Swiss National Bank and BIS complete digital currency proofs-of-concept
The Swiss National Bank and BIS don’t want to miss out on possible blockchain-powered benefits for the financial system. Go to Source Powered by WPeMatico
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Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. Go to Source Powered by WPeMatico
Canada could launch CBDC sooner than expected, central bank exec says
COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected. Go to Source Powered by WPeMatico
Russian central bank opposes ruble-pegged stablecoins
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Go to Source Powered by WPeMatico
European central bankers predict that the digital euro is at least five years away
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition. Go to Source Powered by WPeMatico
Law Decoded: Cents and stability, Nov. 20–27
Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week’s Law Decoded. Go to Source Powered by WPeMatico
Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’
Making digital cash work efficiently for public stimulus payments doesn’t require a detour through blockchain technology, in the view of U.S. progressives. Go to Source Powered by WPeMatico
A digital yen will make the crypto market ‘more lively,’ says Monex CEO
Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency. Go to Source Powered by WPeMatico
BIS report suggests ‘embedded‘ monitoring tool for stablecoins
After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies. Go to Source Powered by WPeMatico
Ripple seeks director to engage with central banks on digital currency
Ripple is looking to define its strategy regarding central bank digital currencies. Go to Source Powered by WPeMatico