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Central-bank digital currencies are talked about more than coming to fruition
1 year, 5 months ago

Central-bank digital currencies are talked about more than coming to fruition

Live Mint  

In 1992 the Bank of Finland, the country’s central bank, launched a curious card called Avant. The money stored on an Avant card was backed by the Bank of Finland rather than a commercial bank, which made it, the bank claims, the world’s first central-bank digital currency. Declining cash usage, the rise of cryptocurrencies and Facebook’s possible launch of a …

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e-HKD: Hong Kong To Start Testing CBDC In The Coming Months
2 years, 3 months ago

e-HKD: Hong Kong To Start Testing CBDC In The Coming Months

ABP News  

Central Bank Digital Currency, or CBDC, is becoming a keen topic of interest among governments and central banks across the globe. To jump on to the digital coin bandwagon, the Hong Kong Monetary Authority announced in June its intention to introduce its own CBDC, which will be called e-HKD. Hong Kong’s CBDC test will be supported by the building of …

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Discussions on with RBI over digital currency, says Finance Minister Sitharaman
2 years, 10 months ago

Discussions on with RBI over digital currency, says Finance Minister Sitharaman

India TV News  

Highlights FM said discussions with regard to central bank-backed digital currency have been going on with RBI. Finance Minister Nirmala Sitharaman on Monday said discussions with regard to central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations. Sitharaman in her Budget speech on February 1 had announced that …

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EXPLAINED: How RBI's Digital Currency Matters, And Why It Won't Be Like Bitcoin
3 years, 3 months ago

EXPLAINED: How RBI's Digital Currency Matters, And Why It Won't Be Like Bitcoin

News 18  

Come December and the Reserve Bank of India could be rolling out a pilot for India’s very own digital currency, an innovation that is tipped to change how currency is held and used in the time to come. Known as central bank digital currencies, these will, in fact, be much like the current system, although the underlying structure, founded on …

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Opinion: Central bank digital currencies are coming. The US must be prepared
3 years, 4 months ago

Opinion: Central bank digital currencies are coming. The US must be prepared

CNN  

Editor’s Note: Emily Parker is managing director at CoinDesk and a former policy advisor at the US State Department and writer/editor at The Wall Street Journal. Meanwhile, the rise of another type of digital currency has gotten far less attention: central bank digital currencies. According to the think tank Atlantic Council, 81 countries, which account for over 90% of the …

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