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Asian CBDC projects: What are they doing now?

Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?

Oct 16, 2021cointelegraphDigital yen
Japan will prioritize simplicity in CBDC design, says central bank executive

The Bank of Japan is keen to ensure the seamless integration of its central bank digital currency with the existing payment architecture.

Oct 15, 2021cointelegraphDigital yen
G20-Backed FSB Sets Out Roadmap for Stablecoins and CBDCs, Optimizing Cross-Border Payment System

The FSB, a G20-backed think tank, has cited the duo of government-issued CBDCs and stablecoins as key drivers in the pursuit of better cross-border payments.

Oct 15, 2021blockchainnews
G7 says retail CBDC networks should be carbon neutral

Group of Seven outlines 13 retail CBDC principles in new report

Oct 15, 2021centralbanking
Digital Pound Foundation launches to promote CBDC development in the UK

The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape.

Oct 14, 2021cointelegraphDigital Pound
G7 leaders issue central bank digital currency guidelines

Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.

Oct 14, 2021cointelegraphe-CNY
Alejandro Díaz de León: Introductory remarks on regulating big tech

Remarks by Mr Alejandro Díaz de León, Governor of Bank of Mexico, at the Bank for International Settlements Conference "Regulating big tech: between financial regulation, anti-trust and data privacy", 7 October 2021.

Oct 12, 2021bis
Denis Beau: The digitalisation of the financial sector - new challenges, new levers

Closing speech by Mr Denis Beau, First Deputy Governor of the Bank of France, at the 4th Assises des Technologies Financières, 30 September 2021.

Oct 12, 2021bisDigital Euro
Summers: digital yuan unlikely to threaten US dollar

Traceability of Chinese CBDC amid “financial thunderbolts” from Beijing may limit appeal

Oct 12, 2021centralbankinge-CNY
G7 Set to Release the Guidelines for the Creation of CBDCs

The Group of Seven (G7) industrialized nations are looking forward to accepting the proposals of a draft which seeks to enshrine some set of standards in the creation and issuance of CBDCs.

Oct 12, 2021blockchainnews
Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4–11

Debt ceiling uncertainty erodes trust in the dollar, the DOJ announces the National Cryptocurrency Enforcement Team and the SEC investigates Circle.

Oct 11, 2021cointelegraph
Successful smart cities will be impossible without decentralized techs

Blockchain technology promises to be the foundational network layer for many systems underpinning successful smart cities.

Oct 10, 2021cointelegraph
Laos central bank to partner with Soramitsu on CBDC study

The study is said to begin as early as this month, but a launch of CBDC remains unsure

Oct 7, 2021centralbanking
CPMI calls for ideas on solutions to expand PvP settlement

Settling FX trades can lead to significant principal risk exposures when one counterparty to a trade sends a currency payment to the other counterparty before receiving the currency it is buying. Payment-versus-payment (PvP) mechanisms, which ensure that the final transfer of a payment in one currency occurs if and only if the final transfer of a payment in another currency or currencies takes place, can significantly mitigate principal risk.

Oct 7, 2021bis
National Bank of Georgia to Launch CBDC Pilot Program in 2022

The National Bank of Georgia is set to launch a pilot program for its Central Bank Digital Currency (CBDC) dubbed the Digital Lari by 2022.

Oct 7, 2021blockchainnewsDigital Lari