Thursday, February 25, 2021
Home > CBDC

4 top universities submit CBDC designs to the Bank of Canada

Major Canadian universities have submitted new research to the Bank of Canada centered around the development of a central bank digital currency, or CBDC, underscoring the innovation underway in this space. The research began last year after the BoC engaged four institutions around potential designs for a national cryptocurrency. A total

Read More

China, Singapore Look Ahead to CBDC Future at World Economic Forum

Financial authority figures from China and Singapore offered a glimpse at how the international roadmap for central bank digital currencies (CBDCs) might play out, with the suggestion of an interoperability deal between the nations. Moderating a virtual World Economic Forum (WEF) panel on the impact of CBDCs, CryptoX Chief Content Officer

Read More

BIS: CBDC Research Gaining Steam but Widespread Issuance Years Away

The monetary revolution will be digitized … but for the vast majority of earthlings likely not anytime soon, according to central bank digital currency (CBDC) research published Wednesday by the Bank for International Settlements (BIS).To get there, though, 86% of the central banks surveyed in BIS’ third annual CBDC questionnaire

Read More

Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS

Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements.In its latest survey of CBDC development, the BIS shows that central banks representing roughly a

Read More

Sweden is working with DLT for its CBDC proof-of-concept

Central Bank Digital Currencies, or CBDCs, were the talk of the town for many in crypto and banking in 2020, with Sweden's prospective e-krona one of the frontrunners. Sweden’s central bank, Sveriges Riksbank, is investigating distributed ledger technology, or DLT, for its CBDC proof-of-concept, the bank’s deputy governor confirmed today. “The

Read More

China turns up pace on CBDC release, tests infrastructure prior to adoption

The COVID-19 crisis has done little to dampen China’s interest in becoming the first major economy to distribute a central bank digital currency. Quite the contrary, its digital currency/electronic payment project appears to be picking up speed. In the Shenzhen region, for example, 100,000 local citizens this month received for free

Read More