Central Bank Digital Currency Archives

Suzhou residents make 20,000 digital yuan transactions on Double 12

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16 December, 2020

Suzhou residents make 20,000 digital yuan transactions on Double 12

Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant...

Are central bank digital currencies a bad idea?

Business

Steve Kaaru

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11 December, 2020

Are central bank digital currencies a bad idea?

While they are being touted as the future, it’s time to rethink and reevaluate the role that CBDCs will play...

China and Hong Kong working on digital yuan cross-border payments

Business

Steve Kaaru

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9 December, 2020

China and Hong Kong working on digital yuan cross-border payments

Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan...

Bank of Canada ready to move ‘sooner than expected’ on digital dollar

Business

Ed Drake

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9 December, 2020

Bank of Canada ready to move ‘sooner than expected’ on digital dollar

Central bank officials have indicated progress has been made on launching a digital currency, citing the pressures of the COVID-19...

Swiss central bank completes CBDC trial, downplays DLT

Business

Steve Kaaru

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8 December, 2020

Swiss central bank completes CBDC trial, downplays DLT

While the trial demonstrated the feasibility of a wholesale CBDC, the bank claimed that distributed ledger technology has not yet...

Russia central bank snubs private ruble-pegged stablecoins

Business

Ed Drake

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7 December, 2020

Russia central bank snubs private ruble-pegged stablecoins

The Chinese model for its digital yuan is a better template for Russia in exploring a central bank digital currency,...

Project Aber: CBDC an improvement over current fiat systems

Business

Steve Kaaru

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3 December, 2020

Project Aber: CBDC an improvement over current fiat systems

Two of the largest economies in the Middle East have described a central bank digital currency as an improvement over...

Bank of Russia discusses digital ruble plans with bank execs

Business

Steve Kaaru

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2 December, 2020

Bank of Russia discusses digital ruble plans with bank execs

The Russian central bank recently met with some of the country’s commercial banks to discuss the proposed digital ruble.

BIS: Regulation could be embedded in stablecoins

Business

Ed Drake

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30 November, 2020

BIS: Regulation could be embedded in stablecoins

The Bank for International Settlements (BIS) has said regulation could be embedded into private global stablecoins, such as Facebook’s Libra.

Digital yuan trial coming to China’s Suzhou City

Business

Ed Drake

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28 November, 2020

Digital yuan trial coming to China’s Suzhou City

Beginning December, residents across the city will be the central bank digital currency in so-called “red packets,” with 50,000 packets...

German minister thumbs down private digital currencies

Business

Steve Kaaru

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26 November, 2020

German minister thumbs down private digital currencies

Speaking at a recent regional banking event, Olaf Scholz called for the advancement of European banking systems to adapt to...

China’s Xi Jinping urges G20 to lay groundwork for CBDC adoption

Business

Steve Kaaru

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25 November, 2020

China’s Xi Jinping urges G20 to lay groundwork for CBDC adoption

China’s President Xi Jinping has called on G20 leaders to lay the groundwork for central bank digital currencies adoption by...

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