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” BoJ official says digital yen won’t be used to achieve negative interest rate “ The Bank of Japan (BoJ) has said that its Central Bank Digital Currency (CBDC), the digital yen, will not be used to help attain negative interest rates. The BoJ’s Executive Director, Shinichi Uchida made the announcement in his most recent…
” BIS releases study of CBDCs and their role in financial inclusion of the unbanked “ The Bank for International Settlements, or BIS, released a paper Tuesday on central bank digital currencies, or CBDCs, and how they can be used to meet policy goals for financial inclusion. The paper drew on interviews conducted in the…
” Brazilian central bank president confirms CBDC pilot will launch in 2022 “ The president of the Central Bank of Brazil confirmed that the country’s sovereign digital currency pilot will go live this year, Cointelegraph Brazil reported. The confirmation about the digital currency came during an event on Monday, where Roberto Campos Neto, the president…
” ECB executive board member talks about current state of digital euro CBDC research “ European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance….
” South Africa finishes technical PoC for wholesale CBDC settlement system “ South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project. The project, titled Project Khokha 2 (PK2), is the second phase of SARB’s Project…
” Sweden’s central bank completes second phase of e-krona testing “ The Swedish central bank’s digital currency project, a proposed CBDC, known as the e-krona has successfully finished its second phase of trials. According to Riksbank, the nation’s central bank, the asset is now technically ready to be integrated into banking networks and facilitate transactions. …
” More than three-quarters of central banks considering a CBDC: research “ More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC. The second annual Global CBDC Index report released on Monday, April 4, measures a…
” Law Decoded: ‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4 “ The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was…
” Bank of Japan official calls for G7 nations to adopt common crypto regulations “ A senior official from the Bank of Japan (BOJ) has warned G7 nations that a common framework for regulating digital currencies needs to be put in place as quickly as possible. G7 refers to the Group of Seven, an inter-governmental…
” ‘Nothing is growing as fast as cryptocurrency’: Kyrgyz MP wants national crypto “ Kyrgyz member of parliament (MP) Karim Khanjeza called for the legalization of cryptocurrency in the country during a parliamentary committee meeting on law and order and combating corruption. During his speech, MP Khanjeza advocated for developing a legal framework for the…