News

Macro-prudential tools unlikely to be enough to offset risks from issuance of digital currencies

Bundesbank president talks of “historic opportunity” to improve payments and avoid risk

The Treasury Markets Summit 2024, hosted by HKMA and TMA, focused on offshore renminbi business, DeFi, Metaverse, and CBDCs.

To be widely adopted, CBDCs will need to combine best aspects of existing payment methods

Authors say rejecting digital cash would have adverse unintended consequences

BCB selects private companies to test implementation of “smart contract” for drex currency

Central bank says second phase will involve far greater numbers of people and firms than initial stage

Amendments to legislation affecting digital som are due to come into force in 2027

Birri Gubba dollar to be pegged to AUD and backed by assets including carbon credits

However, research finds no substantial change to transmission mechanism

Central bank to examine how digital tenge could be used to reduce corruption in public spending

Researchers argue digital retail public money is necessary to avoid fragmentation

The two Asian central banks set to carry out joint research and training

Move comes after central Asian banks and payments systems have cut ties to Mir

HKMA is the first non-European central bank to join the Eurosystem’s wholesale DLT settlement trials