CBDC

131 articles tagged with this keyword

/payments

Bank of England says digital pound "more likely than not"

Bank of England deputy governor Jon Cunlifffe has told a committee of MPs that a digital pound has a better than 50/50 chance of coming to fruition.

/crypto

CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?

Ahead of NextGen Nordics, which will return to Stockholm on 25 April 2023, Finextra will be publishing a series of ‘sneak peeks’, covering the topics and interviewing the panellists speaking at the event.

/crypto

BIS chief floats unified programmable ledger to turbocharge payments innovation

A unified programmable ledger could unleash an explosion of innovation in payments and money comparable to the arrival of the smartphone, according to Bank for International Settlements general manager Agustín Carstens.

/payments

Bank of Japan kicks off CBDC pilot

Following a two-year investigation phase, the Bank of Japan is kicking off pilot trials of a digital yen.

/payments

NextGen Nordics 2023: Back and better than ever

Finextra will be back in Stockholm to bring the new world of Nordic banking to life for the NextGen Nordics 2023 conference on the 25th of April.

/inclusion

India's biggest retailer trials digital rupee

India's CBDC plans have taken a step forward with news that the country's largest retailer, Reliance Retail, has agreed to start accepting digital rupee payments.

/payments

Universal Digital Payments Network launched at Davos

A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies.

/crypto

China’s e-CNY app launches offline payments

China’s digital yuan app has released a function which allows payments to be made from mobile phones while offline and without any battery left on the device.

/crypto

Boston Fed and MIT shutter CBDC ‘Project Hamilton’

The Federal Reserve Bank of Boston has released a statement announcing that research into the technical feasibility of a potential digital dollar has concluded.

/crypto

Banque de France, HSBC, IBM test interoperability of wholesale CBDC

Following experiments demonstrating that DLT can be used with existing networks to complete CBDC financial transactions in real-time, Banque de France, HSBC and IBM have published a paper exploring their key findings.

/regulation

Edinburgh Reforms: UK government announces widespread transformation for financial sector

The Chancellor of Exchequer Jeremy Hunt has announced The Edinburgh Reforms, a set of developments to catalyse competition and growth in the UK FS sector, that includes moves on a CBDC and the move to Net Zero.

/inclusion

Nigeria limits ATM withdrawals to boost digital payments

The Central Bank of Nigeria has capped daily ATM withdrawals at $45 in order to encourage electronic payments, including the eNaira digital currency.

/wholesale

France and Luxembourg complete CBDC experiment

The central banks of France and Luxembourg have used an experimental CBDC to settle a EUR100 million digital native bond.

/payments

NextGen Nordics 2023 agenda announced

NextGen Nordics will return on 25th April 2023 to Stockholm, Sweden and the timing of this event could not be better placed.

/markets

Quant and UST join forces to push tokenisation

Blockchain outfit Quant is teaming up with UST to push the adoption of institutional digital assets by offering technical integration and tokenisation services to central and commercial banks and capital markets participants.

/crypto

FTX implosion shows need for crypto regulation - BofE's Cunliffe

The collapse of FTX, and the fact that its failures were more organisational than technological, highlights the importance of properly regulating the crypto sector, says Bank of England deputy governor Jon Cunliffe.

/security

BIS Innovation Hub launches new prototype CBDC

Tourbillon is a new project which aims to explore how to improve cyber resiliency, scalability, and privacy as a prototype CBDC. The project has been launched by BIS Innovation Hub’s Swiss Centre.

/payments

New York Fed and MAS test wCBDC for cross border payments

The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.

/payments

New York Fed tests wholesale CBDC for cross-border payments

The Federal Reserve Bank of New York has developed a wholesale CBDC prototype for an experiment on cross-border digital currency transactions supported by blockchain technology.

/crypto

Singapore Fintech Festival 2022: MAS MD Menon equates fintech transformation to Wu Xing

Day two of Singapore Fintech Festival kicked off with Ravi Menon, managing director of the Monetary Authority of Singapore on the global plenary stage highlighting that innovation and digitalisation of financial services has marched on, gathered pace, and has become more pervasive.