CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

READ MORE >
Will CBDCs Pave Path to Better Liquidity Management and X-Border Trade?
Will CBDCs Pave Path to Better Liquidity Management and X-Border Trade?
October 03, 2023  |  CBDC

For companies large and small and their financial institutions (FIs) navigating operations and trade across borders, foreign exchange (FX) represents a key cost of doing...

READ MORE >
BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
September 28, 2023  |  CBDC

The Bank for International Settlements (BIS) and three central banks concluded a central bank digital currency (CBDC) project. Project Mariana was developed by three BIS...

READ MORE >
BIS Head: ‘Outdated’ Laws Holding Up CBDC Development
BIS Head: ‘Outdated’ Laws Holding Up CBDC Development
September 27, 2023  |  CBDC

Nearly every country on Earth has a central bank digital currency (CBDC) project in play. However, nearly 80% of the world’s central banks are either...

READ MORE >
CBDCs Compete for Relevance in Cross-Border Payments
CBDCs Compete for Relevance in Cross-Border Payments
September 13, 2023  |  CBDC

Link by link, the fashioning of a global network for central bank digital currencies (CBDCs) proceeds apace.  As it continues to grow, it has the...

READ MORE >
Swift Testing Interlinking CBDC Solutions With Three Central Banks
Swift Testing Interlinking CBDC Solutions With Three Central Banks
September 13, 2023  |  CBDC

Global messaging platform Swift says three central banks are testing its solution for interlinking CBDCs. In the meantime, another 30 financial institutions are experimenting with...

READ MORE >
Israel Plans CBDC but Is Unsure If or When It Would Launch
Israel Plans CBDC but Is Unsure If or When It Would Launch
September 12, 2023  |  CBDC

Israel’s central bank is working on a national digital currency, but it’s unclear if or when a central bank digital currency (CDBC) would roll out....

READ MORE >
From Remittances to Retail: Why Ripple Believes CBDCs Will Change Global Payments
From Remittances to Retail: Why Ripple Believes CBDCs Will Change Global Payments
September 05, 2023  |  CBDC

As currency becomes increasingly digitized, more end users are able to reap its benefits, in turn feeding an underlying network effect of increased market participants...

READ MORE >
Spanish Official Suggests Tools to Mitigate Digital Euro’s Unintended Consequences
Spanish Official Suggests Tools to Mitigate Digital Euro’s Unintended Consequences
August 25, 2023  |  International

Before making a final decision on the potential launch of a digital euro, the European Central Bank (ECB) must assess the impact of a digital euro on...

READ MORE >