The Governor of Taiwan central bank suggests no-interest CBDC design
Chin-long Yang, governor of the Central Bank of the Republic of China (Taiwan), reportedly suggested a no-interest design for the nation’s central bank digital currency, or CBDC pilot. Yang provided an explanation for the choice, stating that a CBDC that offers interest on digital asset deposits would probably take the place of fiat New Taiwan […]
ARK36 exec says CBDC may threaten stablecoins
According to an executive of ARK36, central bank digital currencies (CBDC) may not directly threaten cryptocurrencies like Bitcoin (BTC), but they cause dangers when it comes to stablecoins. A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a rival to a private or decentralized cryptocurrency, according to Mikkel Morch, executive director […]
IMF Proposes Eco-Friendly CBDCs And Mechanisms For Payment
The International Monetary Fund (IMF) urged central banks to include additional features in the CBDCs, such as compliance, greater resilience, and offline capabilities. An International Monetary Fund (IMF) study on energy consumption revealed the importance of crypto ecosystem design choices in creating an environmentally friendly mainstream payment system. The IMF examined the energy consumption of […]
Chile Defers CBDC Plans Till The End Of 2022 For More Analysis
Chile’s central bank has postponed the start of its digital peso rollout until the end of the year while it conducts more research to inform a new report. The Central Bank of Chile has postponed plans for a central bank digital currency (CBDC), stating that the issuance of a digital Chilean peso necessitates a more […]
Israel’s CBDC project receives positive support from public
The central bank of Israel is yet to make a final decision on the launch of the “digital shekel” the country’s CBDC project, however, the public response to the concept has been mostly positive. The Bank of Israel summarized the results of the public consultation on its central bank digital currency (CBDC) proposals on Monday, […]