CBDCs


Markets

Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say

A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”

Nabawi Mosque, Madina, Saudi Arabia

Policy

Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.

russia central bank

Markets

Digital Yen Would Make Crypto Markets 'More Lively,' Says CEO of Monex Group

Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender.

Japanese yen

Policy

Privacy, Power, Fiscal Policy, the Poor: 4 Reasons to Worry About CBDCs

As central banks everywhere gear up to launch digital currencies, it's time to consider the possible downsides.

The Bank of England

Policy

What the History of Airlines Tells Us About Blockchain Commerce

The ability to represent all industrial capacity as tokens on a blockchain will have huge implications for resource use, says our columnist.

chuttersnap-xDjcU1Pglro-unsplash

Finance

The Smart Money Economy

Digital money in a crypto wallet is only the first step. The bigger shift is a new software economy anchored in programmable blockchains.

Workers from Chinese e-commerce giant JD.com

Markets

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

Benoit Coeure, head of the BIS Innovation Hub

Policy

ECB's Lagarde Has 'Hunch' Digital Euro Will Launch in 2-4 Years

ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.

ECB President Christine Lagarde speaks about the prospects for a digital euro at an online forum.

Markets

Debate Rages on Whether a Digital Dollar Will Unleash Inflation

Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.

DoubleLine CEO Jeff Gundlach warns of inflation with a digital U.S. dollar.

Policy

Norway Central Bank Official Says 'No Acute Need' to Introduce a Digital Currency

The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone.

Ida Wolden Bache, Norges Bank deputy governor