CBDC
Digital shekel must avoid arbitrage, public says
Israeli digital currency should comply with global information security standards
Two-thirds of central banks say retail CBDC ‘possible’
BIS survey finds 90% of central banks now working on digital currencies
RBNZ finds ‘overwhelming’ support for cash
New Zealanders emphasise importance of access to cash, and call for privacy in CBDC
Philippines central bank announces wholesale CBDC pilot
“Project CBDCPh” will test large transactions at limited number of institutions
HKMA advances e-HKD exploration
Authority notes risks around cyber security and removing intermediary banks
Mexico’s Rodríguez says CBDC project will take another year
New estimate would have the Bank of Mexico’s digital currency arriving in 2025
IMF panel weighs up wholesale versus retail CBDC
Officials reflect on trade-offs involved in crypto assets and new payments technology
Do CBDCs make sense for Latin America?
Steven Kamin says CBDCs may be particularly beneficial to emerging market economies
BoJ’s Uchida outlines phase two of CBDC experiments
Japanese people will ultimately decide whether they want a digital currency, executive director says
Riksbank reports on e-krona pilot’s performance
Pilot CBDC can integrate into payments systems, but met potential AML and performance problems
Every CBDC decision is a tradeoff, says Bank of Canada’s Shah
Privacy, security, and offline access present difficult problems
China expands e-yuan pilot
Beijing to trail use of central bank digital currency outside of Olympic Games centres
BoE partners with MIT on CBDC
Bank of Canada and the Boston Fed have also teamed up with MIT on research projects
Project Dunbar raises ‘more questions than answers’
BIS’s multi-CBDC project focused on qualitative benefits and trialled small-scale cross-border transfers
Central bankers see ‘potential’ in stablecoins
But John Williams, Cecilia Skingsley and Perry Warjiyo warn such systems must be better regulated
Biden orders CBDC report from Fed and other agencies
Report must advise on how possible CBDC would affect US security and sovereignty
Markus Brunnermeier on the need for CBDCs
The Princeton academic says public digital currencies face pitfalls but are still needed
Stablecoin risks raise need for CBDC research – Brainard
ECB’s Panetta says “stablecoins are not money”, as Brainard weighs CBDC as possible alternative
Boston Fed-MIT team hails successful CBDC test
The project’s two open-source systems were able to process large transaction volumes
RBNZ launches CBDC pilot project
Governor says central bank must maintain legitimacy by “responding to the needs of the public”
Indian government directs RBI to issue CBDC
Central bank told to prepare to issue the digital currency in 2022 and 2023
Experts divided over Fed’s ‘intermediated’ approach to CBDC
Observers praise the Fed’s conservative pace but criticise aspects of its hypothetical system design
Central banks essential to preserve trust in money – Carstens
Companies may fragment monetary system through competing stablecoins, warns BIS chief
No ‘convincing case’ for UK retail CBDC, say legislators
Report warns of potential “significant challenges” for financial stability and privacy posed by CBDC