A central bank discussion paper found that the majority of Canadians have little trouble accessing financial services, which gives them little reason to use a CBDC.
EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability
The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says.
Privacy should be considered in ‘potential retail CBDC’ — Treasury official
U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity.
Financial surveillance, privacy and CBDCs: Why are governments going cashless?
Attorney Marta Belcher joins The Agenda podcast to unpack financial surveillance’s vast infrastructure and warn of the potential ramifications of central bank digital currencies.
Australia marks first FX transaction using a CBDC as eAUD pilot continues
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.
Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
The IMF’s Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches
The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.
The world could be facing a dark future thanks to CBDCs
From forcing people to spend their money to making them save it, central banks around the world could soon use CBDCs to create a dystopian nightmare.
GOP Sen. Ted Cruz Proposes Ban on a CBDC
The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Governor Ron DeSantis.
Florida Governor Ron DeSantis Proposes Law to Ban CBDCs
The Biden Administration is currently studying the possibility of introducing a central bank digital currency.
United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden advisor
Daleep Singh argues that crowding out cryptocurrencies by establishing a CBDC in the United States would protect the country’s national interests.
China’s digital yuan gets smart contract functionality alongside new use cases
China’s central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments.
Tanzania ‘cautious’ on CBDC adoption after initial research
The Bank of Tanzania is waiting for the conclusion of its research into CBDCs before making a final decision on adoption.
Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report
The country’s central bank will begin studying two possible cross-border CBDC settlement models this quarter.
Former Chinese central banker says digital yuan ‘usage has been low’
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
China’s CBDC wallet resorts to ages-old tradition to boost adoption
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.
Bank of England opens applications for ‘proof of concept’ CBDC wallet
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.
Spain’s central bank to experiment with wholesale CBDCs
The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”
Russia’s Central Bank report examines crypto’s place in the financial system
Russia’s Central Bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system.
BIS marks CBDC pilot as ‘successful’ with $22M transacted
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.