Digital currencies
Chile central bank opens CBDC survey
Poll is part of gradually unfolding evaluation of potential digital currency
Japan and Soramitsu to conduct Asia-Pacific CBDC studies
Observers note de-dollarisation and spread of e-yuan as potential motivations
Legal certainty: the Achilles’ heel for CBDCs?
Many central banks lack legal certainty when it comes to issuing digital currencies, despite all the research and trials. Isn’t it time to get the lawyers involved?
Panama’s president vetoes parts of crypto law
Bankers’ association also opposes law, which president says lacks AML protections
CBDC and bank intermediation in the eurozone
An assessment of the impact different ‘digital euro’ designs related to remuneration and usage limits could have on the banking system, including during times of stress*
Book notes: The future of money, by Eswar S Prasad
Prasad’s book is the best on the topic so far, providing the most complete description of issues and factors that will shape the future of money
Digital yuan being tested at Chinese high school
“Smart ID card” allows students to make purchases – and parents to track them
Digital euro could be reality by 2026 – ECB’s Panetta
ECB will step up engagement with authorities and investigate means of issuing CBDC
CBDC little threat to Canadian bank liquidity – paper
Bank of Canada research says most bigger banks have enough funding to handle retail CBDC competition
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
Central African Republic makes cryptocurrency legal tender
War-torn state is second country to give crypto official status, after El Salvador
Honduras central bank warns on bitcoin again
Central American country will not follow El Salvador in making bitcoin legal tender, BCH says
Digital money and central banks
Central banks must reflect on the monetary policy, regulatory and financial stability implications from crypto assets, stablecoins and CBDCs to stay relevant in the digital age of money
The ECCB’s DCash outage: what went wrong?
Experts discuss security certificate problems that may have derailed DCash pilot
ECCB says pilot CBDC will return next week
Barbados firm Bitt still working on DCash project after outage beginning on January 14
Pilot CBDC outage due to expired certificate, ECCB says
Blockchain network requires update before digital currency can come back online
Eastern Caribbean digital currency remains offline
DCash has been shut down since January 14, as firm says it has “identified problem”
IMF warns El Salvador on crypto
Executive board recommends “removing bitcoin’s legal tender status”
Japan launches Oceania CBDC study
Fintech firm Soramitsu will examine outlook for digital currencies in four Pacific island states
ECCB digital currency suffers outage
Eastern Caribbean’s DCash disrupted by unspecified “technical issue”
Bank of Tanzania ‘working on CBDC’, governor says
Luoga says “cryptocurrencies are not safe” and president has urged work on CBDC
Chinese governor says CBDC must balance privacy and anti-crime measures
Yi says PBoC will collect “minimum amount of information” as police report first CBDC-related arrests
Nigerian central bank will test prototype CBDC
“eNaira” will be tested in four cities, reaching a combined population of nearly 15 million
Turkey raises banks’ gold and FX reserve levels
Central bank announces work with state-owned organisations on prototype CBDC