CBDC


Policy

China Central Bank Official Reveals Results of First Digital Yuan Pilots

Approximately RMB 1.1 million, or $162 million, have changed hands in 3.1 million initial digital yuan transactions.

china, flag

Markets

European Central Bank Moves to Trademark 'Digital Euro'

The EU's central bank has laid a claim to the phrase "digital euro" before deciding whether to actually issue one.

European Central Bank President Christine Lagarde

Policy

The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut

The Bahamas has unveiled key details of its historic launch of a central bank digital currency, now slated to debut on Oct. 20.

The Bahamas' Sand Dollar central bank digital currency will begin a "gradual national" debut on Oct. 20.

Markets

Hong Kong Reportedly Picks ConsenSys for Digital Currency Pilot Project

The Ethereum venture studio said it will work on implementing Hong Kong and Thailand's cross-border CBDC.

Hong Kong and Thai officials collaborating on Project Inthanon-Lionrock.

Policy

ECB President: Europe Has Fallen Behind in the Digital Payments Race

European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems.

ECB President Christine Lagarde.

Markets

Former Central Bank Official: Japan Should Take a Digital Yen Seriously

In an interview with CoinDesk Japan, a former Bank of Japan official said the country has many reasons to seriously consider a digital yen.

Tetsuya Inoue, formerly of the Bank of Japan, and now a chief researcher at the Nomura Research Institute. (CoinDesk Japan)

Markets

Brazil's Central Bank Says Nation Might Be Ready for a Digital Currency by 2022

Brazil's fast-digitizing financial infrastructure could set the stage for CBDC in the next two years, said Campos Neto.

Banco Central President Roberto Campos Neto says Brazil will have "all the ingredients" for a digital currency by 2022. (Marcos Oliveira/Agência Senado/Wikimedia Commons)

Markets

Fed Chair Powell’s Jackson Hole Speech Could Hint at US Dollar’s Future

Fed Chair Jerome Powell's speech Thursday at the annual Jackson Hole Economic Symposium highlights how much has changed over the past year.

Federal Reserve Chair Jerome Powell. (Federal Reserve, modified by CoinDesk)

Markets

Brazil's Central Bank Tasks Group With Laying Out Road Map to Digital Currency Issuance

The 12-member team will submit their findings – and propose a CBDC issuance model – to the central bank in 180 days.

(Jo Galvao/Shutterstock)

Markets

Bank of England Building Payments Network to Support a Potential Digital Pound

CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.

(Shutterstock)