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
The bank messaging service, which dates back to the 1970s, is looking to connect CBDCs to each other and to traditional currencies as it tries to stay up to dat...
SWIFT, Capgemini team up to test using the international network for CBDC transfers
Derek Andersen
2022-05-19T21:00:00+01:00
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Newsletter
Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure and more.
Law Decoded: Is depegging a real threat to financial stability?
David Attlee
2022-05-17T09:43:54+01:00
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News
Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still “vulnerable to runs,” just as investing in cryptocurrencies carried c...
Digital euro could come as soon as 2026 — ECB official
Turner Wright
2022-05-16T16:30:00+01:00
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Analysis
Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow.
CBDC activity heats up, but few projects move beyond pilot stage
Andrew Singer
2022-05-16T14:01:00+01:00
2807
News
The ECB drops another working paper on the digital euro, causing more outrage from Europeans opposing a central bank digital currency.
ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’
Helen Partz
2022-05-13T15:13:24+01:00
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Interview
Jonas Gross spoke with Cointelegraph about the digital euro’s risks for private banks and the goals of the ECB.
Chairman of the Digital Euro Association: ‘The primary aim of the digital euro is still not clear’
Veronika Rinecker
2022-05-13T13:01:06+01:00
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News
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research.
Leaked report: South Korea to establish crypto framework by 2024
David Attlee
2022-05-12T10:23:45+01:00
2286
News
Chile’s planned start to its digital peso rollout in early 2022 has been held back while its central bank conducts more analysis to inform a new report by the e...
Chile puts CBDC plans on hold until end of 2022 to undertake more analysis
Jesse Coghlan
2022-05-12T02:42:03+01:00
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