Tag Archives: CBDC

Die australische Zentralbank entscheidet sich für Ethereum als die Grundlage für die australische Bank Digital Currency. Hierfür arbeitet sie mit der Ethereum-Entwicklungsfirma ConsenSys zusammen. Erste Experimente könnten bereits in den nächsten Monaten durchgeführt werden. Zusammenrarbeit mit ConsenSys Die australische Zentralbank und ConsenSys kooperieren künftig, um eine digitale Währung auf die...

The Reserve Bank of Australia has partnered with two major local banks and ConsenSys to explore the potential use of Ethereum-based wholesale central bank digital currency. The announcement from Australia’s central bank named the other partners – Commonwealth Bank, National Australia Bank, and the financial services company Perpetual.  The research group will develop a “proof-of-concept (POC) for the issuance of a tokenized form of CBDC that can be used by wholesale market...

More than a week ago, Japan’s central bank announced that it would begin testing its digital currency next year. This is coming a few months after the bank formed a new research team to accelerate its research on the feasibility of a digital currency in the country. BOJ Needs Public Support More reports surfaced that Japan has no immediate plans to launch a digital currency. However, a senior BOJ official in charge of looking into the possibility of launching a CBDC made a...

Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own. While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC). The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on...

The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities. The digital world is stealing the attention of the Spaniards. In its “Analysis and research priorities for the Banco de España: 2020-2024“, the Central Bank said it will prioritize the study of the legal, technological and...

The concept of central bank digital currency (CBDC) has progressed quite well and is becoming inevitable. It is a new form of fiat currencies issued by central banks in digital form using centralized or permissioned distributed ledgers.Many countries are researching or are already closer to launching a national digital currency. But a joint paper coordinated and published by the Bank for International Settlements (BIS) on Friday revealed that central banks are getting involved in the CBDC...

Deutsche Bank is out with it’s latest cryptocurrency report. The global banking giant has discussed central bank digital currencies (CBDCs) in great detail, and their effect on central banks, individuals, and governments.In the discussion pertaining to individuals, DB says that CBDCs could encounter political resistance and encourage social unrest.Central Bank Cryptos Could Make A World Of DifferenceIn it’s latest CIO Special report, German banking heavyweight Deutsche Bank observed that...

Ripple ist bemüht, mit XRP bei den Zahlungsdienstleistern und Banken mit der Währung CBDC Gleichartigkeit zu finden. Doch bislang war das Interesse nach diesen neuen Zahlungsmöglichkeiten dieses Startups eher gering. Was ist CBDC? CBDC ist eine Abkürzung für Central Bank Digital Currency. Dies ist eine von der Europäischen Zentralbank kontrollierte Fiat-Währung, die digital ist. Die CBDCs sind hierbei...

Three to five countries will completely replace their currency with a central bank digital currency by 2030, argued a recent report by a German-based fintech think tank.The document also warned that if the European Central Bank doesn’t accelerate its CBDC endeavors, the digital Yuan will overtake it but won’t disrupt the Dollar’s dominance.Countries To Fully Implement CBDCsThe European think tank focusing on fintech and blockchain research dGen published a study on the potential impact of...

Despite numerous reports claiming that the Chinese central bank is experimenting with large volume transactions for its CBDC, the bank recently said that it’s focusing on small retail transactions but confirmed that the trials are ongoing in numerous regions.China’s CBDC Trialed For Smaller TransactionsIn the past few weeks, various reports claimed that the People’s Bank of China had tested its central bank digital currency (CBDC) with a massive transaction volume to determine how much load...