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Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

September 2, 2021

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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. 2901 Total views 36 Total shares The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, […]

Bank of International Settlements head says cryptos require more regulation

March 24, 2021

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Agustín Carstens has called for cryptocurrencies to be subject to more regulations while arguing that virtual currencies have not made a significant dent in global finance. 3509 Total views 19 Total shares Agustín Carstens, general manager of the Bank for International Settlements, has called for even more crypto regulations stating that virtual currencies are a […]

Central banks must play ‘pivotal role’ in digital money, says BIS exec

January 28, 2021

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An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money. 2330 Total views 26 Total shares With central bank digital currencies — or CBDCs — on the agenda in many countries, the general manager of the Bank for International Settlements has weighed in on the role of […]

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

January 22, 2021

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The new platform was announced as part of the BIS Innovation Hub’s priorities and programs for 2021. Benoit Coeure, head of the BIS Innovation Hub(Andrej Klizan/Flickr) Jan 22, 2021 at 2:48 p.m. UTC BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments The Bank of International Settlements (BIS) Innovation Hub listed its […]

CBDCs: An Idea Whose Time Has Come?

December 30, 2020

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Dec 30, 2020 at 4:00 p.m. UTC CBDCs: An Idea Whose Time Has Come? In 1987, Nobel laureate James Tobin proposed the concept of a retail central bank digital currency. The idea was that central banks should create a public payments “medium with the convenience of deposits and the safety of currency.” It was a […]

Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer

December 27, 2020

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It is hard to imagine that just two years ago, the general discourse around central bank digital currencies, or CBDCs, was mainly focused on the potential and possibility of issuing them. Even in 2019, the question was about whether we need state-owned cryptocurrencies, with only 70% of central banks worldwide studying the potential of issuing […]

Will they or won’t they? Central banks eye each other’s digital currency moves

October 29, 2020

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Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue one right now. For Macklem, inter-state competition and coordination remains the key question when it […]

Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020

October 26, 2020

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Oct 26, 2020 at 13:59 UTCUpdated Oct 26, 2020 at 14:13 UTC Benoît Cœuré, head of the BIS Innovation Hub. (Horacio Villalobos/Corbis/Getty Images) How things have changed since spring of 2019, when Agustin Carstens, general manager of the Bank for International Settlements (BIS), was issuing his latest warning over the need for caution when considering […]

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