Digital currency
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
Digital money and central banks
Central banks must reflect on the monetary policy, regulatory and financial stability implications from crypto assets, stablecoins and CBDCs to stay relevant in the digital age of money
Markus Brunnermeier on the need for CBDCs
The Princeton academic co-authored a paper for the European Parliament exploring the potential pitfalls of CBDCs. But they are still needed, he says
The ECCB’s DCash outage: what went wrong?
Experts discuss security certificate problems that may have derailed DCash pilot
ECCB says pilot CBDC will return next week
Barbados firm Bitt still working on DCash project after outage beginning on January 14
Stablecoin risks raise need for CBDC research – Brainard
ECB’s Panetta says “stablecoins are not money”, as Brainard weighs CBDC as possible alternative
Diego Labat on policy normalisation, capital flows and tech challenges
The Central Bank of Uruguay governor speaks with Christopher Jeffery and Ben Margulies about governance, financialisation, flexible rates versus capital controls, payment upgrades and CBDCs
Majority of central banks lack legal authority to issue CBDC
Technical CBDC design has legal implications
Payments efficiency is driving force behind many CBDCs
Inclusion, financial stability and monetary policy are also leading factors
Boston Fed-MIT team hails successful CBDC test
The project’s two open-source systems were able to process large transaction volumes
Pilot CBDC outage due to expired certificate, ECCB says
Blockchain network requires update before digital currency can come back online
Eastern Caribbean digital currency remains offline
DCash has been shut down since January 14, as firm says it has “identified problem”
IMF warns El Salvador on crypto
Executive board recommends “removing bitcoin’s legal tender status”
Japan launches Oceania CBDC study
Fintech firm Soramitsu will examine outlook for digital currencies in four Pacific island states
ECCB digital currency suffers outage
Eastern Caribbean’s DCash disrupted by unspecified “technical issue”
Jamaica prepares for national CBDC launch
Country is in the vanguard of digital currencies as it begins its national launch this quarter
Economics Benchmarks 2021 report – executive summary
Covid-19 coloured central banks’ views on the governance of their economics function in the past year, from research topics to forecasting, data, publications and more
Mexican government announces CBDC for 2024
Bank of Mexico has yet to comment publicly on the initiative
Crypto markets may centralise power – BIS bulletin
Need for centralisation is “inescapable” despite crypto boosters’ claims to the contrary – researchers
Podcast: an update on the e-naira project
Bitt’s Imran Khan explains how its project in Nigeria is different to CBDC projects launched before
Book notes: Shades of sovereignty, by Paul Wilson
An essential and stimulating read for central bankers thinking about the monetary history of their state in relation to its historical perspective and broad international trends
Alternative data fuels central bank research
Important research areas include monetary transmission, exchange rates, digitisation, SMEs and climate change, against the backdrop of Covid
Bank of Tanzania ‘working on CBDC’, governor says
Luoga says “cryptocurrencies are not safe” and president has urged work on CBDC