CBDCs


Markets

Bank of England Considering a Central Bank Digital Currency, Governor Says

The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years.

The Bank of England

Markets

Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday's Hearing

While not every lawmaker was on board with the idea of a central bank digital currency during a Senate Banking Committee hearing Tuesday, no one explicitly rejected it either.

U.S. Senator Mike Crapo discussed stablecoins in his opening remarks during a hearing on digitizing money Tuesday. (Chief Mass Communication Specialist F. Julian Carroll/Wikimedia Commons)

Markets

BIS Plans New Central Banking Fintech Research Hubs in Europe, North America

The Bank for International Settlements is expanding its “Innovation Hub” with a handful of new locations in Canada and Europe.

Benoit Coeure, head of the BIS Innovation Hub

Policy

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money.

Christopher Giancarlo (CoinDesk archives)

Markets

Blockchain Bites: Rethinking Libra, Craig Wright and Something Smells Fishy in Blockchain

Craig Wright will go to trial, while IBM and a Norwegian association team up to track salmon on blockchain.

(icedmocha/Shutterstock)

Markets

CBDC Issuance Is 'Not a Reaction' to Libra, Says Central Bank Body

The Bank for International Settlements appears to contradict its own prior statements in a new digital payments report.

Part of the BIS headquarters, the Botta Building in Basel

Markets

Thai Central Bank Taps Cement Company for First Digital Currency Payments

The Bank of Thailand is integrating a CBDC payments system into the financials of the country’s oldest cement company in an extension of its Inthanon project.

Thai baht

Policy

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.

Federal Reserve Chairman Jerome Powell

Markets

In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride

Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely.

(Digital Storm/Shutterstock)

Policy

Canada’s Central Bank Is Serious About Designing a CBDC, Job Posting Reveals

The Bank of Canada is preparing to design its own central bank digital currency (CBDC), detailing its plans in a new job posting.

Bank of Canada