The business regulator of South Korea will determine the technical and legal grounds for the creation and issue of the digital currency of the central bank (CBDC) from March to December of next year. The technical aspect focuses on the design and functioning of the CBDC. A separate question to be...
Researchers at the BIS are convinced that the coronavirus pandemic will accelerate the spread of online payments and update issues related to national digital currencies. A new BIS report states that COVID-19 is changing the general public's attitude toward cash, even though the prevailing opinion...
The Swiss non-governmental organization World Economic Forum (WEF) has introduced the first of its kind guide for central banks developing their own digital coins. This was reported on the WEF website. The CBDC Policy Maker Toolkit framework provides guidelines for central banks in various...
Bahamian Central Bank is going to present a digital version of the Bahamian Dollar. The announcement on the official website was declared on December 24, and according to it, CBOB is going to issue CBDC pilot on December 27. The pilot is going to continue in the first half of 2020 to Abaco, barrier...
A synthetic central bank digital currency (sCBDC) based on public-private partnerships is better than a fully functional CBDC. It was said by the International Monetary Fund. Tobias Adrian, director of the IMF's currency control and capital market department, and Tommaso Mancini-Griffoli, deputy...