On The Web

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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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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

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 […]

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Systems

The Fed wants no part of a national cryptocurrency

January 2 2019

• in
• Central bank digital currencies (CBDC)

“In February, Aleksander Berentsen and Fabian Schar, researchers at the St. Louis Fed, wrote that a central bank “could easily” create its own crypto. “However, the key characteristics of cryptocurrencies are a red flag for central banks,” they warned.”

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Providers

Central Banks See ‘No Value’ in Issuing Digital Currency: BIS Chief

March 25 2019

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

“The general manager of the Bank for International Settlements (BIS) has again warned that caution is needed when considering central bank digital currencies. In a speech at the Central Bank of Ireland on Friday, Agustin Carstens said that central banks today “are not seeing the value” of venturing into the unknown when it comes to […]

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Systems

Swiss Startup to Produce ‘Banknotes’ for Marshall Islands’ Official Cryptocurrency

January 29 2019

• in
• Central bank digital currencies (CBDC)

“Switzerland-based crypto hardware wallet maker Tangem says it has been selected by the Republic of the Marshall Islands to produce the “physical blockchain notes” for the nation’s planned national digital currency. Tangem announced the news Monday, saying the blockchain notes will be used to store the republic’s Sovereign (SOV) digital currency, which is being launched as an alternative […]

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Systems

Bundesbank Sees Dangers in Digital Central Bank Money

May 30 2019

• in
• Central bank digital currencies (CBDC)

“Central banks must exercise caution in introducing digital currencies that could potentially destabilize the financial system during times of crisis, Bundesbank President Jens Weidmann said on Wednesday. Central banks around the globe are examining the benefits of digital money, spearheaded by the Swedish Riksbank with its e-krona pilot scheme, a potential response to the rapid […]

On The Wires

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Systems

Wipro, R3 Build Blockchain-Based Solution Prototype to Power Digital Currency in Thailand

May 8 2019

• in
• Central bank digital currencies (CBDC)

“Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that the company, in partnership with R3, the enterprise blockchain software firm, has developed a blockchain-based solution prototype to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand […]