Tag "central bank digital currency (CBDC)"
CFA Institute: Finance Professionals Show Divide on Central Bank Digital Money
Globally, finance professionals have limited understanding of central bank digital currencies (CBDCs) and are showing division on whether central banks should launch such instruments, a new study conducted by industry association CFA Institute revealed. The survey, which polled more than
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Offline Payments Using CBDCs Promise Many Benefits But Design Should Be Considered Thoroughly
The ability to make offline payments with central bank digital currencies (CBDCs) has attracted increased interest among central banks for their potential to support public policy objectives including financial inclusion, universal access, payment system resilience and privacy. A survey conducted
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Swiss Bankers Association Makes Case for Digital Swiss Franc
In Switzerland, the introduction of a digital Swiss franc could further boost the local digital asset industry, foster innovation in the domestic market and support the Swiss franc as a means of payment, the Swiss Bankers Association (SBA), the country’s
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Taking Stock of CBDCs and the Cross-Border Payments Landscape in Europe
Recent technological innovations and increasing demand for convenience and security have expedited the shift to digital systems, including financial systems. This has become the catalyst for people and businesses to find new ways of interacting and conducting transactions digitally. As
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France, Luxembourg and EIB Conduct Joint Wholesale CBDC Experiment
The Banque de France, Banque centrale du Luxembourg and European Investment Bank (EIB) successfully conducted a wholesale central bank digital currency (CBDC) experiment. The experiment, known as the Venus initiative, involved a 100 million euro digital native bond issuance by
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BIS To Develop Scalable, Resilient and Privacy-Focused Prototype CBDC
The BIS Innovation Hub’s Swiss Centre has launched Tourbillon, a new project that explores improving cyber resiliency, scalability and privacy in a prototype central bank digital currency (CBDC). Central banks have identified cyber resiliency, scalability and privacy as core features
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Central Bank Digital Currencies Introduce New Cybersecurity Challenges, Privacy Issues
Interest in central bank digital currencies (CBDCs) has grown over the past few years in response to changes in payments and technology, as well as the disruption caused by COVID-19. A 2021 survey conducted by the Bank for International Settlements
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SWIFT and Capgemini Successfully Interlink CBDCs for Cross-Border Payments
SWIFT and Capgemini have achieved CBDC-to-CBDC transactions between different distributed ledger technology networks based on Quorum and Corda technologies, as well as fiat-to-CBDC flows between these networks and a real-time gross settlement system. The experiment showed that the blockchain networks
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ECB Selects 5 Companies to Jointly Develop Prototype Digital Euro User Interfaces
The European Central Bank (ECB) will collaborate with five companies to develop potential user interfaces for the digital euro to test how well the technology behind a digital euro integrates with prototypes developed by companies. Simulated transactions will be initiated
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US Federal Reserve Releases Discussion Paper on Central Bank Digital Currency
Recent technological advances including blockchain, cloud computing and artificial intelligence (AI) have ushered a wave of new private-sector financial products and services, paving the way for rapid developments in money. While dozens of countries are already in the development and
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