nChain’s ‘electronic cashback via retail CBDC’ paper proposes new monetary policy tool
A recent paper by nChain suggests a new monetary policy tool that uses sector-specific cashback payments on private consumption expenditure via a retail CBDC.
Latest Central Bank Digital Currency News
Nigeria CBDC website goes live as October launch draws near
The website for the eNaira has launched, introducing the public to the CBDC and touting its benefits, as the official October launch date draws ever closers.
Fed chair still undecided on dollar CBDC
The Federal Reserve is still weighing the advantages of a CBDC and is in no rush to reach a decision on to rollout the technology, according to Jerome Powell.
HSBC working with 8 countries in backing CBDCs
HSBC Group CEO Noel Quinn struck a positive note about CBDCs and how the technology could be used by governments in issuing digital currencies.
Central bank digital currencies find traction in Central America
Following the bold steps of El Salvador, countries in Central America such as Honduras and Guatemala are looking into analyzing digital currencies with a goal to adopt them.
Turkey central bank turns to local tech sector for CBDC research
Three domestic partners were identified and invited to sign a memorandum of understanding with the bank, whose goal is to develop the “Digital Turkish Lira Collaboration Platform."
‘No guarantees’ on digital euro, ECB advisor says
Jürgen Schaaf said the test phase is still in trial for the technology and banks would experiment with digital currency to determine whether to roll out its central bank digital currency more widely.
BIS wants central banks to move faster with CBDC amid looming stablecoin pressure
The head of the Bank for International Settlements has asked central banks to step up their efforts with CBDCs as they face a threat from stablecoins and DeFi.
European Securities and Markets Authority brands digital currency ‘volatile’
The report views digital currency a trending innovation in finance, but also a threat to the sustainability of financial services due to its environmental impact.
JD.com partners with local bank for digital yuan giveaway
JD.com has teamed up with the Bank of Communications to give away $2.5 million in a lottery for the second time as the launch of digital yuan nears.
Joint CBDC pilot unites Australia, Singapore, Malaysia and South Africa
The reserve banks in each country have teamed up to trial a new platform for enabling cross-border transfers denominated in a central bank digital currency.
Singapore shortlists 15 companies to help build retail CBDC
The Global CBDC Challenge was geared towards discovering and developing retail central bank digital currency solutions that will benefit the world.