The Central Bank of Kenya (CBK) has released its discussion paper on the possibility of a central bank digital currency (CBDC) and is now awaiting feedback from the public on the pros and cons, as well as potential policies and regulations. The CBK is seeking...
In the back and forth over central bank digital currencies (CBDCs), where countries around the globe are focused on how, and even whether, to move forward, with plans to inject digital fiat into the mix, it may be the court of public opinion that determines...
The south-central African country of Zambia is joining the ranks of others across the continent and much of the world in exploring the pros and cons of having a central bank digital currency (CBDC), cryptocurrencies and other digital assets. The Bank of Zambia, the country’s...
The managing director of the International Monetary Fund (IMF) has urged policy makers to consider the trade-offs of central bank digital currencies, saying there is no universal case for CBDC. CBDCs could offer more financial inclusion in some countries and form a backup payment system...
Beyond retail, beyond the confines of its own borders, China is eyeing bringing its central bank digital currency (CBDC) to a broader world stage. The details, at least thus far, are scarce. To that end, and as reported by Reuters, the Chinese government is seeking...
One of the big promises of central bank digital currencies (CBDCs) is that they are usable anywhere paper currencies are accepted. That is to say, everywhere. But like credit cards, PayPal and Apple Pay, CBDCs like China’s digital yuan or a digital dollar have one...
Anyone hoping the Federal Reserve Board would shed light on the future of the digital dollar in its highly anticipated white paper in January was disappointed. The Fed’s “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” offered little direction on any...
The Bank of England, like many other central banks around the world, is still weighing the pros and cons of issuing a central bank digital currency (CBDC) — and if it ultimately decides to go ahead, how the design should respect citizens’ privacy and guarantee...
There were more than a few interesting things that came out of the report this week on the results of the experiments the Boston Fed has been running with MIT’s Digital Currency Initiative for the past 18 months. Project Hamilton is not advocating for or...
