Reserve Bank of Australia: ‘No need’ for Aussie CBDC
The Reserve Bank of Australia is reportedly skeptical of the benefits of CBDCs, and is also concerned about private stablecoins.
Latest Central Bank Digital Currency News
Bank of International Settlements hiring blockchain expert for digital currency
BIS job ad suggests the organization is preparing to accelerate work on researching and developing central bank digital currencies.
Bahamas to launch Sand Dollar digital currency in October
The Bahamas, a country of 400,000 people, has been pilot testing its digital currency—the Sand Dollar—since December 2019.
CBDCs to replace fiat in at least 3 countries by 2030: report
Dutch group dGen notes at least 3-5 countries would have their own central bank digital currencies in place by the start of the next decade.
Mastercard launches CBDC test platform
MasterCard launched a Central Bank Digital Currency (CBDC) test platform that allows users to simulate the issuance, distribution, and exchange of CBDCs
Brazil targeting a 2022 launch for its CBDC
The CBDC will be part of the plan to digitize Brazil’s payment system, including launching an instant payments system and a competitive Open Banking System.
Bermuda launches stimulus token, but no plans for CBDC
Bermuda has launched a digital token to stimulate the local economy following the COVID-19 pandemic.
South Korea central bank seeks partner to build its CBDC architecture
Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the infrastructure.
China’s 2nd largest bank briefly launches CBDC wallet—then disables it
The China Construction Bank briefly rolled out the feature over the weekend, allowing users of its mobile app to access the digital yuan.
Bahamas central bank adds new digital currency to balance sheet
There was $48,000 worth of its central bank digital currency, the Sand Dollar, in circulation, according to the Bahamas central bank.
China digital yuan catering to small retail transactions
The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
Brazil central bank forms CBDC study group
The group will investigate the implications of a central bank digital currency (CBDC) on the country’s economy, among other things.