Tag: CBDC
UK House of Commons recommends further CBDC tests on viability, risks
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to carry out further consultative work to det [...]
Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept
The Central Bank of Solomon Islands has launched a proof-of-concept for a central bank digital currency called Bokolo Cash. Japanese blockchain Sorami [...]
Central Banks Aren’t Sufficiently Ready for CBDC Risks: BIS Report
"A key risk are the potential gaps in central banks’ internal capabilities and skills," the report by the BIS Consultative Group on Risk Management sa [...]
BIS advises central banks to plan in advance for CBDC security
Issuance of a central bank digital currency (CBDC) requires adequate attention to security, the Bank for International Settlements (BIS) reminded cent [...]
BIS Innovation Hub presents its ‘private CBDC’ project
The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its “private CBDC” initiative, Project Tourbillon. The p [...]
Central Bank Project Shows CBDC Payments Can Be Private
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative sa [...]
Public Hearing on Digital Euro Shows EU Far From Reaching Consensus on CBDC
“The arguments on balance today would not favor such a decision to issue a CBDC in my view,” said Italian economist Ignazio Angeloni, who wrote a pape [...]
Central Banks Have No Interest in Personal Data, BIS Official Says While Promoting CBDC Innovation
When considering the design of a CBDC, people will also have to grapple with difficult questions on choice, inclusion and stability, Skingsley said. B [...]
More foreign banks join China’s CBDC pilot trials
More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry [...]
European Central Bank CBDC Can End Bank Crises, Better Than Deposits, Says Former Bank of Spain Chief Ordóñez
"Digital euros are euros, but bank deposits are not euros. Deposits are just promises to pay euros, and if banks can't fulfill those promises, then yo [...]
Standard Chartered joins China’s CBDC pilot testing
British multinational bank Standard Chartered will partake in trials of China's digital yuan central bank digital currency (e-CNY CBDC), one of the fi [...]
Standard Chartered China Offering Exchange Services for Digital Yuan
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South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
The project will see 100,000 people - roughly 0.2% of the country's population - be able to purchase goods with tokens issued by commercial banks in t [...]
South Korea to invite 100,000 citizens to test CBDC in 2024
The Bank of Korea (BOK) has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of the central bank digital curr [...]
European CBDC Not a Pressing Need for EU Payments, Spain Central Bank Chief Pablo Hernández de Cos Says
"I believe it is our responsibility – not only the central bank's, but also the financial industry's – to be ready to ensure that a service which is k [...]