CBDCs


Finance

Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.

The Federal Reserve Bank of New York is leading a program to test the use of digital tokens to settle transactions among financial institutions. (Shutterstock)

Videos

The Future of Money

Host Joel Flynn discusses how CBDCs will actually change our life. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Recent Videos

Finance

Needham's John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase

The vice president at the investment and asset management firm discusses whether the stablecoin could become the “de facto” U.S. central bank digital currency.

(Robert Nickelsberg/Getty Images)

Policy

CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says

The New York Fed simulated foreign exchange transactions using a distributed ledger to test for improvements over the current system.

Federal Reserve Bank of New York (Michael M. Santiago/Getty Images)

Policy

Canada Announces Crypto, Stablecoin Consultation in New Budget Statement

Federal government plans to examine crypto, which it said is "transforming financial systems" around the world.

Canada Deputy Prime Minister Chrystia Freeland (Carlos Tischler/Getty Images)

Policy

France, Switzerland, Singapore to Test DeFi in Forex Markets

The countries' central banks started Project Mariana because they think decentralization could be the future of finance.

Singapore's central bank is among those testing DeFi for foreign exchange markets. (seng chye teo/Getty Images)

Tech

Qué es y cómo funciona una moneda digital emitida por un banco central

Una CBDC es una moneda digital emitida por un banco central. En otras palabras, es un tipo de dinero con el que los gobiernos están experimentando y que suele tener tecnología blockchain como núcleo.

Edificio de la Reserva Federal en Washington, D.C.

Videos

BIS Report Finds CBDCs Useful in Foreign Exchange Transactions

The Bank for International Settlements (BIS) revealed in a report that CBDCs come in handy for foreign exchange transfers as they saw 20 different commercial banks conduct over 160 payments worth around a total of $22 million. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the ongoing Project mBridge and what it means for CBDC adoptions around the world.

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Policy

Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report

The Bank for International Settlements tested its mBridge project for foreign exchange transactions.

The Industrial and Commercial Bank of China was one of 20 commercial banks trialing foreign exchange payments as part of Project mBridge. (Vincent Isore/IP3/Getty Images)