CBDC
Carstens says lack of legal clarity on CBDC ‘unacceptable’
BIS chief warns widespread uncertainty over legal status of digital currency could impact trust
Barr says Fed will not issue CBDC without legislation
Supervision chief warns of danger of unregulated issuance of stablecoins
RBI’s CBDC pilot has 1.5 million users, says Das
Governor says project is aiming to reach one million daily transactions by December
PBoC developing interoperable QR codes for digital yuan
Digital yuan to be available in all retail scenarios and in wholesale securities markets
Macau establishes digital currency as legal tender
New legal regime also introduces a penalty system for refusing notes and coins
Kazakhstan joins mBridge project
NBK joins cross-border CBDC project as an observer
Hungary’s gamified CBDC pilot designed for children
Student Safe project is the first live retail CBDC pilot in Europe
BoE study recommends ‘simple and flexible’ CBDC infrastructure
Central bank needs to be wary of firms wielding too much market power, author says
Brazilian central bank outlines CBDC project
Drex is being developed on a distributed ledger platform with smart contracts
Economic impact of CBDC likely ‘negligible’ – Colombian paper
Economists at Central Bank of Colombia consider design choices and how they may affect the economy
Russia starts digital ruble trials
Sanctioned banks are participating in CBDC pilot
Brazil’s CBDC to improve access to ‘intelligent financial services’
BCB expected to launch digital currency in 2024
DeSantis attacks Federal Reserve
Republican candidate suggests he would name new Fed chair
New York Fed completes global digital dollar proof of concept
Wholesale CBDC project tested 24/7 payment and settlement
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
World Economic Forum warns of CBDC ‘alliances’
Report recommends interoperability via “token switching” and common messaging standards
EC proposes legal tender status for digital euro
Legislation envisages digital wallet available on- and offline, while safeguarding cash
SNB to test wholesale CBDC in real-world pilot
Tokenised assets will be settled on the SIX Digital Exchange
IMF’s Adrian draws ‘blueprint’ for international CBDC platform
Model would use common token, exchangeable with central bank reserves
BoE and BIS develop digital currency APIs
Bank of Canada, Central Bank of Hungary, Visa, Mastercard and Amazon involved
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
BoJ explores holdings limits for CBDC accounts
Central bank says setting overall holding limits could raise privacy issues
Major central banks set out CBDC policy debates
BIS and central banks discuss major policy issues that still need to be solved
NY Fed and MAS test distributed ledger CBDC payments
System averaged 6.48 payments a second, with peak of 47 payments a second