Distributed ledger
China’s interest-bearing CBDC a world first, experts say
E-CNY now more integrated with commercial banking, thus solidifying country’s two-tier system
World’s largest CSD moves to tokenise Treasuries
DTCC subsidiary with $100 trillion under custody to partner with Digital Assets’ blockchain
BIS tests tokenised FX settlement in instant cross-border payments
Minimal tech upgrades proposed to link central bank money on DLT across Europe and Asia
Norway’s central bank latest to disavow CBDC
Currency would not be ‘appropriate’ to maintain krone’s monetary sovereignty, Norges Bank says
NBFIs could dent transmission – Bundesbank board member
Growing non-bank activity could diminish banking channel’s importance, says Köhler-Geib
PBoC emphasises stablecoins are illegal in China
Bank reiterates virtual currency ban and says pegged assets fail to meet identity and AML requirements
Sarb finds ‘no compelling need’ for a retail CBDC
Central bank pivots towards wholesale version while modernising national payments system
ECB in no hurry with new structural operations – Välimäki
Portfolio will first need to be reduced ‘considerably’, says bank's alternate board member
More independent central banks hold fewer dollars – research
De-dollarisation benefits Singaporean and Korean currencies, while Australia’s and China’s lose out
BoE sets out AI, DLT and quantum computing strategy
Stablecoin limits may be temporary, deputy governor says
Digitisation of money brings more regulatory risks – IMF head
Georgieva says crypto regs are in early stages and not yet coherent internationally
CNB joins Europe’s bank regulators to warn of crypto risks
Consumer interest driven partly by ‘aggressive’ promotion on social media, say authorities
Future-proofing reserve management and monetary operations
Central banks are searching for ways to streamline and optimise by leveraging cloud technology, AI and DLT
Waller praises DLT, AI and stablecoins for payments
Governor says there is nothing to fear from new technologies or payment providers
ECB’s Evelien Witlox on design choices for the digital euro
The digital euro’s program director speaks about holding limits, waterfall arrangements, programmability, blockchain usage and offline ‘secure elements’ for cash-like exchanges
Swift to build blockchain-based global payments infrastructure
Partnership with 30 banks will be ‘pivotal’ for global finance, payments messaging network says
ECB’s Cipollone reveals plans for digital euro infrastructure
Mobile app to enable “basic functionality”, with transactions processed in three different regions
Crypto has accelerated CBDC work – BIS survey
Developing and emerging economies more likely to make retail CBDC available on distributed ledgers
The cost of inaction on wholesale CBDCs
A gap exists between demand in capital markets and most central banks’ research priorities as evolving risks accrue
The foundations of sovereign finance are quietly evolving
Digital settlement infrastructure is taking shape. Now SSA issuers must decide how, not whether, to participate, argues Domenico Nardelli
Book notes: Central banking at the frontier, by Thammarak Moenjak
This well-structured book provides a comprehensive overview of the challenges digitalisation poses for finance and includes possible actions for central banks