CBDCs


Policy

Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.

Elvira Nabiullina, Bank of Russia chief

Policy

PBoC Governor Says 'Successful' Digital Yuan Trials Have Transacted $299M

The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.

Yi Gang, governor of the People's Bank of China

Markets

Australia's Central Bank Kicks Off CBDC Research Project With ConsenSys as Partner

The partnership, which also includes top Australian banks, will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology.

Sydney, Australia

Policy

Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage

Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and the G7 needs to coordinate on digital currencies.

Governor of the Bank of Canada Tiff Macklem (center) at a G-7 Ministerial Meeting at the US Treasury April 11, 2008 in Washington, DC.

Finance

Overstock's Medici Ventures Invests $8M in Blockchain Firm Bitt

Medici Ventures has completed a third equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm.

Overstock CEO Jonathan Johnson

Tech

Ethereum Developer ConsenSys to Assist French Bank With CBDC Pilot

The Ethereum developer will help the digital assets arm of Societe Generale carry out research on a central bank digital currency.

DO NOT USE: Societe Generale

Policy

The Big Choices When Designing Central Bank Digital Currencies

A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications.

The Bank Of England, London

Policy

Benoit Coeure Spells Out BIS Plan for CBDC Trial Starting in 2020

BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank.

Benoît Cœuré, head of the BIS Innovation Hub.

Markets

Should We Care if the US Is Falling Behind on CBDCs?

A reading of two recent op-eds on central bank digital currencies (CBDCs).

Breakdown 10.25