Leaders of global CBDC projects talk shop in panel today
Central bank digital currency interest continues gaining global traction. As part of DC Fintech Week, a digital conference on the governmental side of the financial technology sector, several international leaders gathered for an Oct. 19 panel called: Central Banks, CBDCs and Cryptoeconomics. "I don't see technological barriers in this area, but I do see technological challenges," Cecilia Skingsley, First Deputy Governor of Riksbank, the central bank of Sweden, said on the panel. "The challenge is not so much technology in itself, but it's more about — we have to choose what sort of policy....
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Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration. Central Bank Digital Currencies, or CBDCs, were the talk of the town for many in crypto and banking in 2020, with Sweden's prospective e-krona one of the frontrunners. Sweden’s central bank, Sveriges Riksbank, is investigating distributed ledger technology, or DLT, for its CBDC proof-of-concept, the bank’s deputy governor confirmed today. “The technology we use is the DLT called Corda,” Cecilia Skingsley, the deputy governor of Sweden’s central bank, said on Wednesday during a CfC St.....
On Friday, the International Monetary Fund (IMF) and the World Bank argued for the cross-border benefits of central bank-issued digital currencies (CBDC), claiming that projects like the United States’ digital dollar would aid global development. World Bank And IMF Support CBDC Together with the Bank for International Settlements (BIS), the two global organisations released a […]
Some of the most recognizable leaders in the blockchain industry have agreed to participate in a newly launched advisory panel organized by the Monetary Authority of Singapore (MAS). Included on the regulatory authority and central bank's 15-person International Technology Advisory Panel (ITAP) is CEO of Digital Asset Holdings, Blythe Masters; CEO of SolidX, Daniel Gallancy; and managing director of R3CEV, Tim Grant. ITAP met for the first time this week to discuss a wide range of applications of blockchain, among other FinTech trends, at an event attended by Deputy Prime Minister and....
How have early-adopting bitcoin merchants overcome stumbling blocks in doing business with a digital currency? A panel of entrepreneurs shared their experiences during a discussion today at Bitcoin 2013. A panel of both Bitcoin business operators and other merchants convened at Bitcoin 2013 to discuss how to get over the stumbling blocks in the road of becoming early adopters of the digital currency. Moderated by Mark Edge, a host with the libertarian call-in radio show "Free Talk Live," the panel included Pierre Noizat, co-founder and chief operations officer of Paymium. David Johnston,....
Amid the global CBDC race, the Canadian central bank does not currently see a strong case for issuing a state digital currency. The Bank of Canada does not see a strong reason for issuing a central bank digital currency, or CBDC at the moment.Timothy Lane, the Bank of Canada’s deputy governor and head of research at the bank’s fintech and crypto department, spoke on CBDC issues at a Wednesday panel, Reuters reports.According to the official, the Canadian central bank is now focused on CBDC implementations in more concrete terms, thinking about how it might work and look. However, the Bank....