Canadian Central Bank Releases Extensive Report on Viability of CBDCs
Central bank digital currencies, often known as CBDCs, are seemingly imminent: over recent months, central banks around the
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Are Central Bank Coins the End of Financial Privacy?
As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash.Our main discussion: central bank coins and financial privacy. The EU recently released a new research paper on a possible digital euro. Like many other official central bank
Read MoreBank of Canada calls central bank digital currencies risky, especially storage
Canada's central bank, the Bank of Canada, recently put out a report on the risks and benefits of a central bank digital currency. "An anonymous token-based central bank digital currency (CBDC) would pose particular security risks," the Bank of Canada wrote in its Oct. 5 report. "These risks arise from how balances are aggregated
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Estonia’s Central Bank to Research if Blockchain Can Support a Digital Euro
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country's e-government system, in supporting a central bank digital currency. Source
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Estonian central bank to conduct digital currency research
The Estonian central bank, Eesti Pank, announced the launch of a research program to study how to build a digital currency infrastructure.According to a statement, Eesti Pank partnered with technology companies SW7 Group and Guardtime for the research project. It aims to see if a keyless signature infrastructure (KSI) blockchain
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European Central Bank Ramps Up It’s Work on Digital Euro – Blockchain News, Opinion, TV and Jobs
A special Eurosystem task force from the European Central Bank (ECB) has published a comprehensive report, on the issuance of a European digital currency. They say
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The Bahamas Reveal Details, October Date of Landmark Central Bank Digital Currency Debut
The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month.“The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that
Read MoreEurope’s central bank is concerned about possible runs on stablecoins
The European Central Bank has warned the global community about the risks of so-called “stablecoin runs.”Analogous to the term “bank runs” in the traditional financial system, stablecoin runs could occur if end users lose confidence in the issuer or its network, the ECB wrote in a Sept. 22 report. In traditional
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Philippine central bank embraces digital tokens
The Philippine central bank sees digital tokens as a means to reduce the use of fiat money and improve the delivery of financial services in the country, even as the country is still studying its own digital currency.Speaking to Bloomberg, Philippine central bank Bangko Sentral ng Pilipinas, or BSP, governor
Read MoreThe Bahamas will launch a digital Central Bank ‘Sand Dollar’ in October
The Bahamas is gunning to become the first country in the world to roll-out a state-backed virtual currency nationwide, and has announced it will launch a central bank-issued cryptocurrency during October.The assistant manager of eSolutions at the Central Bank of The Bahamas, Chaozhen Chen, told Bloomberg that the digital currency,
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