central bank digital currency
China to Build Global Clearing Network for Mobile Payments Using Digital Yuan
According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.
Cuáles son las monedas que podrían reemplazar al dólar como principal reserva de valor
La participación de la moneda estadounidense en las reservas mundiales no ha dejado de disminuir desde hace años. ¿Tomará el euro, yuan o bitcoin su lugar en el centro de las finanzas mundiales?
Ranking the Currencies That Could Unseat the Dollar
The dollar's share of global reserves has declined steadily for years. Will the euro, yuan or bitcoin take its place at the center of global finance?
Samsung Plans to Participate in South Korea’s CBDC Pilot
Samsung Electronics will reportedly take part in the Bank of Korea (BOK)'s central bank digital currency (CBDC) pilot with a focus on remittances. The electronics giant plans to test the functionality of the pilot with its Galaxy smartphone and look at whether transactions can be completed without internet availability. "The Hash" squad discusses the implications for tech innovation in the crypto space in South Korea, which was once hailed as the next global blockchain hub.
The End of Exorbitant Privilege: Inflation, the Global Dollar and What Comes Next
What would it mean for the dollar to lose its global reserve status? Why might it happen? And what could take its place?
Atlantic Council: 81+ Countries Exploring CBDCs, US ‘Furthest Behind’
The Atlantic Council has launched a central bank digital currency (CBDC) tracker, database, and interactive toolkit. The number of countries exploring CBDCs has more than doubled to 81 over the past year. The American think tank cautions the U.S. is “furthest behind” on CBDC development.
Nigeria's Central Bank Digital Currency Pilot to Start Oct. 1
Rakiya Mohammed, the bank's information technology director, revealed the date during a private webinar on Thursday.
Stablecoins Risk a Rerun of Financial Crises Past
We shouldn't ignore the risks that stablecoins potentially pose to the financial system, says our columnist.
BIS Launches Innovation Hub With Nordic Central Banks Focusing on CBDCs
The launch of the Nordic hub marks the fifth BIS Innovation Hub Centre to be opened in the past two years.
What If Somebody Hacks the Money Pipeline Next?
The Colonial Pipeline saga illustrates what may be a vulnerability with digital currency issued by central banks.
