Digital Yuan ready for use as of 2022
The People’s Bank of China (PBoC), the Chinese central bank, plans to use their digital yuan during the 2022 Winter Olympics in Beijing. It could be the first test for…
Federal Reserve Considers Central Bank Digital Currency (CBDC)
The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries,…
JPMorgan and DBS digitize Payments using Blockchain Technology
The US investment bank JPMorgan, Singapore’s largest bank (DBS) and the state-owned investment firm Temasek have jointly launched a new blockchain company focused on global payments and cross-border transactions between…
Project Helvetia: CBDCs in Switzerland?
Project Helvetia, an experiment between the Bank for International Settlements (BIS), the Swiss National Bank (SNB) and the financial market infrastructure operator SIX, plans to integrate tokenized assets into existing…
Will Australia soon introduce its own digital currency?
More and more central banks are dealing with digital central bank currencies (CBDC) and the digitization of fiat currencies. The Central Bank of Australia (RBA) is also addressing this issue and is investigating the implications and effects of a CBDC.
The unstoppable march of digital central bank currencies (CBDCs)
An increasing number of central banks around the world are analyzing, testing and developing CBDCs as prototypes. These initiatives are strongly supported by the Bank for International Settlements (BIS). Over…
Money, Money, Money
An insatiable thirst for dollars, the race for the status of the global reserve currency and interest rates on the block chain. Many changes are underway in the structure of…
Italian banking association wants to push the digital euro
The Italian Banking Association (ABI), which has more than 700 banking institutions as members, wants to further promote the introduction of a digital currency in the form of a Euro…
FED document discusses risks for commercial banks through CBDC’s
In a 32-page document entitled "Central Bank Digital Currency", the Federal Reserve Bank of Philadelphia examined the future of the monetary system in connection with digital central bank currencies (CBDCs).…
Dutch central bank wants to take a leading role in European CBDC development
Digital currencies issued by central banks will be a hot topic in 2020. Meanwhile, many central banks have already discussed the advantages and disadvantages of CBDC's, and some nations are…