On Friday, the International Monetary Fund (IMF) and the World Bank argued for the cross-border benefits of central bank-issued digital currencies (CBDC), claiming that projects like the United States' digital dollar would aid global development. World Bank And IMF Support CBDC Together with the Bank for International Settlements (BIS), the two global organisations...
Many private tech and financial players are also involved in the project.
Bank of International Settlements (BIS), the top governing institution owned by global central banks, shares its views on central bank digital currencies (CBDCs) and how they can raise the competition bar in the digital payments market. In a report accessed by The Globe and Mail on Wednesday, March 31st, BIS said that the inclusion of The post BIS Says CBDCs Will Raise the...
As the CBDC developments catch pace worldwide, the Bank of Japan is making its own moves. On Friday, March 26, the Japanese central bank said that it will start the feasibility study and test of its own CBDC - Digital Yen...
A few monetary regulators have entered the pilot programs with digital fiats.
Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?
The need to regulate global stablecoins like Libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.
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