ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

‘Chinese Invented Paper Money and They Will End It’- Brazil’s Far-Left Praises Digital Yuan  

Kazakhstan Is Preparing the Launch of a CBDC Pilot With Private Financial Companies

Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’

The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it. Recently, the Banco Central do Brasil (BCB) president hinted at the possibility of having news on the matter “soon.†No Decision Has Been Made on Whether the Digital Real […]

Swedish Central Bank Releases the First Study About Its CBDC E-Krona Pilot

The Swedish central bank keeps making steps towards modeling its e-krona pilot project by issuing a detailed report of the results of phase one for the path ahead. Riksbank is still optimistic about launching its central bank digital currency (CBDC), but there are hurdles to clear out on the road. Riksbank to Spend Another Year […]

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis. Why Everyone Wants a CBDC Now […]

Compound’s New Blockchain Readies DeFi for Central Bank Digital Currencies

Compound Labs released a white paper Thursday detailing its plans to create Compound Chain, an application-specific blockchain that can provide money market services across multiple networks. “We want to announce the designs for a blockchain that can scale Compound over the next century,†Compound founder Robert Leshner told CoinDesk on a phone call. The decentralized […]

The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’

Every single day the conversation about the Great Reset continues to amplify. More recently, mainstream media publications have been publishing rebuttals in response to the many skeptics of this agenda who believe the reboot propaganda is meant to install a new world order. The American broadcaster Max Keiser is telling a few countries to get […]

The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’

Every single day the conversation about the Great Reset continues to amplify. More recently, mainstream media publications have been publishing rebuttals in response to the many skeptics of this agenda who believe the reboot propaganda is meant to install a new world order. The American broadcaster Max Keiser is telling a few countries to get […]

Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

A former governor of China’s central bank believes the digital yuan won’t upset the order of the global monetary system. According to a report by the South China Morning Post on Sunday, Zhou Xiaochuan told attendees at the Shanghai Financial Forum that China’s digital currency electronic payment (DCEP) initiative shouldn’t be perceived as “great power […]

SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection

It’s been a busy couple of weeks for Switzerland’s digital asset exchange, SDX. In chronological order (and pardoning the unavoidable alphabet soup): Last week SDX’s parent company, SIX, announced test results around the “feasibility†of wholesale central bank digital currencies (CBDCs), involving the Swiss National Bank (SNB) and Bank of International Settlements (BIS). This week, […]

Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says

An under-the-wraps Swiss trial testing how central bank money can be linked to financial markets built on distributed ledger technology (DLT) yielded positive results, the Bank for International Settlements (BIS) announced Thursday.  Launched by the Swiss National Bank (SNB) in collaboration with BIS’ Innovation Hub and Swiss stock exchange operator SIX, the project looked into […]

Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say

The central banks of Saudi Arabia and the United Arab Emirates (UAE) have concluded a digital currency (CBDC) pilot, finding that distributed ledger technology can improve cross-border transactions and meet the demands of financial privacy in a purely digital context. In a 93-page overview of the “Aber†project, the two central banks outlined the lessons […]

Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

The deputy chairwoman of the Bank of Russia, Olga Skorobogatova, met with representatives of several major banks Thursday, seeking early feedback on the concept of a digital ruble. According to Russian newspaper Kommersant, the bankers were chiefly concerned over how centralized the digital currency system, currently under consideration, might be if launched. The event included […]

Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group

The chief executive of Monex Group, a financial services firm based in Tokyo, believes central bank digital currencies (CBDCs) would be a boon for the cryptocurrency market. As reported by Reuters on Wednesday, Oki Matsumoto said the introduction of a digital version of the yen by the Bank of Japan (BoJ) would “significantly enhance the […]

ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years

European Central Bank President Christine Lagarde said she believes the region’s monetary authority will move to launch a digital version of the euro in the next two to four years. “We might well go in that direction,†Lagarde said Thursday on a virtual panel with Federal Reserve Chair Jerome Powell and Bank of England Governor […]

Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

A group of central banks says the coronavirus pandemic is a driving force behind growing interest in national digital currencies. Governors of 26 central banks met in Russia to discuss the pandemic and its financial ramifications, according to a news release from the Bank of Russia on Friday. The “Central Bank Governors’ Club,” including institutions from the […]