News

CBDCs: China to distribute $3M of virtual yuan as JD.com is now the first major online service to accept the digital currency.

Speech by Mr Benoît Cœuré, Head of the BIS Innovation Hub, at the World FinTech Festival, Switzerland, 7 December 2020.

Standard Chartered CEO Bill Winters delved into the issue of digital currencies and said that he believes their widespread creation and rollout was absolutely inevitable.

The decision on how to launch a digital euro could still be a long time coming.

Retail payment services in Latin America and the Caribbean are characterised by high costs and insufficient access for large swathes of the region's population. To overcome these limitations, some of the larger central banks in the region have taken the lead to introduce fast retail payments and develop an open banking ecosystem. Several others have launched central bank digital currency pilots. The shift to digital payments, which is supported by these policy initiatives, is likely to receive further impetus from the Covid-19 pandemic.1

Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen.

The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.

The digital franc trial entailed settling large scale transactions between financial institutions through an experiment dubbed Project Helvetia.

ECB does not plan to announce whether it will proceed with digital euro proof of concept until mid-2021

Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.

The Bank for International Settlements' Innovation Hub (BISIH) Swiss Centre, the Swiss National Bank (SNB) and the financial infrastructure operator SIX today announced the successful completion of a joint proof-of-concept experiment that integrates tokenised digital assets and central bank money.

COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected.

Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan.

Joseph Lubin believes Eth2’s development will move quicker than many are expecting, predicting the new protocol will “absorb” Ethereum in “the not-too-distant future”

Is Spotify hinting at soon-to-come crypto features?