CBDCs


Tech

Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

The filing details a way for fiat currencies, like the U.S. dollar, to be turned into a central bank digital currency.

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Finance

CipherTrace Wants to Guide Central Banks on Their Digital Currency Projects

The blockchain analytics firm is launching an initiative to pitch itself to central banks as both a tech partner and a guiding influence on future digital currency projects.

CipherTrace Chief Financial Analyst John Jefferies (Credit: CipherTrace)

Policy

Mauritius Central Banker Confirms Island's Digital Currency Plans

The Bank of Mauritius is inching closer to issuing a retail-focused central bank digital currency (CBDC), its governor confirmed Tuesday.

Mauritius is located in the Indian Ocean and has a population of 1.2 million. (Credit: Shutterstock)

Policy

The Problem With Money Is 'Too Much Privacy,' Says Ex-US Treasury Secretary Summers

Former U.S. Treasury Secretary Larry Summers said there may be “too much privacy” associated with government-issued cash, noting the prevalence of money laundering and its widespread use for storing and moving the proceeds from corruption.

Former U.S. Treasury Secretary Lawrence Summers speaks during Consensus: Distributed.

Tech

CoinDesk 50: How the People’s Bank of China Became a CBDC Leader

China's central bank, part of CoinDesk's new 50 list, is a pioneer of central digital currencies. Now the rest of the world is racing to catch up.

Illustration by Sonny Ross

Markets

New Zealand's Central Bank Is Hiring a Money Futurist

New Zealand’s central bank is looking for a Head of Money and Cash to focus "on the future of money” and be a "thought leader" for digital currency.

New Zealand bank note showing Sir Edmund Hillary.

Policy

4 Ways COVID-19 Will Bring Banks and Regulators to Crypto

Consensus:Distributed speaker and CoinDesk columnist Ajit Tripathi argues the pandemic will normalize the use of CBDCs and cryptocurrencies.

The Bank of England (Credit: Wikimedia Commons)

Finance

Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report

The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency.

Starbucks in China. (Credit: Shutterstock/testing)

Policy

Dutch Central Bank Wants to Be European Union's CBDC Proving Ground

The Dutch Central Bank is making a bid to become the European Union’s proving ground for a central bank digital currency.

The Dutch Central Bank cited its nation’s declining use of physical cash as one of the reasons it may do well with a CBDC trial. (Credit: Shutterstock)

Markets

Facebook's 'Scaled Back' Libra Proposal Is More Dangerous Than You Think

With stablecoin announcements from China and Libra in the same week, the war over the future of money is reaching a new height, says our columnist.

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