News

Crypto and financial analysts across the globe marvelled at China’s progress in developing and testing its central bank digital currency, the Digital Currency Electronic Payment (DCEP), last week. This came after China distributed 50,000 red packets to citizens randomly picked via a lottery event held over a week ago, and winning participants were given a week to spend their red packets amounting to 200 RMB each at affiliated stores and merchants.

Important questions about CBDCs remain unanswered for the Kiwis' central bank.

The platform would aid central banks in Asia with developing a central bank digital currency.

Japanese messaging giant Line is developing a platform to aid Asian central banks in their pursuit of central bank digital currencies (CBDC).

Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.

Keynote speech by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the China Europe Finance Summit - A Hybrid Conference on Sino-European Capital Markets, virtual event, 20 October 2020.

The U.S. doesn't mind coming a bit late to the CBDC party, but is that the wrong approach?

Some winners purchased additional digital yuan during the pilot.

President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro.

Speech by Mr Denis Beau, First Deputy Governor of the Bank of France, at the Fintech R:evolution 2020, Paris, 15 October 2020.

The Bank of Canada is in search of an economist with expertise in digital currencies and financial technologies to help advance its CBDC drive.

Central bank digital currency interest continues gaining global traction.

The Reserve Bank of New Zealand—Te Pūtea Matua—is seeking to preserve the benefits of cash but is paying close attention to the future of money and CBDC development.

Jerome Powell, Chairman of the Board of Governors of the US Federal Reserve, participated in a virtual panel today hosted by the International Monetary Fund (IMF) on the topic of Central Bank Digital Currency (CBDCs). Powell said the Fed is committed to considering a CBDC

Central bank digital currencies (CBDCs) have been touted as the future of money, with central banks seriously considering the creation of a digital version of their respective country’s sovereign currency. Digital finance is a future reality which cannot be avoided, but some countries are further along the development journey than others are, while countries such as Australia have flat out denied the need for a digital AUD in the future.