CBDC News

An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money.

Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements.

Sessions devoted to “resetting digital currencies” are scheduled at this week’s Davos Agenda.

Retail users may have to wait in much of the world, however.

The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year.

The past two years were much harder on the dollar, however.

The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities.

Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration.

Central Bank Digital Currencies, or CBDCs, will likely affect Bitcoin in some fashion.

The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology.

How would mass-scale CBDC issuance impact the crypto space?

The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond.

China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN.

The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.