Safeguards for a future retail CBDC outlined by Thailand’s central bank
The Bank of Thailand has released the findings of a new study on how to handle the financial sector’s implications of issuing a retail central bank digital currency (CDBC). The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t […]
Samsung will help the Bank Of Korea in its CBDC Pilot
Samsung will aid the Bank of Korea in deploying its CBDC, the electronics giant hopes to test the functionality of its mobile phones with the CBDC pilot. The Bank of Korea’s central bank digital currency (CBDC) initiative, which is set to launch by the end of July 2021, is gathering traction. The effort will be […]
Bank of Jamaica mints the country’s first batch of digital currency
Central bank digital currency is gradually becoming a worldwide thing, Bank Of Jamaica is now the latest country to mint its first batch of central bank digital currency (CBDC). The Bank of Jamaica (BOJ) coined Jamaica’s first batch of central bank digital currency in a brief ceremony this morning (CBDC). During the CBDC pilot program, […]
Reserved Bank of India plans to launch CBDC model before 2022
The Reserve Bank of India is set to unveil its digital fiat (CBDC) model, the project is to be rolled to by the end of this year according to the bank’s deputy governor. Deputy Governor T. Rabi Sankar announced today that the Reserve Bank of India (RBI) is preparing to unveil its model for operations […]
‘CBDCs will not fix any existing problem’ – Chris Waller
Chris Waller, a member of the Federal Reserve System’s Board of Governors, appears to believe a central bank digital currency (CBDC) is not needed and will also not fix the existing problems. Today, Waller told Michael Strain of the American Enterprise Institute that he was “very suspicious” of a central bank digital currency that would […]