CBDCs


Markets

Central Banks Mull Creating a CBDC, but Not on a Blockchain: Survey

Forty-six central banks would consider a broader form of distributed ledger technology for a CBDC but aren't crazy about putting it on a blockchain.

Credit: New York Public Library

Tech

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

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Finance

CipherTrace Wants to Guide Central Banks on Their Digital Currency Projects

The blockchain analytics firm is launching an initiative to pitch itself to central banks as both a tech partner and a guiding influence on future digital currency projects.

CipherTrace Chief Financial Analyst John Jefferies (Credit: CipherTrace)

Policy

Mauritius Central Banker Confirms Island's Digital Currency Plans

The Bank of Mauritius is inching closer to issuing a retail-focused central bank digital currency (CBDC), its governor confirmed Tuesday.

Mauritius is located in the Indian Ocean and has a population of 1.2 million. (Credit: Shutterstock)

Policy

The Problem With Money Is 'Too Much Privacy,' Says Ex-US Treasury Secretary Summers

Former U.S. Treasury Secretary Larry Summers said there may be “too much privacy” associated with government-issued cash, noting the prevalence of money laundering and its widespread use for storing and moving the proceeds from corruption.

Former U.S. Treasury Secretary Lawrence Summers speaks during Consensus: Distributed.

Tech

CoinDesk 50: How the People’s Bank of China Became a CBDC Leader

China's central bank, part of CoinDesk's new 50 list, is a pioneer of central digital currencies. Now the rest of the world is racing to catch up.

Illustration by Sonny Ross

Markets

New Zealand's Central Bank Is Hiring a Money Futurist

New Zealand’s central bank is looking for a Head of Money and Cash to focus "on the future of money” and be a "thought leader" for digital currency.

New Zealand bank note showing Sir Edmund Hillary.

Policy

4 Ways COVID-19 Will Bring Banks and Regulators to Crypto

Consensus:Distributed speaker and CoinDesk columnist Ajit Tripathi argues the pandemic will normalize the use of CBDCs and cryptocurrencies.

The Bank of England (Credit: Wikimedia Commons)

Finance

Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report

The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency.

Starbucks in China. (Credit: Shutterstock/testing)

Policy

Dutch Central Bank Wants to Be European Union's CBDC Proving Ground

The Dutch Central Bank is making a bid to become the European Union’s proving ground for a central bank digital currency.

The Dutch Central Bank cited its nation’s declining use of physical cash as one of the reasons it may do well with a CBDC trial. (Credit: Shutterstock)