to Banks

Russian banks are concerned the digital ruble might hurt their business, but the Bank of Russia is nonchalant

Elvira Nabiullina, chair of the Bank of Russia

Finance

Fintech Company Launches Platform to Assist in Central Bank Digital Currency Development

Fintech company EMTECH is launching a compliance platform that helps central banks tackle compliance issues or safely test their central bank digital currencies.

tokens, coins, arcade, money

Policy

Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.

banquedefrance