Digital CN





CBDC Updates

Taiwan has said that it has completed trials of its prototype retail CBDC in technical simulations. This was concluded three months early. Electronic payments have risen from 40% in 2017 to 60% in the first quarter of 2022.

Digital CN - August 1, 2022 midnight

Stablecoins – the Future of Money?

Schroders, a global asset management and wealth manager, has published a perspective piece, ‘Stablecoins: what they mean for the future of money’.

Digital CN - August 1, 2022 midnight

Any Link Between Cash Holdings and Bitcoin Ownership?

The Bank of Canada (BOC) has issued a paper investigating the relationship of Bitcoin owners with cash. The paper is written in the context of understanding whether private digital currencies will make serious inroads into the use of cash, particularly for transactions.

Staff Papers - July 4, 2022 midnight

CBDC Round Up

The Bank for International Settlements (BIS) Hong Kong Innovation Hub will start Project Selah in the third quarter of 2022. The project sees the Hong Kong Monetary Authority and the Bank of Israel working together, with the BIS, to test a two-tier system.

CBDC - July 4, 2022 midnight

CBDC Round Up

At a BIS event, the Central Bank of Chile announced that it is delaying its planned digital roll out to undertake further work on the benefits and risks.

Digital CN - June 8, 2022 midnight

CBDCs in Emerging Market Economies

In preparation for a meeting of emerging market economy Deputy Governors organised by the Bank for International Settlements (BIS), the BIS surveyed 26 central banks and received papers relating to their CBDC work from 24 of them.

Digital CN - April 21, 2022 midnight

Impact of the Use of Cash on Demand for a Retail CBDC

A new IMF paper concludes that the main influence on the demand for cash, and why demand is falling, seems to lie in the demand preferences of changing population structures. If CBDCs are issued, the demand for cash may continue to fall, but the demand for card usage may fall by even more.

Digital CN - March 30, 2022 midnight

Overview of China’s Progress with its e-CNY Pilot

China has been working hard to get its e-CNY ready in the run up to the Beijing winter Olympics with the aim of using the games to test its CBDC. The e-CNY could be used by visitors to China as well as the local population.

Digital CN - March 3, 2022 midnight