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Filtered by CBDC — 145 articles

John Winchcombe

4 Feb. 2022

5 min read

Lord’s Sceptical about CBDCs

The UK’s second parliamentary chamber, the House of Lords, has reviewed the work of the Bank of England and Her Majesty’s Treasury Taskforce that is working on the potential for introducing a retail Central Bank Digital Currency (CBDC) in the UK.

CBDC Digital CN

John Winchcombe

28 Jan. 2022

4 min read

CBDC News

The Banque de France, the Swiss National Bank and the Bank for International Settlements (BIS) Innovation Hub have completed a cross-border wholesale CBDC experiment. Known as Project Jura, the experiment used tokenised assets on a distributed ledger (DLT) platform to settle cross-border transactions.

CBDC Digital CN

John Winchcombe

21 Jan. 2022

7 min read

BIS Working Paper 989: 'CBDCs in Latin America and the Caribbean'

The Committee on Payments and Market Infrastructure carried out a survey of central banks in Latin America and the Caribbean asking about their work on CBDCs on behalf of the Bank for International Settlements.

CBDC Digital CN

John Winchcombe

13 Jan. 2022

3 min read

Can CBDCs Increase Financial Inclusion?

Peterson Ozili has written a paper looking at the possible benefits of bringing the unbanked into the formal financial sector. In addition to listing the arguments for and against, he also includes a literature search outlining their key conclusions.

CBDC Digital CN

John Winchcombe

17 Dec. 2021

2 min read

OMFIF European Payments and Digital Assets Conference - CBDCs on the Agenda

At OMFIF’s European payments and digital assets conference CBDCs were on the agenda. Wholesale CBDCs are more familiar ground for central banks since they can be regarded as exploiting a technological opportunity rather than a major structural change.

CBDC Digital CN

John Winchcombe

17 Dec. 2021

7 min read

The Importance of Evidence Based, Customer Led Design

OMFIF’s Digital Monetary Institute has worked with Giesecke + Devrient (G+D) to issue a paper ‘Consumer Attitudes to CBDC: considerations for policy makers’. The paper includes an introduction to CBDCs and an overview of the rationale for CBDCs, the work being done around the world and the challenges being addressed.

CBDC Digital CN

John Winchcombe

3 Dec. 2021

10 min read

CBDC and Cryptocurrency News

The Deputy Governor of the Bank of Jamaica (BOJ), Natalie Haynes, has put its work on CBDCs in the context of the government’s financial inclusion strategy. The BOJ sees a CBDC as an important tool in allowing people to access financial services and products.

CBDC Digital CN

John Winchcombe

13 Nov. 2021

10 min read

‘CBDC: Motives, Economic Implications and the Research Frontier’ - A Summary

The Bank for International Settlements (BIS) wrote an article for the Annual Review of Economics that laid out work done on Central Bank Digital Currencies (CBDCs) to date. The paper puts CBDCs in context of all payment methods and considers why and how CBDCs are being developed and the challenges central banks are grappling with.

CBDC Digital CN

John Winchcombe

12 Nov. 2021

4 min read

CBDC News

The Monetary Authority of Singapore (MAS) ran a global retail CBDC challenge competition with the results announced at the Singapore Fintech festival. It received 300 submissions from over 50 countries.

CBDC Digital CN

John Winchcombe

12 Nov. 2021

1 min read

BIS Introduces a Note of Caution

The Bank of International Settlements (BIS) has issued a paper ‘What does digital money mean for emerging market and developing economies?’. The paper questions whether stablecoins are the answer to all problems and whether other digital solutions have a role to play.

CBDC Digital CN

John Winchcombe

4 Nov. 2021

4 min read

Round-Up of CBDC News

With under 100 days to go to the winter Olympics, China is encouraging domestic and foreign retailers to enable payment using the e-Yuan, China’s CBDC. Although foreign visitors will not be able to travel to China for the Olympics, it continues to work towards having the e-Yuan up and running.

CBDC Digital CN

John Winchcombe

26 Sept. 2021

5 min read

Round-Up of CBDC News

Project Dunbar involves the central banks of Malaysia, Singapore, South Africa and Australia. The project, initiated by the Bank for International Settlements (BIS), is to test the use of CBDCs for international settlement.

CBDC

John Winchcombe

26 Sept. 2021

3 min read

BIS on CBDCs and the Need for Change

Benoît Cœuré, Head of the BIS Innovation Hub, recently spoke at The Eurofi Financial Forum. The focus of his speech was that central banks need to move faster on Central Bank Digital Currencies (CBDCs), with the private sector already on the move.

CBDC

John Winchcombe

30 Aug. 2021

2 min read

A Call for Digital Standards

The Institute of Electrical and Electronics Engineers (IEEE) has called for a ‘digital Bretton Woods’ to set standards for digital currency and trade systems. Its call comes in the context of today’s digital platforms that handle more than just finance, but trade, tax and audits, and it does this across borders.

CBDC Digital Payments News

John Winchcombe

24 Aug. 2021

4 min read

Round-Up of CBDC News

The Bank of Korea is investigating adjustments needed in the payment system if CBDCs are launched. The Kakao consortium and two tech affiliates of the Samsung Group are to run a pilot programme for issuing and distributing CBDCs and looking at transferring money and remittances between countries.

CBDC News

John Winchcombe

24 Aug. 2021

2 min read

CBDC Conferences Gather Momentum

Following the Digital Monetary Institute’s (DMI) CBDC conference in April this year and the announcement of ‘The CBDC Conference’ 3-6 October 2021, there is now a rush to hold CBDC dedicated events.

CBDC Events

John Winchcombe

25 July 2021

6 min read

Round-Up of CBDC News

As a reminder, CBDC announcements were made in May relating to Brazil, Georgia, Japan, Kazakhstan, Norway, Pakistan and Russia and in June to Indonesia, Korea, Mauritius, South Africa and Thailand.

CBDC

John Winchcombe

25 July 2021

5 min read

News in Brief

A number of states and cities in the US have implemented or are considering legislation to make cash acceptance at retailers mandatory.

ATMs CBDC News

John Winchcombe

21 June 2021

2 min read

Proof-of-Work v Proof-of-Stake

Cryptocurrencies are almost all built on two different approaches – proof-of-work or proof-of-state.

CBDC Country Profile Digital Payments

John Winchcombe

21 June 2021

3 min read

Why Do Central Banks Need CBDCs?

Ralph Wintergerst, CEO of the G+D Group, has recently written an article published in the International Banker magazine. The article’s title is ‘Britain needs a digital central bank currency’, but in fact the article is an explanation of why any central bank needs a Central Bank Digital Currency (CBDC).

CBDC Editorial

Latest News

Lord’s Sceptical about CBDCs

CBDC News

BIS Working Paper 989: 'CBDCs in Latin America and the Caribbean'

Can CBDCs Increase Financial Inclusion?

OMFIF European Payments and Digital Assets Conference - CBDCs on the Agenda

The Importance of Evidence Based, Customer Led Design

CBDC and Cryptocurrency News

‘CBDC: Motives, Economic Implications and the Research Frontier’ - A Summary

CBDC News

BIS Introduces a Note of Caution

Round-Up of CBDC News

Round-Up of CBDC News

BIS on CBDCs and the Need for Change

A Call for Digital Standards

Round-Up of CBDC News

CBDC Conferences Gather Momentum

Round-Up of CBDC News

News in Brief

Proof-of-Work v Proof-of-Stake

Why Do Central Banks Need CBDCs?

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