Canada’s experiment with the digital dollar is over, at least for now. The Bank of Canada announced recently that after years of exploring the idea of a central bank digital currency (CBDC), it was moving on. “With this work completed, and with other payments issues gaining prominence,...
If Australia creates a digital currency, it will likely be the wholesale, not retail, variety. That’s according to a report issued Wednesday (Sept. 18) by the country’s central bank, arguing that “a clear public interest case” for issuing a retail central bank digital currency (CBDC) in Australia...
New research shows that 134 countries are exploring central bank digital currencies (CBDCs). Those countries account for 98% of the world’s economy, according to findings released Tuesday (Sept. 17) by think tank Atlantic Council. The latest figures show that all G20 countries are looking into CBDCs, with...
The future of the digital euro could be decided next year. But as Bloomberg News reported Sunday (Aug. 18), many people in Europe’s largest economy have already made up their minds about the concept of a central bank digital currency (CBDC). According to that report,...
The Bank of England (BoE) is conducting a new series of experiments with central bank digital currencies (CBDCs) for retail use. Citing growing innovations and risks in the payments industry, BoE said in a Tuesday (July 30) discussion paper that “central banks must be quick to...
The Bank of Israel reportedly plans to wait until another advanced economy launches a central bank digital currency (CBDC) before introducing one of its own. The European Central Bank (ECB) is likely to be the first to do so, “and then you may see a...
The Swiss National Bank is reportedly amenable to expanding its digital currency project. “We would like to see a pilot which develops, with more banks joining and a higher volume of transactions,” said governing board member Antione Martin, whose comments at the the Point Zero...
The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence, digital money issued by a sovereign bank can effectively settle in near real-time using distributed...
The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress. The CBDC Anti-Surveillance State Act (H.R. 5403) passed by a vote of 216 to 192, with 213...
