Tagged: cbdcs

March 23, 2020 @ 3:15 pm By Omar Faridi  |  

Tao Zhang, deputy managing director at the International Monetary Fund (IMF), has argued that issuing central bank digital currencies (CBDCs) may lower costs and enhance the overall efficiency of the financial system. Zhang, whose comments came during a keynote presentation, held at the London School… Read More

March 19, 2020 @ 9:34 am By JD Alois  |  

Earlier this week Alexey Guznov, Director of the Legal Department of the Bank of Russia, was interviewed by Interfax on a diverse range of topics. The discussion also included the regulatory approach to digital assets and pending legislation. Currently, there is draft legislation in the… Read More

March 13, 2020 @ 8:03 am By Omar Faridi  |  

The Bank of England (BoE), the UK’s reserve bank, has released a discussion paper on virtual currencies. The BoE’s 57-page research document includes an illustrative model of central bank digital currencies, or CBDCs, which could be developed to store monetary value and settle payments by… Read More

March 2, 2020 @ 5:40 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) has released a 138-page report which examines the latest trends in payments and Fintech, including tokenized or digital securities, central bank digital currencies (CBDCs), international transactions, and peer-to-peer (P2P) platforms.   Hyun Song Shin, head of research at BIS noted… Read More

February 28, 2020 @ 12:17 pm By JD Alois  |  

Sir Jon Cunliffe, Deputy Governor Financial Stability of the Bank of England, delivered an interesting speech this week at the London School of Economics. In a presentation entitled, “It’s Time to Talk About Money” Cunliffe tackled the hot topics of “crypto assets,” stablecoins, and central… Read More

February 26, 2020 @ 7:22 am By Omar Faridi  |  

The Bank of Canada might not have any concrete plans for introducing a digital currency anytime soon, however, the nation’s reserve bank says it’s not completely ruling out the idea of issuing its own virtual currency. It might become necessary to issue a central bank… Read More

January 6, 2020 @ 2:25 pm By JD Alois  |  

CBDCs Could Disintermediate in a Structural Way the Banking System. The European Central Bank (ECB) has published a paper on Central Bank Digital Currencies (CBDCs).  CBDCs are the state form of stablecoins – cryptocurrency based off a single asset like the Dollar, Euro or Pound… Read More