Philippines’ central bank isn’t ready to pull the trigger on a CBDC
The central bank wants to learn from private-sector digital currencies — but still believes they are inferior to central bank money. Go to Source Powered by WPeMatico
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CBDC as a store of value threatens financial system, says German official
The German central bank is considering alternatives to CBDC as a digital payment solutions Go to Source Powered by WPeMatico
BlockShow returns as partner to Singapore central bank’s fintech event
BlockShow has partnered with the Monetary Authority of Singapore to curate blockchain discussions for its five-day fintech conference. Go to Source Powered by WPeMatico
Brazil is prepping an IPO for its state-run digital bank
Brazilian Minister defends IPO of federal digital bank created to aid population during pandemic Go to Source Powered by WPeMatico
New Zealand has no imminent plans to issue CBDC, says central bank exec
Important questions about CBDCs remain unanswered for the Kiwi’s central bank. Go to Source Powered by WPeMatico
Japanese messaging giant LINE developing CBDC platform
The platform would aid central banks in Asia with developing a central bank digital currency. Go to Source Powered by WPeMatico
Better to get it right than to be first with CBDC, says US Fed chair
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued. Go to Source Powered by WPeMatico
95% of winners in China’s CBDC lottery spent digital yuan prizes
Some winners purchased additional digital yuan during the pilot. Go to Source Powered by WPeMatico
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
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