central bank digital currency


Policy

Small Digital Euro Payments Won’t Need Laundering Checks, ECB Official Says

The proposals regarding the potential future central bank digital currency come as lawmakers prepare to scrap anonymous bitcoin payments.

BRUSSELS, BELGIUM - JANUARY 20, 2020 : Italian member of the European Central Bank's executive board Fabio Panetta (L) and the President of the European Central Bank (ECB) Christine Lagarde (R) are waiting prior an Eurogroup Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on January 20, 2010, in Brussels, Belgium. The International Monetary Fund (IMF) will present the main findings of its euro area Article IV interim mission. he Eurogroup will discuss the updated draft budgetary plan of Portugal for 2020, on the basis of a Commission opinion. The outcome is expected to be reflected in a Eurogroup statement. The Commission will present its proposal for the draft recommendation on the economic policy of euro area for 2020, published on 17 December. Ministers will have a first exchange of views on the proposal. The Council addresses annual recommendations on economic policy to the euro area as part of the European Semester. (Photo by Thierry Monasse/Getty Images)

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CFTC Fines Polymarket $1.4M for Unregistered Swaps

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De explains why the Commodity Futures Trading Commission (CFTC) recently fined crypto betting service Polymarket $1.4 million for unregistered swaps. Plus, his perspective on the Bank of Mexico’s plans to launch a Central Bank Digital Currency (CBDC) by 2024.

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Policy

RBA Steps Up CBDC Research but Is Not Convinced There Is a Policy Case Yet: Official

The Reserve Bank of Australia thinks it’s plausible that crypto becomes “niche” once stablecoins and CBDCs are in full force.

Sydney, Australia. (Photo by Johnny Bhalla on Unsplash)

Policy

Peru’s Central Bank Is Developing a CBDC

The central bank’s president said that the country is partnering with other central banks in the issuance of a domestic CBDC.

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Policy

Nigeria’s eNaira Wallet Nears 500,000 Downloads in First 3 Weeks: Report

Africa’s first CBDC launched in late October.

e-naira, nigeria

Videos

State of Nigeria's Central Bank Digital Currency Pilot

Nigeria’s central bank digital currency (CBDC), the eNaira, is in its second week of operations since it went live Oct. 25. Yele Bademosi, CEO and founding partner of Nigeria-based Nestcoin, discusses the latest on the rollout, use cases of the eNaira, and the wider state of crypto affairs in the country.

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Bank of China Reportedly Reveals Machine That Converts Foreign Currency to Digital Yuan

The Bank of China has revealed a machine that converts foreign currencies into digital yuan. The machine is likely to be rolled out for the 2022 Beijing Winter Olympics when the central bank digital currency (CBDC) is set to be introduced globally. It requires a passport but not a bank account.

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Videos

JPMorgan: CBDCs Can Save Firms $100B a Year in Cross-Border Costs

A new report by consulting firm Oliver Wyman and JPMorgan says a central bank digital currency (CBDC) network could save global corporations over $100 billion per year in transaction costs for cross-border payments. “The Hash” panel digs into the key takeaways and what they suggest about the potential benefits of CBDCs from a banking perspective.

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Policy

Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis

In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.

(Carlos Becerra/Bloomberg via Getty Images)

Videos

Bank of England to Intervene on Digital Currency ‘Programming’

“The Hash” panel discusses the specifics, reactions, and implications for the Bank of England reportedly telling its ministers to decide whether a central bank digital currency (CBDC) should be “programmable,” allowing the issuer to control the way the recipient spends it.

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