CBDC News

A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020, with numerous countries expressing interest in their own versions of the asset type. Some countries pushed faster than others toward their own native digital currency. China, for example, moved quickly toward the prospect of its own CBDC, called the digital yuan.

The Bahamas burst on the central bank digital currency market in 2020 with the first CBDC. Called the Sand Dollar, the country’s CBDC is a national digital currency for the region, holding the same value as the Bahamian dollar. CBDCs differ from crypto-native stablecoins put out by crypto industry entities. Such stablecoins aim to track the value of underlying assets, such as the U.S. dollar, although the stablecoins themselves are not official regional currencies and are often overseen by companies.

News
Uphold CEO JP Thieriot said that the nature of life in Latin America begs for use cases based on Bitcoin.
Latin America stands to benefit most from crypto, says Uphold exec
Erhan Kahraman
2021-10-27T11:18:12+01:00
2684
News
Led by Belgian financial services firm Euroclear, the latest French CBDC trial involved a system by tech giant IBM.
French central bank pilots blockchain-based CBDC for debt market
Helen Partz
2021-10-19T09:57:03+01:00
5397
News
Offline CBDC functionality will help bring financial services to Ghanaians who lack access to bank accounts or an internet connection.
Ghana to explore offline transactions for upcoming CBDC
Inigo Vaca
2021-10-19T01:51:22+01:00
6631
Newsletter
As the crypto space gets all worked up by the impending launch of Bitcoin exchange-traded funds, industry leaders are taking it upon themselves to sketch out th...
Law Decoded: Best regulation is self-regulation, Oct. 11–18
Beau Linighan
2021-10-18T17:21:58+01:00
1874
Analysis
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Asian CBDC projects: What are they doing now?
Jinia Shawdagor
2021-10-16T14:07:00+01:00
4063
News
The Bank of Japan is keen to ensure the seamless integration of its central bank digital currency with the existing payment architecture.
Japan will prioritize simplicity in CBDC design, says central bank executive
Osato Avan-Nomayo
2021-10-15T11:10:14+01:00
3775
News
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape.
Digital Pound Foundation launches to promote CBDC development in the UK
Osato Avan-Nomayo
2021-10-14T09:56:07+01:00
3958
News
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system.
G7 leaders issue central bank digital currency guidelines
Martin Young
2021-10-14T05:11:52+01:00
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