On The Web

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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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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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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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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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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 […]