CBDC

CBDC
Canada Shifts Focus From CBDCs to ‘Payments Landscape’
September 23, 2024

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,...

CBDC
Australia Finds No ‘Clear Public Interest’ for Retail CBDC
September 18, 2024

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...

CBDC
Report: Digital Currency Projects Underway in 134 Countries
September 17, 2024

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...

CBDC
Germans Prefer Carrying Cash as CBDC Decision Looms
August 18, 2024

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,...

CBDC
Bank of England Announces CBDC Experiments
July 30, 2024

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...

CBDC
Bank of Israel Remains Uncertain About Potential CBDC
July 11, 2024

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...

CBDC
Switzerland Central Bank Willing to Expand CBDC Project
July 03, 2024

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...

CBDC
CBDC Scrutiny Underscores Role of Compliance in Scaling Digital Innovations
May 29, 2024

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...

CBDC
US House Passes Bill Requiring Congressional Authorization for CBDC
May 24, 2024

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...