CBDC

The phrase "central bank digital currency" (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. The present concept of CBDCs was directly inspired by Bitcoin, but a CBDC is different from virtual currency and cryptocurrency, which are not issued by a state and lack the legal tender status declared by the government.

Source: en.wikipedia.org

EU Wants Digital Euro to Complement Cash, Not Replace It

EU Wants Digital Euro to Complement Cash, Not Replace It
EU Wants Digital Euro to Complement Cash, Not Replace It
June 28, 2023  |  CBDC

The European Commission (EC) says a digital euro should complement cash, not replace it. The EC on Wednesday (June 28) published a pair of proposals...

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ECB Proposal: Benefits of Digital Euro Outweigh the Costs
ECB Proposal: Benefits of Digital Euro Outweigh the Costs
June 26, 2023  |  CBDC

The European Union will reportedly publish draft rules governing a digital euro this week. The regulations provide the legal basis for the digital currency, assuming...

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eCurrency Mint and CMA Form RTGS/CBDC Partnership
eCurrency Mint and CMA Form RTGS/CBDC Partnership
June 26, 2023  |  CBDC

eCurrency Mint has joined forces with financial markets solutions provider CMA. The partnership, announced Monday (June 26), will provide customers with an integrated real-time gross settlement (RTGS) and central...

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Swiss National Bank Preps Test of Wholesale CBDC
Swiss National Bank Preps Test of Wholesale CBDC
June 26, 2023  |  CBDC

Switzerland’s central bank is reportedly planning to issue a wholesale digital currency. The project will happen on the country’s SIX digital exchange, Swiss National Bank...

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IMF Director: 10 Central Banks ‘Crossing the Finish Line’ on CBDC
IMF Director: 10 Central Banks ‘Crossing the Finish Line’ on CBDC
June 19, 2023  |  CBDC

The International Monetary Fund (IMF) is working on a worldwide central bank digital currency (CBDC) infrastructure. That platform would allow for interoperability of CBDC settlements and...

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Thailand Begins Pilot Retail CBDC Project
Thailand Begins Pilot Retail CBDC Project
June 13, 2023  |  CBDC

Thailand’s central bank has launched a pilot retail central bank digital currency (CBDC) project. According to a Monday (June 12) Bangkok Post report, the Bank of...

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ECB Says Payments Landscape Has Room for Digital Euro
ECB Says Payments Landscape Has Room for Digital Euro
May 30, 2023  |  CBDC

The European Central Bank (ECB) has done recent tests that show the potential of a digital euro. The bank released results of a “prototyping exercise” — conducted...

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Report: UK CBDC Will Need New Finance and Data Laws
Report: UK CBDC Will Need New Finance and Data Laws
May 22, 2023  |  CBDC

If the United Kingdom wants to launch a digital pound, it will need to update its finance and data laws. That’s according to a Monday...

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