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The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?

Keynote speech by Mr Boris Vujčić, Governor of the Croatian National Bank, at the FBF Executive Seminar "European finance in 2020s: new risks in a volatile world", organised by the Florence School of Banking and Finance - The European University Institute, Florence, 29 June 2023.

The legislation will now move to the upper chamber of the Russian Federal Assembly and, if passed, to the president’s desk.

The bank plans to enable users to make phone payments by integrating its digital yuan app with specialized “super SIM cards” with near-field communication capabilities.

China may have banned the use of cryptocurrencies, but stablecoins might have a role to play in the proliferation of its national currency.

Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks.

Speech by Mr Andrew Bailey, Governor of the Bank of England, at the Financial and Professional Services Dinner, London, 10 July 2023.

Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil’s pilot CBDC has found code that would allow accounts to be frozen or drained at will.

G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.

Wholesale CBDC project tested 24/7 payment and settlement

93% of central banks are already conducting research on central bank digital currencies.

A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.

Over 90% of central banks now working on a CBDC project, survey finds