Canada, UK, Japan and US release joint CBDC report
They are seeking to identify the principles necessary for any CBDC, to help other central banks around the world to meet their public policy objectives.
Latest Central Bank Digital Currency News
US treasury official confirms ongoing central bank digital currency study
The U.S. Treasury Department is actively considering the benefits of a central bank digital currency, according to a ranking department official.
South Korea banks and lawmakers call for new digital currency legislation
The National Assembly Seminar for the Virtual Asset Business Law argued the laws were needed to protect revenues and help develop the fledgling digital currency sector in Korea.
South Korea central bank to begin testing digital currency in 2021
The Bank of Korea will begin pilot transactions in 2021 to determine the feasibility of rolling out a digital currency system across Korea.
Estonia launches CBDC research after delisting 500 digital currency firms
The Estonian central bank has launched a multi-year research project into the viability of a central bank digital currency.
Over $160 million sent and received via China’s DC/EP
According to PBOC’s deputy governor, China’s CBDC, the DC/EP, has been used in over 3.13 million transactions with a valuation of roughly $162 million.
European Central Bank digital euro report: ‘We should be prepared to issue’
The report suggests that the bank would be open to considering both centralized and decentralized models for the digital currency.
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.
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