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 of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it.
Bitcoin too volatile to be adopted as legal tender, says BoE chief
Helen Partz
2021-11-26T11:44:02+00:00
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Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements.
Japanese megabanks join consortium launching yen-based digital currency
Sam Bourgi
2021-11-24T17:30:00+00:00
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The partnership will help Palau be climate-friendly while enhancing its cross-border payments and digital currency technologies.
Palau partners with Ripple on climate-friendly national digital currency
Brian Newar
2021-11-24T05:54:50+00:00
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“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new pr...
US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair
Turner Wright
2021-11-23T20:00:00+00:00
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News
The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs.
Bank of England sees CBDCs as a revolution for the future of money
Zhiyuan Sun
2021-11-23T19:30:00+00:00
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The publication contains eight separate white papers exploring topics including the impact of lawmakers regulating stablecoins and central bank digital currenci...
WEF releases resource suite for CBDCs and stablecoins aimed at regulators and businesses leaders
Turner Wright
2021-11-22T19:15:00+00:00
4023
News
Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said.
Digital currencies won’t impact US sanctions, Treasury exec says
Helen Partz
2021-11-19T10:16:25+00:00
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The Bank of Russia views CBDCs as a responsible alternative to Bitcoin and wants to take fees from CBDC transactions.
Bank of Russia plans to take fees for CBDC transactions: Report
Helen Partz
2021-11-18T15:05:26+00:00
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