Digital currencies
Richmond Fed: is US ready for digital dollar?
Brief argues there are questions to answer before embarking on CBDC
Bank of Canada may speed research into central-bank e-currency
Deputy governor says digital cash “not foregone conclusion,” criticises crypto
Book notes: The currency cold war, by David Birch
Pleasant and interesting read on if digital money will jeopardise US dollar’s dominance in global trade and finance
The role of Tips for the future payments landscape
Tips could play a critical role in providing the infrastructure for a digital euro as well as facilitating fast and efficient cross-border payments
China starts public trials of experimental CBDC
PBoC and Shenzhen local government issue digital yuan to test retail payments
ECB’s Panetta stresses digital euro should preserve privacy
Central bank launches public consultation on digital euro
UK’s FCA bans crypto derivatives for retail investors
FCA says retail crypto assets have no reliable valuation basis and could increase financial crime
ECB steps up research on ‘digital euro’
Central bank analysing both centralised and decentralised options for a digital currency
An end to the loveless marriage with the US dollar?
Covid-19 represents an unexpected shock that could cause further US dollar decoupling
Central Bank of Brazil forms CBDC working group
Report by commercial bank warns that Brazil faces strong structural obstacles to CBDC
Fed paper looks at different CBDC types
“Account-based”, “cash equivalent” and “hybrid” CBDCs all have varying advantages – researchers
Boston Fed and MIT collaborate on digital currency research
Research results on software architecture will be released as open source
Bank of Japan intensifies CBDC research
Central bank appoints new CBDC head as ruling party warns Chinese effort poses security threat
Bank of Korea sets up digital innovation division
Korean central bank aims to increase CBDC research and create new statistics system
Mersch says retail CBDC could destabilise financial system
Central bank digital currency could worsen bank runs and harm disintermediation, ECB official says
Bank of Canada developing CBDC ‘contingency plan’
Central bank could issue CBDC if private sector alternatives become quickly dominant, deputy governor says
Banque de France to launch CBDC experiments in 2020
De Galhau says new directorate will look at using wholesale CBDC in transactions for tokenised assets
Barbados-based firm hopes to become world’s CBDC provider
Bitt founder shares his ambitions to create a global CBDC settlement network
Bahamas exploring ‘early introduction’ of CBDC
Move could test currency’s emergency features in aftermath of hurricane Dorian, governor says
Bahamas takes steps towards digital currency as legal tender
Central bank proposes changes to governing law to give itself authority to issue a CBDC
FSB looking into regulations applicable to stablecoins
Stablecoins may be small now, but there’s “no doubt” they pose regulatory challenges, FSB chair says
Swedish state needs to face dangers of falling cash use, Riksbank says
Marginal role for the state in payments could weaken competition and trust, central bank argues
Effects of CBDC on lending depend on level of competition – BoC researchers
CBDC could increase bank lending if banks have some market power, researchers say
Riksbank opens procurement for e-krona development
Central bank intends to commission platform for electronic central bank payments in 2020