A digital euro could be rolled out in the middle of 2029, European Central Bank Executive Board Member Piero Cipollone reportedly said Tuesday (Sept. 23). Speaking at a Bloomberg Future of Finance event in Frankfurt, Cipollone said the effort to create a digital euro had...
The Bank of England is considering pausing its plans to create a digital currency. That’s according to a report Tuesday (July 22) from Bloomberg News, which calls this the latest sign of declining enthusiasm for central bank digital currencies (CBDCs) around the world. The central bank (BOE) has...
The digital dollar may be off the table for now, following a recent executive order. However, the European Central Bank (ECB) hopes America’s new pro-cryptocurrency attitude can help bring about the digital euro, Reuters reported Thursday (Feb. 6). As that report noted, the ECB is floating the idea of...
The private sector should lead the evolution of payments, while the Federal Reserve should be ready to solve problems that can’t be handled by the private sector alone, Federal Reserve Governor Christopher J. Waller said Tuesday (Nov. 12). In a speech delivered at The Clearing...
If commercial banks don’t provide retail payments innovation, central banks should be prepared to offer a retail central bank digital currency (CBDC), Bank of England Governor Andrew Bailey said Saturday (Oct. 26). In a speech given at the Group of Thirty’s Annual International Banking Seminar...
If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who said Saturday (Oct. 26) that the central bank will continue to provide paper money “for as long as people want.” ...
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...