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CBDCs
Banque de France Calls for Further Examination of Wholesale CBDCs
A wholesale CBDC would be of benefit to cross-border payments, the bank concluded.
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The machine requires a passport, but not a bank account.
ECB’s Panetta Says Digital Euro Should Expand Overall Payment Solutions
For the central bank’s digital currency to be successful it should not be seen as competition for private payment solutions.
mBridge Reveals 15 Use Cases and 22 Heavyweight Participants
Goldman Sachs, HSBC, Société Générale, and China’s biggest state-owned banks are part of the project.
JPMorgan Report Says CBDCs Can Save Firms $100B a Year in Cross-Border Costs
The report considers a network of multiple central bank digital currencies across the ASEAN region.
China’s CBDC Has Been Used for $9.7B of Transactions
Some 140 million people have opened wallets for the “eCNY.”
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
The Bank for International Settlements paper found that although stablecoins may be adopted in some of these markets, they may also present wider challenges and have not been tested on a large scale.
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
A new paper released Friday by the Bank for International Settlements (BIS) reveals although stablecoins may be adopted in some emerging markets and developing economies (EMDE), they may also present wider challenges and not address problems that other fintech innovations are tackling. "The Hash" panel discusses the key findings, examining the conflation between stablecoins and CBDCs.
Nigeria’s eNaira CBDC Goes Live
The eNaira was developed by fintech company Bitt, whose digital currency management system is also behind the Eastern Caribbean Central Bank’s CBDC.
Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report
Saudi Arabia was one of the first countries to experiment with a CBDC.
