Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says
Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack. Go to Source Powered by WPeMatico
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Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs
The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. Go to Source Powered by WPeMatico
Economy minister says Brazil will have its own CBDC
Paulo Guedes said that the Brazilian real will have a digital counterpart and also highlighted the autonomy of the Central Bank Go to Source Powered by WPeMatico
China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon. Go to Source Powered by WPeMatico
China’s digital yuan pilots have processed $300M so far, says PBoC head
China’s digital yuan pilot program is picking up speed. Go to Source Powered by WPeMatico
Reserve Bank of Australia forms partnerships to research CBDC
The project will “explore if there is a future role for a wholesale CBDC in the Australian payments system,” according to the RBA. Go to Source Powered by WPeMatico
Christine Lagarde invites public comments on eurozone CBDC
Former IMF Chief and President of the European Central Bank solicited input on possible CBDC Go to Source Powered by WPeMatico
New Huawei smartphone will feature a hardware wallet for digital yuan
The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. Go to Source Powered by WPeMatico
Will they or won’t they? Central banks eye each other’s digital currency moves
Canada’s central bank recognizes that CBDCs are a necessarily international issue. Go to Source Powered by WPeMatico
Digital yuan will combat US ‘dollarization’ says former PBoC governor
“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan. Go to Source Powered by WPeMatico