Education & News
The Bank of International Settlements (BIS) has released a report in favour of central bank digital currencies (CBDCs) amid the coronavirus pandemic. The report published by researchers at the BIS, notes that COVID-19 is changing public's perception of cash; and that central banks should consider the development of
Education & News
The Bank of France (BDF) is officially launching a program of experiments to test the use of a central bank digital currency (CBDC) for inter-bank settlements. According to a document dated March 30, France's central bank is inviting applications from potential participants to experiment the feasibility of integrating
Bitcoin
The Central Banks of Canada, England, Japan, Sweden, Switzerland and the European Union, have formed a group in conjunction with the Bank for International Settlements (BIS) to jointly research digital currencies (CBDC). According to an official notice by the Bank of England, the partnering central banks will look to share
Education & News
Head of the International Monetary Fund (IMF) - Kristalina Georgieva has highlighted fintech and digital currencies as key priorities of the organization for the new year. According to Georgieva - a former CEO of the World Bank, the road to stimulating a healthy global economy will require leaders of its
Education & News
The Reserve Bank of Australia (RBA) recently released a report in which it examined the need for an Australian Dollar-based central bank digital currency (CBDC). According to the report submitted to the Australian Senate Committee for Financial Technology and Regulatory Technology, it notes that CBDCs have stimulated wide discussions across
Education & News
President of the European Central Bank (ECB) - Christine Lagarde has expressed support for the bank’s involvement in the development of a central bank digital currency (CBDC); as she notes its benefits for faster and cheaper cross-border payments. Speaking at a recent interview where she was asked about ECB’
Education & News
High Points * South Korea discusses CBDC for 2020. * Central Bank of Bahamas begins pilot testing of digital currency. The Bank of Korea (BOK) – South Korea’s Central Bank will constitute an organized task force to undertake a central bank digital currency (CBDC) research slated for the new year. BOK in
Africa
Sweden’s central bank (Riksbank) has announced it will be signing a deal with consultancy firm Accenture to develop a pilot platform for its digital currency dubbed the e-Krona. According to the Riksbank statement, it says: “The primary objective of the e-krona project is to broaden the bank's
Education & News
The Central Bank of France will begin tests on a central bank digital currency (CBDC) for financial institutions in 2020. The news was confirmed by the Governor of the Bank of France, Francois Villeroy de Galhau at a financial regulators conference where he said the bank will start tests on
Education & News
The United States Federal Reserve is exploring the development of a central bank digital currency (CBDC) - a digital dollar; with a focus on its potential benefits and risks on the general monetary system. This revelation was made by the Fed Chairman Jerome Powell in response to a letter sent
Africa
Bank of Ghana (BoG) Governor has revealed that the country is exploring the benefits of issuing a central bank digital currency (CBDC). Speaking at the 23rd National Banking Conference, the BOG boss - Ernest Addison said the country's central bank is discussing the launch of a CBDC project
Africa
* This post has been updated to reveal that the Central Bank of Tunisia (BCT) has denied claims of launching a central bank digital currency (CBDC). The bank states it is focused on digital payment alternatives, including CBDC but is yet to move forward with its implementation. The Central Bank of