Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both. Go to Source Powered by WPeMatico
Central Bank
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Five Russian banks express interest in piloting digital ruble
The first pilots of Russia’s digital currency are expected to launch in H1 2021. Go to Source Powered by WPeMatico
The Bahamas central bank wants to make its digital ‘Sand Dollar’ global
The Bahamas’ digital currency is currently used domestically. Go to Source Powered by WPeMatico
Starbucks and McDonald’s reportedly not testing China’s digital yuan
Starbucks and McDonald’s are reportedly not part of the 3,000 merchants piloting China’s CBDC. Go to Source Powered by WPeMatico
Unqualified investors can buy up to $8K of crypto, says Bank of Russia
Russia’s central bank wants to limit the amount of cryptos and digital rights acquired by non-professional investors. Go to Source Powered by WPeMatico
Reserve Bank of Australia still researching the CBDC it says it doesn’t need
The Reserve Bank of Australia is continuing to explore how to design and operate a CBDC. Go to Source Powered by WPeMatico
Bank of Russia issues consultation paper on digital ruble
Russia’s central bank says that the digital ruble can be an “additional form of money alongside cash and non-cash.” Go to Source Powered by WPeMatico
European Central Bank seeks public input on digital euro
A digital euro would not replace cash, but complement it, says the European Central Bank. Go to Source Powered by WPeMatico
Japan must amend central bank laws to issue digital yen, says official
Japan is getting more serious about the digital yen. Go to Source Powered by WPeMatico
U.S. Vs. China: who will win the digital currency war?
The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB. Go to Source Powered by WPeMatico