Central bank digital currency
CBDC design key to maintaining financial stability – IMF paper
Macro-prudential tools unlikely to be enough to offset risks from issuance of digital currencies
Demand for cash: a global update
Antti Heinonen explores recent data on banknote demand and analyses its impact on cash infrastructure
Central banks should collaborate on cross-border CBDCs – Nagel
Bundesbank president talks of “historic opportunity” to improve payments and avoid risk
M1 vs M0 in an instant payments world
Manmohan Singh explains how measurement of ‘narrow’ money is changing
Swift to conduct live digital asset transaction trials from 2025
Network’s head of innovation says functionality will meet increasing demand for digital transactions
Working group minutes: central banks weigh CBDC design choices
Central bankers discuss CBDC design elements, adoption rates and cross-border payments
Hong Kong launches second phase of CBDC pilot
Next stage will explore use cases for e-HKD and tokenised deposits
Crypto assets not fit for reserve purposes – World Bank study
Economists say central banks are unlikely to move into non-CBDC digital currencies “any time soon”
Bank of Canada pivots away from retail CBDC
Decision to scale back research follows similar move by Australian central bank
Central bank digital currencies must be user-friendly – ECB study
To be widely adopted, CBDCs will need to combine best aspects of existing payment methods
‘No clear public interest case’ for retail CBDC, says RBA
Australian central bank believes wholesale digital currency has greater potential
Swift tailors its operations for digital assets
Network says DvP and PvP capability will let securities buyers pay for and exchange tokens simultaneously
CBDC transactions reach 7 trillion yuan, PBoC official says
Figure suggests e-CNY transactions almost quadrupled in the year to June
Previous CBDC research based on outdated assumptions – ECB paper
Authors say rejecting digital cash would have adverse unintended consequences
Brazil announces new themes for phase two of CBDC pilot
BCB selects private companies to test implementation of “smart contract” for drex currency
Digital payments ‘indispensable’ in driving development – Tombini
BIS Americas chief says central banks should continue promoting FPS and CBDCs
Bank of Russia expands CBDC pilot
Central bank says second phase will involve far greater numbers of people and firms than initial stage
Kyrgyzstan opens public consultation on laws governing CBDC
Amendments to legislation affecting digital som are due to come into force in 2027
Australian indigenous nation advances with digital currency
Birri Gubba dollar to be pegged to AUD and backed by assets including carbon credits
CBDCs amplify contractionary effects of monetary shocks – BoC paper
However, research finds no substantial change to transmission mechanism
Policy-makers report progress in CBDC exploration
Central banks generally see promise in digital currencies, though one is halting research
Innovate to defend status of central bank money, says BoE
Bank “exploring options” to widen access to settlement
Banks begin tailoring offers to Gen Z’s needs – MNB report
First “fully digital” generation expects 24/7 digital payments solutions
Kazakhstan’s CBDC pilot enters second phase
Central bank to examine how digital tenge could be used to reduce corruption in public spending