China’s central bank to expand deployment of e-CNY
Over 4,567,000 merchants across the country now accept the e-CNY as payment.
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US Treasury study finds CBDCs a plus for commercial bank stability
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study.
Bank of France Eyes 2023 for CBDC Launch
A viable prototype for a wholesale CBDC could be issued by France’s central bank by 2023. The technology will borrow major features from blockchains and DeFi protocols and will be...
French central bank head announces beginning of wholesale digital euro project phase 2
The French presidency of the European Union winds down with the completion of wCBDC experiments, design of proprietary blockchain and automated market maker platform.
Bank of Indonesia: Crypto Could Strengthen the Global Financial System but There’s a Catch
Doni Primanto Joewono – Governor of the Bank of Indonesia – argued that cryptocurrencies could provide financial inclusion and benefit the global monetary network. However, the sector will be much…
Report urges central banks to work together on digital currency interoperability
The Bank for International Settlements, the International Monetary Fund and the World Bank say CBDCs should be programmed in advance to avoid interoperability issues.
Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows
The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter…
Credit unions warn about the cost of developing a CBDC
A lobby group suggests supporting the credit union engagement instead, applicating consumer protection rights to digital assets holders.
Fed conference hears stablecoins may boost USD as global reserve currency
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system.
US and UK Set to Team Up Regulating Cryptocurrencies
Her Majesty’s Treasury hosted the regulatory pillar of the US-UK Financial Innovation Partnership with its counterpart, the US Treasury Department, on Jun 29th. Both parties acknowledged the importance of teaming…
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