Digital currency
Russia to launch CBDC pilot in April
Central bank exploring cross-border functionality to evade sanctions
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
The Bank of Thailand governor speaks with Christopher Jeffery about the trend towards higher inflation, the sustainable finance challenge, experiments with CBDCs and governance issues related to multi-lateral payments
FSB outlines crypto and defi risks to financial stability
Future work will map “oracles”, “bridges” and other links with traditional finance
UAE plans to launch CBDC by 2026
Fintech strategy aims for cashless society through digital transformation
BIS developing ‘Pyxtrial’ for systemic stablecoin monitoring
London Innovation Hub centre will investigate balance sheets and asset-liability mismatches
BoE launches design phase of ‘digital pound’ project
UK likely to issue central bank digital currency as anchor for monetary sovereignty
Panama president sends crypto law to supreme court
Measure to create legal framework for crypto has twice passed legislature
DNB fines Coinbase for ‘severe’ non-compliance
Crypto exchange fined €3.3 million for operating without registration
EU approves ‘prohibitive’ capital rules for banks’ crypto holdings
Draft law implements final parts of Basel III, planned for January 2025
CBDCs need ‘self-custody’ to achieve inclusion – MIT Media Lab
Self-custody is currently “impossible for state-issued currency in the digital realm”
Central Bank of Bahrain governor celebrates Binance launch
Expansion into gulf state comes as other crypto exchanges cut their workforces
Russia and Iran discuss joint gold-backed stablecoin
Digital currency would be used for foreign trade settlements in special economic zone
PBoC launches offline CBDC payments
Users can also conduct e-yuan transactions with 0% battery
The always imminent demise of the global dollar
Creating effective alternatives will remain long and arduous despite China’s development of Cips, the mCBDC bridge and any oil-price redenomination, writes Barry Eichengreen
UK on way to wholesale stablecoin payments
Government official says private stablecoin likely to arrive before digital pound
Ban, contain, regulate: BIS weighs crypto policies
Central banks can do more to address inefficiencies in the monetary system, authors say
Russia developing cross-border CBDC settlement
Research into two proposed models for digital ruble exports to begin in Q1
France must mandate regulation of crypto assets, governor says
Government should not wait for EU to pass regulatory measure, Villeroy de Galhau argues
Regulators should treat crypto trading as gambling – Panetta
Self-destruction of crypto sector is not assured, says ECB official
E-yuan uptake disappointing, former PBoC researcher says
Xie Ping argues consumer cash needs already met by other services
2022: The year in review
The invasion of Ukraine left central banks facing yet another exceptional set of challenges. Central Banking looks back at the stories that made the biggest impact this year
Shoppers in Hong Kong encouraged to use e-yuan
PBoC’s mainland expansion of digital renminbi continues
Eurozone citizens still use cash in majority of transactions
Cash use declines since 2019, but still makes up almost 60% of transactions
Kazakhstan explores crypto co-existence in Binance CBDC trials
World’s largest crypto exchange working on crypto regulation in other central Asian states