Digital currency
Holding limits could support CBDC adoption – ECB study
High threshold, plus reverse waterfall functionality, could mitigate stability risks, researchers say
ECB launches Pontes and prepares to invest in tokenised securities
Bundesbank onboarded as market participant to trade tokenised assets settled in central bank money
Japan’s CBDC pilot far from ready for mass adoption – BoJ
Central bank says building digital currency for public use will be much harder than testing
Anchor tokenisation in central bank money, says BIS’s de Cos
General manager uses Jackson Hole speech to champion tokenised deposits and reserves over stablecoins
Visa joins MAS’s Bloom
Payments router announces participation in multi-currency tokenised deposit and stablecoin project
US agencies propose crypto rules after Clarity Act stalls
SEC plans would exempt firms from some securities laws
India extends programmable CBDC welfare scheme
Government hails e-rupee food initiative as “proof of concept for the nation”
IMF’s Katz urges central banks not to wait for ‘perfect’ stablecoin regs
Deputy head stresses data collection should start now as AI may accelerate adoption
Digital euro would have ‘muted’ effect on banks’ funding – paper
Bundesbank finds that €3,000 holding limit would cause “contained” effects on long-term bank health
Mampho Modise on payments reforms and the hierarchy of money
Sarb's deputy governor discusses conflicting crypto directives, wholesale CBDC plans, expensive remittance and a Brics gold-backed settlement unit
Podcast: How central banks evade sanctions
Iran, North Korea and Russia are increasingly sharing digital infrastructure and playbooks
Book notes: Money: the inside story, by Rupal Patel and Jack Leslie
BoE’s latest explainer provides an entertaining and accessible guide to finance
One ledger or eight: the design choice that will shape cross-border money
Two rival tokenised settlement networks have both expanded – mBridge into Macau and Mongolia, Agorá to Canada. The contest between them is not primarily about technology, and not yet about currencies. It is about who keeps the ledger, argues Marcello…
Peirce warns crypto vaults and lending may fall under SEC rules
Commissioner urges against legal ‘gymnastics’ to avoid regulation
Bank of Russia confirms new crypto regime
Law forms part of de-dollarisation and alternative payments push as Moscow seeks new ways to evade sanctions
Cipollone outlines digital euro app as ECB readies pilot
Board member says application will ‘leave no-one behind’
Nigeria’s president signs order to enhance virtual asset regulation
Central bank to chair ‘virtual assets council’ to help close regulatory gaps
Co-ordination key to alleviating tokenisation risks – IMF official
When activity is on shared ledgers, governance failures become systemic risks, Tobias Adrian says
‘Who pays?’ remains biggest puzzle of digital euro – panel
Specialists say successful payment systems solve problems for consumers and merchants
Tokenisation should be built into the two-tier system – BIS
Stablecoins not necessary for fast payments and programmability, institution says
BoE publishes ‘final’ stablecoin policy
Systemic sterling stablecoin holding limits swapped for £40bn issuance cap