News

Central bank supports European Commission plan for e-identity rollout across the eurozone

International bodies urge central banks to bolster CBDC co-operation

Opening remarks by Mr Denis Beau, First Deputy Governor of the Bank of France, at the International Monetary Fund (IMF) / Reinventing Bretton Woods Committee (RBWC) Seminar on "New Technologies, Financial Inclusion and Monetary Policy in CCA Countries", Session 3: New technologies and monetary policy frameworks, 12 July 2021.

The Bank of Korea plans to select an operator to run a blockchain-based CBDC pilot next month that will test a digital won in various use cases.

CBDCs Report: Switzerland may want to seriously consider Central Bank Digital Currency projects to remain competitive:

The Central Bank of the United Arab Emirates has plans to develop an in-house digital currency by 2026.

Prime minister orders central bank to develop blockchain-based prototype by 2023

Joint report to the G20 by the Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank.

Central bank digital currencies (CBDCs) have the potential to enhance the efficiency of cross-border payments, as long as countries work together. This is the main conclusion of a joint report released today by the Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank.

"There is also no doubt in our mind that a major central bank will soon launch a digital currency and we expect this to happen within the next three years," said Guardtime.

A new report released by the triumvirate of global finance argues that central bank digital currencies will benefit worldwide development.

A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.

The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins.

The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs.

While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.