Bank of Russia exploring central bank digital currency
The Bank of Russia is formally exploring options for a central bank digital currency, which would create a “digital ruble” as a supplement to cash.
Latest Central Bank Digital Currency News
Australian central bank dismisses need for digital currency
Australia’s digital payments systems are adequate for the citizens’ needs, according to Tory Richards, head of payments policy at the Reserve Bank of Australia.
G20 countries establish global stablecoin rules
While recognizing the rise in prominence of CBDCs, the Financial Stability Board is challenging the effectiveness and comprehensiveness of the existing financial regulations.
Bank of Japan publishes a CBDC report, to start pilot programs in 2021
The Bank of Japan believes that there’s a possibility of a surge in public demand for a CBDC, considering the rapid development of technological innovation.
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.
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.