CBDCs


Markets

BIS Researchers Say Coronavirus Could Spur Central Banks to Adopt Digital Payments

BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies.

"Perceptions that cash could spread pathogens may change payment behaviour by users and firms,” the researchers said. (Credit: Myra Thompson / Shutterstock)

Policy

How Central Banks Could Use Digital Cash to Deliver Universal Basic Income

Central banks are well placed to deliver regular, no-questions-asked monthly payments to everyone, and to manage any ensuing inflation.

helicopter money

Policy

The Pandemic Gives Digital Currencies Another Chance to Shine

Which digital currencies are most useful in a crisis, asks a Brazilian central banker. CBDCs, bitcoin or libra?

Credit: Shutterstock

Policy

Digital Pound Could Present 'Challenges' for UK, Says Mark Carney

The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.

carney

Policy

That Noise You're Hearing? Central Banks Struggling to Evolve

Noelle Acheson looks at the evolving role of central banks in the context of the current crisis, and what that could mean for crypto.

Image via Shutterstock

Policy

Japan Doesn't Need a Digital Yen, Asserts BOJ Official

A digital yen could have serious unintended consequences, the Bank of Japan's deputy governor warned.

Japanese yen

Tech

Algorand Blockchain Chosen as Underlying Tech for Marshall Islands' Digital Currency

Algorand was selected following "extensive market research among the leading protocol options."

Credit: Shutterstock

Policy

With Central Bank Digital Currencies, States Are Reasserting Power Over Money

Nothing is more centralizing than a state’s control over decentralized technologies like blockchain and cryptocurrency, says law professor and blockchain adviser James Cooper.

Credit: Shutterstock/Dilok Klaisataporn

Policy

BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies

Researchers at the Bank for International Settlements say the future of payments may be peer to peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.

“The most transformative option for improving payments is a peer-to-peer arrangement that links payers and payees directly and minimizes the number of intermediaries,” said BIS chief Agustin Carstens (center). (Image: Wikimedia)

Policy

'Crucial' for Central Banks to Consider Digital Currencies: Bank of England Exec

Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier.

Bank of England