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
A new role, “head of CBDC,” will help the United Kingdom to “explore the case for a digital pound,” although U.K. Bitcoiners would argue that might not be neces...
UK Bitcoin community reacts to incoming CBDC and digital pound rollout
Joseph Hall
2023-01-25T13:15:00+00:00
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News
Saudi Arabia’s central bank stressed that no decision has been made to launch a CBDC, but it will continue to research use cases.
Saudi Central Bank still researching CBDC, but no decision on deployment
Martin Young
2023-01-25T04:17:58+00:00
9279
News
Visa began working on a blockchain interoperability project in September 2021 to support CBDC and stablecoin adoption but few updates have been made since.
Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO
Brayden Lindrea
2023-01-25T02:34:02+00:00
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News
The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda.
UK gov't is hiring a central bank digital currency lead for Treasury team
Turner Wright
2023-01-24T20:00:00+00:00
3530
Analysis
In recent months, four countries that had previously initiated major CBDC pilot programs have scrapped their adoption plans altogether.
Amid crypto winter, central banks rethink in-house digital currencies
Shiraz Jagati
2023-01-24T14:01:00+00:00
2907
News
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app.
ECB executive board member outlines plans for digital euro to European Parliament
Derek Andersen
2023-01-23T17:29:23+00:00
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News
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.
Davos-launched blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs
Jesse Coghlan
2023-01-23T02:39:10+00:00
15871
Analysis
At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Be...
Going cashless: Norway's digital currency project raises privacy questions
David Attlee
2023-01-21T14:01:00+00:00
6732

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