European bankers on digital euro: ‘ECB has no interest in users’ personal data’
While anonymity still stands as the core issue of European CBDC, the inevitable competition with private banks also raises questions. Go to Source Powered by WPeMatico
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ECB considers digital euro access, distribution in third design progress report
The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures. Go to Source Powered by WPeMatico
China to expand CBDC use case for Belt and Road Initiative
China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC. Go to Source Powered by WPeMatico
Chinese city public servants to receive digital RMB salaries from May
Civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment. Go to Source Powered by WPeMatico
Russia to Work With Digital Currencies of Other Nations
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of … Read more
Foreign trade and pensions: What’s next for Russia’s CBDC project?
The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024. Go to Source Powered by WPeMatico
European Parliament report recommends researching, but not launching, digital euro
A European economist has found that a digital euro would be a problem without a solution; just wait and see, he suggested. Go to Source Powered by WPeMatico
Belarus to decide on issuing CBDC by year’s end: National bank chair
Chairman of the Belarusian national bank Pavel Kallaur said a decision on a CBDC would be made “at the level of head of state” after consultations. Go to Source Powered by WPeMatico
BIS, Bank of England concludes blockchain int’l settlements pilot
The insights of Project Meridian would be used by the Bank of England in its Real-Time Gross Settlement (RTGS) system. Go to Source Powered by WPeMatico
US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’
Federal Reserve Board governor Michelle Bowman discussed a potential U.S. CBDC in a speech at Georgetown University. Go to Source Powered by WPeMatico