The BIS Innovation Hub (BISIH) submitted a report to the G20 Finance Ministers and Central Bank Governors on its key lessons of their 12 CBDC projects. In general, the CBDC projects explored feasibility, desirability, and viability. Overview over the BISIH CBDC...
The Bank for International Settlements (BIS) has recently released its annual survey on CBDC projects globally. Key findings: 1. Share of central banks working on CBDC rose to 93% 2. Work on retail CBDC is more advanced than on wholesale CBDC 3. 15 retail and 9...
On June 28, the European Commission published a regulatory proposal for the digital euro, a central bank digital currency (CBDC) for the Euro Area. In this proposal, the Commission suggested a way to design a digital euro and how to integrate it into EU laws. In this...
Important milestone around the digital euro! On Wednesday June 28, the European Commission published its perspective on the digital euro and suggested a concrete regulatory proposal. 10 Key Recommendation by the Commission (from the proposal): 1️⃣ The digital euro...
While much attention focuses on the retail central bank digital currency (CBDC) ruminations of China, Europe and the United States, smaller jurisdictions are leading the way. For example, Uruguay, the Bahamas, the Eastern Caribbean Central Bank, Nigeria and Jamaica...