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Central bank paper highlights stability concerns but adds some positives

Bankers at Korea's central bank, the Bank of Korea, have issued one of the most decisive warnings against the creation of a central bank-backed cryptocurrency so far, The Korea Times reports. International Monetary Fund head Christine Lagarde called last year for an 'even-handed approach' to

Optimal policy can be achieved through central bank digital currency, authors say

But “it could be some time” before private accounts are available at BoE, if they are ever offered

The hypothetical benefits and risks of central bank digital currencies are being widely discussed. This BIS paper adds to these discussions by taking stock of how progress and plans in this area are developing, based on a global survey of central banks. Responses show that central banks are proceeding with caution and most are only at a conceptual stage with their work. However, a handful have moved to considering practical issues and a couple of central banks with idiosyncratic circumstances might issue a digital currency in the short or medium term.

Majority of central banks are researching the various forms of CBDC

Remarks by Mr Ong Chong Tee, Deputy Managing Director (Financial Supervision) of the Monetary Authority of Singapore, at the Society for Financial Studies Cavalcade Asia-Pacific Conference's Gala Dinner, Singapore, 13 December 2018.

Issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound

Veerathai Santiprabhob, the Governor of the Bank of Thailand (BoT), has laid to rest any notion that the general population of Thailand will be using a digital currency exclusively any time soon, Chiang Rai Times reports. The governor is more upbeat about prospects of his bank's

CROSS-BORDER INTERBANK PAYMENT AND SETTLEMENTS: Emerging opportunities for digital transformation Three governmental agencies have collaborated on a report pertaining to payments and settlements seeking to join in a push for a unified approach to this sector of Fintech. The Bank of England, Bank of Canada

Welcome remarks by Mr Benoît Cœuré, Chair of the Committee on Payments and Market Infrastructures (CPMI) and Member of the Executive Board of the European Central Bank, at the Economics of Payments IX conference, Basel, 15 November 2018.

Hosted by the Bank for International Settlements and Committee on Payments and Market Infrastructures in Basel, Switzerland, on 15-16 November 2018.

IMF chief sees obvious benefits to central bank digital currencies, but design is crucial

Report rules out CBDC in Israel for now

A dedicated team established by the Central Bank of Isreal to consider whether the country should establish a state digital currency has determined that risks, complexities, a lack of need and a lack of globally-established standards means that Isreal will not be issuing a central bank