central bank digital currency

BitMEX Report: Issuance of CBDCs may lead to inflation

BitMEX Report: Issuance of CBDCs May Lead to Inflation

A March 18th post by BitMEX Research discusses the two approaches governments can take with regards to the issuance of a Central Bank Digital Currency (CBDC) and the ramifications for the economy. Money Supply In the modern economy, the money supply is largely determined by the banks’ ability and/or willingness to make loans. From a […]

Sweden's central bank digital currencies

Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March 6, the Riksbank noted that in order for the hub to be located in Sweden, the bank […]

Bank of England

Bank of England Releases Discussion Paper on CBDCs

The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, digital currency could use the latest FinTech and make transactions easier and faster for […]

BOE official says central banks may lose payments race to tech companies

BOE Official: Central Banks May Lose Payments Race to Tech Companies

Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to Feb 22 article published by The Telegraph. She urged other central banks to consider developing central bank cryptocurrencies in response to recent moves from private companies’ in the digital payments sector. John stated that it’s “really important” to […]

Japan's research on central bank digital currency advances

Japan the Next Country to Mint a Central Bank Digital Currency

With finance ministers and central bank governors have recently discussed cryptocurrency regulations at the G-20 summit, Japan is taking notice at home. Leaders at the Bank of Japan (BOJ), Ministry of Finance (MOF), and financial Services Agency (FSA) have held a number of meetings to determine whether the country should become next in line to […]

South Korea's central bank exploring blockchain technology

Report: Bank of Korea Seeks to Deploy Blockchain in Bond Market

Global central banks are increasingly looking at blockchain technology as a tool to make interbanking processes more efficient and transparent. Following the World Bank’s exemplary experience of blockchain bond transactions, South Korea’s central bank is working on its own blockchain-based bonds. The report comes first in the press on Feb 18. Bank of Korea started […]

central bank of bahama to roll out its digital dollar in h2 2020

Bahama Digital Dollar to Roll Out Across All Islands in H2 2020

While major industry actors argue that central bank digital currencies are years or decades ahead, the Bahama plan to adopt a CBDC no later than 2020. John Rolle, the governor of the Central Bank of the Bahamas (CBOB), confirms that the Bahamian digital dollar initiative will be introduced across all islands in the second half […]

japanese official calls for urgent development of digital yen

Japanese Official Calls for Urgent Development of Digital Yen

Another Japanese lawmaker has publicly called for the swift development of the digital yen. The head of the banking and finance systems research commission at Japan’s Liberal Democratic Party, Kozo Yamamoto, said that the country should create a digital yen in two-to-three years. As per the report by Reuters, Yamamoto said Japan should plan for […]

NBC to issue central bank digital currency

National Bank of Cambodia to Issue Digital Currency This Fiscal Quarter

The National Bank of Cambodia is readying a Central Bank Digital Currency (CBDC) to launch at some point during the current fiscal quarter. The new digital currency is called Bakong. It’s effectively a CBDC that was earlier launched on a trial basis throughout Cambodia in July 2019. The director-general of the National Bank of Cambodia, […]

Japan's national cryptocurrency

Japan Plans to Release Its Own National Cryptocurrency

Japan plans to release its own cryptocurrency following the announcement of China’s launch of the digital Yuan. China started planning its digital Yuan project known as DCEP after Facebook announces its intentions to release Libra. At the moment, China is close to releasing the digital version of its national currency Yuan and Japan is following […]