News

Another tentative deadline for the Finance Ministry and central bank to reach a compromise passes as an expected bill does not arrive.

“A U.S. CBDC may be one potential way to ensure that people around the world who use the dollar can continue to rely on the strength and safety of U.S. currency to transact and conduct business in the digital financial system,” said Lael Brainard.

Both President Barack Obama and the previous administration issued executive orders related to digital assets.

Foreign users are using hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets.

The Bank of Russia (BoR) has announced the commencement of its Digital Ruble trials, making the most ambitious push for a functional CBDC in the country.

The Bank of Russia reports on the first digital ruble tests as planned but continues to fight against Bitcoin adoption.

While the central bank announced its intention to launch a CBDC, exact details are still scarce.

The country's finance minister admitted to not having enough information to make a fateful call.

Blockchain-based architecture was deemed “not a good match” as researchers weighed several technological designs.

As a change of tune about crypto assets, the Central Bank of Kenya (CBK), Kenya’s apex bank, seeks to know the public's view about the potential introduction of CBDC.

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.

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.

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.

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

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