CBDCs


Policy

S. Korea's Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch

The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.

Bank of Korea building, Seoul

Policy

Libra Is Ready for the Digital Money 'Space Race': Dante Disparte

Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.

TWO SIDES: Juggling inclusion and compliance remains Libra's most pressing challenge. (Credit: Shutterstock)

Finance

Digital Currencies Could Replace Low-Interest Bank Accounts, Says UN-Linked Expert

Low-interest rates have removed one of the few remaining incentives for holding a bank account, meaning digital currency could be a better alternative, argues an economics analyst.

cutting bank card

Markets

Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC

The Digital Dollar Project's first white paper describes how a two-tiered system underpinning a tokenized dollar could modernize the U.S. financial system.

DIGITAL DOLLARS: Former CFTC Chairman Christopher Giancarlo said building a digital dollar could take years, but work needs to start now to achieve this.

Markets

First Mover: Bitcoin Could Get a Boost From Central Bank Digital Currencies

CBDCs might seem to be anathema to the mission statement of bitcoin, but they may prove to be a valuable on-ramp for new investors.

skateboard ramp jump 2

Markets

Central Banks Mull Creating a CBDC, but Not on a Blockchain: Survey

Forty-six central banks would consider a broader form of distributed ledger technology for a CBDC but aren't crazy about putting it on a blockchain.

Credit: New York Public Library

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.