On The Web

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Global

Norway Wants To Get Its Own Cryptocurrency

June 15 2018

• in
• Central bank digital currencies (CBDC)
• Cryptocurrencies
• Norway

“Norway has often been regarded as an economic success story and is revered globally as a country with optimal policies and modern technologies. Norway’s approach with cryptocurrencies seems to differ from many other countries as well. Instead of setting blockchain technology aside as a scam, the country is going to embrace these new possibilities. Norges […]

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Providers

Central Banks Should Consider Offering Accounts To Everyone

June 12 2018

• in
• Central bank digital currencies (CBDC)
• Central Banks

“Some central banks are considering whether and how to expand the use of their own digital money. Sweden’s Riksbank, for example, is exploring ways to create a widely used e-krona. In June Swiss voters will participate in a referendum on a radical monetary reform, one effect of which would be to give individuals access to […]

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Domains

Thai CB To Issue Digital Currency For Interbank Settlement: Sarb Reports Back On Project Khokha

June 11 2018

• in
• Bank Clearing & Settlement
• Blockchain
• Central bank digital currencies (CBDC)

“The issue of a a limited central bank digital instrument that serves as a settlement asset for payment and settlement activity is generally viewed as a promising application for the introduction of blockchain technology in the wholesale markets. The Thai Central bank’s efforts are part of a wider programme of private and public sector applications […]

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Systems

Europe’s Central Bank Touts Crypto As Underbanked Aid

March 14 2018

• in
• Central bank digital currencies (CBDC)

“In an opinion piece on Tuesday titled “Bitcoin is not the answer to a cashless society,” ECB executive board member Benoit Coeure and Bank of International Settlements Markets Committee chair Jacqueline Loh write that, while digital money may be the way of the future, existing public cryptocurrencies like bitcoin are not that future. Rather, the […]

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People

A Dollar by Any Other Name: Thoughts on Digital Fiat Currency

July 30 2018

• in
• Carol Coye Benson
• Central bank digital currencies (CBDC)

What are central banks – and governments – going to do about cryptocurrencies?  I was in New York last week to better understand what central bankers are thinking about   – and doing – with respect to “Digital Fiat Currency”.   The workshop was part of an ITU Focus Group Program on “Standardizing Digital Fiat Currency and its Applications”.  Central […]

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Global

Bank of Canada studying issues around a central bank digital currency

October 2 2018

• in
• Canada
• Central bank digital currencies (CBDC)

“The Bank of Canada is looking at the key questions around the design of a digital currency and the issues surrounding such an idea, a senior Bank of Canada official said Monday. However, deputy governor Timothy Lane told a University of Calgary audience that unless the risks associated with a central bank digital currency can be […]

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Systems

Winds of Change: The Case for New Digital Currency

November 14 2018

• in
• Central bank digital currencies (CBDC)

“What role will remain for cash in this digital world? Already signs in store windows read “cash not accepted.” Not just in Scandinavia, the poster child of a cashless world. In various other countries too, demand for cash is decreasing—as shown in recent IMF work. And in ten, twenty, thirty years, who will still be […]

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Systems

Sweden’s central bank prepares to launch digital currency e-Krona

October 29 2018

• in
• Central bank digital currencies (CBDC)

“The Riksbank started an e-Krona project in the spring of 2017 to examine the scope for the creation of a central bank digital currency (CBDC), With cash usage on the decline in Sweden, the central bank says an electronic currency could ensure that the general public will still have access to a state-guaranteed means of payment.”

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Systems

Federal Reserve VP Describes The Limits Of Cryptocurrency Partnerships

October 2 2018

• in
• Central bank digital currencies (CBDC)

“In spite of Cunha’s cautious take on how third-party cryptocurrency companies might directly partner with central banks, he also listed multiple central bank efforts, including work being done in Sweden, as examples of what he believes could someday result in a state-controlled fiat currency issued on a blockchain.”

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Systems

Digital Fiat Currency Is Going Main Stream

November 29 2018

• in
• Central bank digital currencies (CBDC)

“In Hangzhou, the New Digital Economy capital of China, I attended the Asia Pacific Fintech Round Table at the Inauguration of the International Business School of Zhejiang University and Cambridge University, where I met the Former Prime Minister of South Korea, Prof Han Seung-soo.　He has invited me to present at the International Finance Forum annual […]