Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks see CBDCs as a great tool for monetary policy.
Sveriges Riksbank is also partnering with Norway in Project Icebreaker to test the viability of CBDCs in international retail and remittance payments.
The National Bank shared the stance in an analysis paper titled "New types of digital money," which discussed digital assets, including stablecoins, wholesale CBDCs, and retail CBDCs.
In the 38-page report, Visa highlighted several aspects of CBDC, including central bankers' current motivations in exploring the CBDC, its policy implications and risks.
nChain’s Simit Naik and RTCore’s Lexington Blood talk CBDCs, why central banks must catch up and why BSV is the best option at the BSV Global Blockchain Convention.
The 21-page report discussed the key areas for central bank digital currencies, such as the motivations for issuance and potential concerns about the key designs that CBDCs should integrate.
BSV developer Joshua Henslee is back with another video covering the larger implications of digital currencies, CBDCs, inflation, and much more.
The Australian Treasury minister revealed that the government is working on new regulations for digital currencies and is looking into developing a central bank digital currency with the Reserve Bank.
Governor Amir Yaron considers central bank digital currencies are the future of finance and will give central banks an effective monetary policy tool as the payments paradigm shifts.
A senior executive at the Reserve Bank of Australia tore into digital currencies in a recent speech, saying that CBDCs and regulated stablecoins will end them.
In its latest earnings call, PayPal CEO Dan Schulman talked at length about central bank digital currencies (CBDCs) and PayPal’s potential role in them.
In its latest report, Fitch Ratings looked into how CBDCs could impact the global financial system, including giving governments a new way to track financial data and new financial policy options.
