Study shows Australians value privacy over safety with CBDC
A recent study found that Australians trust commercial banks as much as the central bank but are willing to pay more to share less data with authorities.
Latest Central Bank Digital Currency News
Hong Kong still weighing whether retail CBDC benefits outweigh the risks
The HKMA chief executive says the central bank is still determining whether there is a real need for a retail CBDC, adding that existing systems in Hong Kong are efficient.
Digital ruble will take 5-7 years to achieve mass adoption: Bank of Russia
Governor Elvira Nabiullina says that the digital ruble needs to be the most convenient payment method for individuals and businesses before it gains mass usage.
Atlantic Council calls for global interoperability standards for CBDC
The Atlantic Council emphasized the need to implement global interoperability standards around CBDC, which is crucial to ensure that the technology can be trusted and foster financial inclusion.
World Bank exploring Swiss franc digital bond settling in wholesale CBDC
Building on two previous digital bond issuances, the World Bank says the next logical step is to issue one that’s settled with a central bank digital currency.
Brazil’s BV Bank tests car sales ahead of DREX CBDC pilot
BV Bank has been testing the viability of DvP settlements in car sales transactions, which involves the simultaneous transfer of documents linked to securities to prevent traditional payment risks.
India’s central bank allows non-banking payment operators to offer CBDC wallets
India's central bank is doubling down on its CBDC initiatives, announcing plans to make the digital rupee more accessible to retail users via wallets and non-bank payment system operators.
Dutch Central Bank President praises digital euro, says monetary policy needs ‘to keep up with society’
The Dutch Central Bank President Klaas Knot says digital euro needs “to keep up with society. To pursue strategic autonomy. And to maintain access to public money in a digital world."
Survey: 52.6% of Americans warming up to CBDCs
52.6% of the Federal Reserve Bank of Philadelphia respondents were deemed 'warm' to central bank digital currencies (CBDCs), represented chiefly by young people, high earners, non-whites, and males.
Push for vote on anti-CBDC Act endangers bipartisan support for US stablecoin bill
As criticism grows over a digital dollar, Republicans push for an anti-CBDC bill, which industry leaders projected to disrupt bipartisan support for a much-anticipated stablecoin bill.
Ensuring regulatory compliance in the decentralized economy
As technology evolves, so do global regulations, which the London Blockchain Conference aims to highlight as it returns later this year packed with more sessions and learnings.
CBDC anonymity will impact bank lending: Bank of Canada
If the CBDC’s anonymity is sufficiently high, it will lure low-quality entrepreneurs as commercial banks cannot access their inflows, and vice versa.