The mission helped the BCRD to assess a CBDC's potential macro-financial, legal, and financial integrity implications, and shared lessons from other countries' CBDC and digital money projects, ...

Issuing an unremunerated CBDC or a wholesale CBDC does not change the objectives of monetary policy or the operational framework for monetary policy. CBDCs can, however, induce changes in the retail, ...

The RBI launched the wholesale pilot of CBDC on November 1 ... Bank of India (SBI), Bank of Baroda (BoB), Union Bank of India (UBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC ...

Progress on central bank digital currencies has been relatively slow. But a flurry of tests near the end of the year suggest CBDC initiatives are improving their pace, as central banks try to ...

McHenry’s (R-NC) broader legislation. Setting aside which members support broader crypto bills, stopping the Fed from issuing a CBDC should not be the partisan issue it is becoming. A CBDC gives ...

This week, the House of Representatives will vote on legislation sponsored by House Majority Whip Tom Emmer (R-MN) called the ...

Working on digital transformation by busting boundaries. Vipin Bharathan: You have established a CBDC Think tank, could you elaborate on the aims of the CBDC Think tank? Jamiel Sheikh: The ...

The author and editors take ultimate responsibility for the content. A central bank digital currency (CBDC) is a digital version of government-backed, fiat money. This type of digital currency is ...

But the risk would be present for all banks, regardless of size, if the Federal Reserve introduced a central bank digital currency, or CBDC. Bankers should make no mistake: If a CBDC is introduced in ...

In Nigeria, citizens have taken to the streets to protest the nation’s cash shortage, further objecting to their government’s implementation of a central bank digital currency (CBDC).

South Korea will start a pilot for a central bank digital currency (CBDC) involving 100,000 citizens in the fourth quarter of next year. The pilot program will be operated jointly by the Bank of ...