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CBDC
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
The G7 committee recently met in Niigata, Japan to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets.In a communique…
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
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ECB Explores DLT Settlement for Wholesale Financial Markets
The announcement reflects mounting interest in the technology from traditional financial markets, including for post-trade infrastructure that finalizes deals struck in trading venues. Euroclear, a Brussels-based firm that specializes in…
The U.S. Should Lead the Digital Future of Money
As I say in my recent book, “CryptoDad – the Fight for the Future of Money,” money is too important to be left to central bankers. And, by that I mean no disrespect. It is just that money is as much a social construct, as it is a…
Lawmakers Could Still Nix Digital Euro, ECB’s Panetta Says
“We want to be sure that in any situation, in any circumstance, we will have a framework that would allow all European citizens to pay everywhere in a safe and efficient manner at cheap costs,” Panetta told the committee. He cited ECB…
The Reserve Bank of Zimbabwe to Introduce Gold Backed Digital Currency: The Sunday Mail
The tokens will be a form of electronic money backed by the country's gold reserves, which will be held by the central bank. RBZ wants people holding Zim dollars to be able to exchange their money for the gold-backed token to help them…
EU’s CBDC Plans Meet Skepticism at European Parliament
“There's one central question which hasn't yet been credibly answered, which is what is the added value …. What can I do with a digital euro that I can't do with current payment options?” asked Markus Ferber, economic spokesperson for…
Central Banks Successfully Test DLT in Linking Financial Settlement Systems
The project used DLT to link the central bank’s RTGS system "with other financial market infrastructures and ledgers automatically orchestrating the exchange in ownership of funds and assets in a resilient and secure way," according to a…
Israel’s Central Bank Outlines Scenarios for Issuing a Digital Shekel
Scenarios that could influence a decision to issue a digital shekel include a decision by the U.S. or the European Union to issue CBDCs. A decline in cash usage, significant use of stablecoins, competition in the domestic payment system,…
Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source
On a permissionless chain, while the authorities could require banks to freeze accounts, if the person in question withdraws assets to a self-custody wallet, the authorities cannot seize the assets. On a permissioned chain, the…
