News

CBDCs could revolutionize the financial system by increasing efficiency, transparency and financial inclusion while reducing the use of cash.

Representative Tom Emmer presented the "CBDC Anti-Surveillance State Act" to encourage financial privacy and CBDC transparency.

Speech by Mr Agustín Carstens, General Manager of the BIS, Singapore, 22 February 2023.

If passed, the legislation could prohibit the Fed from issuing a digital dollar “directly to anyone,” as well as bar the bank from implementing monetary policy based on a CBDC.

Speaking in Singapore, Agustín Carstens described a ledger that would accommodate a variety of public and private projects in discrete but connectable parts.

After multiple attempts to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology.

One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.

Central bank exploring cross-border functionality to evade sanctions

Within 24 hours of the job posting, 45 applicants have shown interest in joining the federal government to build an in-house CBDC.

Despite the warnings about investing in digital assets by Oman’s central bank, about 65,000 residents hold cryptocurrencies.

The Bank launched a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began in 2021.

Bank of the Lao PDR working with Japanese government and fintech firm to test CBDC

Central bank presses ahead with designing a general purpose CBDC

Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks.

Fed Vice Chair Lael Brainard became vice chair of the Fed after a partisan fight and has been considered for other top positions.