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3,662 articles tracked

Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics

According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa.

Feb 11, 2022blockchainnewse-CNY
Big data in Asian central banks

This paper reviews the use of big data in Asian central banks, leveraging on a survey conducted among the members of the Irving Fisher Committee. The analysis reveals four main insights. First, Asian central banks define big data in a more encompassing way that includes unstructured non-traditional as well as structured data sets. Second, interest in big data appears higher in Asia, including at the senior policy level; the focus is in particular on projects developed to process natural language, conduct nowcasting/monitoring exercises, and develop applications to extract economy insights as well as suptech/regtech solutions. Third, Asian central banks report dealing with big data to support a wide range of tasks. Fourth, big data poses new challenges, with specific attention paid in the region to cyber security and data strategy. As a result, there is a growing need for international policy cooperation, especially among public authorities in Asia to facilitate the use of payments data and promote innovative technological solutions.

Feb 11, 2022bis
EU finance chief says digital euro bill coming in early 2023

The European Union’s finance chief announced that a bill introducing a digital euro will be hitting tables in the European parliament as early as 2023.

Feb 11, 2022cointelegraphDigital Euro
US Federal Reserve bank at the helm of CBDC research effort appoints new president

Susan M. Collins is set to become the first Black woman to head a Federal Reserve Bank.

Feb 10, 2022cointelegraphProject Hamilton
Central Bank of Kenya seeks public input on potential CBDC

“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions," the announcement reads.

Feb 10, 2022cointelegraphDigital Rupee
Ravi Menon: The future of money, finance and the internet

Speech by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Singapore FinTech Festival, 9 November 2021.

Feb 10, 2022bisProject Orchid
Burkhard Balz: Payment services at a crossroads

Speech by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the 6th Annual FinTech and Regulation Conference Afore Consulting, virtual, 8 February 2022.

Feb 10, 2022bisDigital Euro
Digital yuan transactions beat out Visa at Winter Olympics venue: Report

Many of the National Stadium retailers allowing purchases with China’s CBDC were outside the Olympics' quarantine bubble.

Feb 10, 2022cointelegraphe-CNY
Boston Fed-MIT team hails successful CBDC test

The project’s two open-source systems were able to process large transaction volumes

Feb 8, 2022centralbankingProject Hamilton
RBNZ launches CBDC pilot project

Governor says central bank must maintain legitimacy by “responding to the needs of the public”

Feb 8, 2022centralbanking
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7

Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes.

Feb 7, 2022cointelegraphe-CNY
U.S. Should Examine Chinese Digital Yuan Rollout during Winter Olympics: Senator Toomey

Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, urges the Treasury and State Departments closely examine Beijing’s CBDC rollout during the Olympic Games.

Feb 7, 2022blockchainnewse-CNY
US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

"Do not accept any digital yuan," said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China.

Feb 4, 2022cointelegraphProject Hamilton
Fed and MIT's CBDC research: Distributed ledger tech has ‘downsides’

The researchers published results from “Project Hamilton,” which was first announced in 2020 to explore the use of existing and new tech to build and test a hypothetical CBDC platform.

Feb 4, 2022cointelegraphProject Hamilton
Central Bank of Jordan reveals CBDC plans

The CBJ governor also predicted that cryptocurrency trading might eventually be permitted in Jordan once the appropriate legislation is in place.

Feb 1, 2022cointelegraph