CBDCs
Korean central bank governor urges CBDC development to compete with stablecoins
Chang-yong Rhee warned of stablecoins undermining central banks and advocated for CBDCs to preserve monetary control.
Assad Jafri 3 min read
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Republic of Palau reports high satisfaction in Ripple-based CBDC pilot
Despite minor hiccups, initial research shows promise for the island nation's Ripple-powered CBDC program.
CBDCs
UK Treasury fears retail digital pound would cause bank run due to easy access
Committee worried ability to quickly switch large bank deposits into digital pounds during market turmoil would be bad for banks.
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Swiss banks issue first digital bonds using real CHF wholesale wCBDC on regulated DLT platform
Switzerland's SDX and SNB collaborate to deliver first successful CHF digital bond transactions with wCBDC.
CBDCs
UK lawmakers wary of launching retail CBDC due to privacy, financial stability concerns
Lawmakers urged the Bank of England and H.M. Treasury to thoroughly consider data privacy and financial stability issues before implementing a CBDC.
Crypto
MAS Director mislabels Bitcoin a ‘private cryptocurrency’ stating it has ‘failed the test of money’
Ravi Menon categorizes Bitcoin as a 'private cryptocurrency,' though it operates on a transparent, public blockchain, stirring debate on digital asset classifications.
CBDCs
Standard Chartered to offer support for China’s digital yuan
Based in the UK, Standard Chartered describes itself as an international bank that has been rooted in the Chinese market for over a century.
CBDCs
South Korean central bank to launch CBDC pilot in 2024
Participants in the pilot program will be able to purchase goods using CBDC deposit tokens issued by commercial banks.
CBDCs
Singapore’s MAS reveals plan to issue ‘live’ CBDC for wholesale settlement
Singapore wants to ensure a safe and innovative use of digital money within its jurisdiction.
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IMF managing director says CBDCs can replace cash, but urges public and private sector cooperation
Contributor
Opinion
Why Bitcoin holds the upper hand against CBDCs
CBDCs
German parliamentarian dismisses CBDCs in favor of Bitcoin as global digital money debate rages on
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