News

BoE deputy governor Jon Cunliffe compared a potential digital pound with Apple’s iPhone app store as it could “open a new frontier for people to improve payments.”

Keynote speech by Cecilia Skingsley, Head of the BIS Innovation Hub, at the Bank of England's Annual Research Conference, 27–28 February 2023.

United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency.

On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities.

The IMF mission spent three months studying conditions in the country, which is preparing to produce a feasibility report.

Programmable money on shared ledger would preserve two-tiered structure

CBDCs could revolutionize the financial system by increasing efficiency, transparency and financial inclusion while reducing the use of cash.

Representative Tom Emmer presented the "CBDC Anti-Surveillance State Act" to encourage financial privacy and CBDC transparency.

Speech by Mr Agustín Carstens, General Manager of the BIS, Singapore, 22 February 2023.

If passed, the legislation could prohibit the Fed from issuing a digital dollar “directly to anyone,” as well as bar the bank from implementing monetary policy based on a CBDC.

Speaking in Singapore, Agustín Carstens described a ledger that would accommodate a variety of public and private projects in discrete but connectable parts.

After multiple attempts to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology.

One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.

Central bank exploring cross-border functionality to evade sanctions

Within 24 hours of the job posting, 45 applicants have shown interest in joining the federal government to build an in-house CBDC.