Central Bank Project Shows CBDC Payments Can Be Private
The project is a first step in exploring privacy, security and scalability for central bank digital currency design, a report on the BIS initiative said.
CBDC
Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues
Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency.
Standard Chartered China Offering Exchange Services for Digital Yuan
Standard Chartered (Shutterstock)
South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.
Digital Euro Isn’t Pressing, but Work Should Continue: Spanish Central Bank Governor
Europe’s “highly efficient” payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said.
CBDCs Like a Digital Dollar Face Doubts Without Privacy Protections, Key Organization Finds
A study found that privacy increases participants’ willingness to use a CBDC by up to 60% when purchasing privacy-sensitive products.
Swiss National Bank to Work With SIX Digital Exchange, 6 Banks on Wholesale CBDC Pilot
The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange.
PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
Digital Euro at Least 2 Years Away, ECB’s Lagarde Says
The central banker said she wanted to address “conspiracy theories” about government snooping
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.