Cbdc – Page 2

Digital Euro Can End Bank Crises, Is Better Than Deposits, Ex-Bank of Spain Chief Says

A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing...

South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report

The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers

CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds

A Bank for International Settlements, or BIS, study found that privacy increases participants' willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.

Mastercard Says Customers Are Too Comfortable With Today’s Money for Adoption of CBDCs: CNBC

The payments giant has a CBDC Partner Program that includes participants such as Ripple, Fireblocks and Consensys.

Singapore Central Bank to Start ‘Live’ Wholesale CBDC Trials

The trials are part of a broader initiative to set up infrastructure for digital money transfers, including tokenization of banking assets.

CBDCs Good for Payments, Even With Competition: IMF

The International Monetary Fund's planned CBDC handbook offers guidance for policymakers on how to explore digital versions of sovereign currencies.

Kazakhstan Central Bank Marks Digital Tenge Pilot With First Retail Payment

The National Bank of Kazakhstan plans to implement a digital tenge by the end of 2025.

Central Bank Digital Currencies Can Replace Cash, Offer Resilience: IMF Chief

The public sector should continue to prepare for CBDC deployment, IMF Managing Director Kristalina Georgieva said.

U.S. CBDC Is Unlikely in the Near Term: Bank of America

The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.

CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says

Central banks will have a limited role to play relative to the private sector in CBDC issuance, BIS general manager Agustín Carstens said.