Remember that the ECB’s mandate is price stability, but inflation in the euro area has exceeded 22% in the past four years.

CBDCs or central bank digital currencies are increasingly being studied by entities such as the Bank of Canada for their ...

Industy experts shared their thoughts on the future of new wave of payments, at the Tech & Innovation Summit, organised by ...

Central bank digital currencies have the potential to improve financial inclusion for women, but only if they are combined ...

For example, China, Hong Kong, Thailand and the UAE are currently working on a joint cross-border CBDC project, formally known as a ‘multiple central bank digital currency bridge’ (m-CBDC). The plan ...

Former President Donald Trump signed an order prohibiting the Federal Reserve (Fed) from developing, issuing, or promoting a central bank digital currency (CBDC). This move halts any work related ...

South Korea's 7-Eleven stores are now accepting the Bank of Korea’s central bank digital currency (CBDC) as part of a limited-time test that runs through June. The company is participating in ...

Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more ...

Despite the current selloff in cryptocurrencies such as Bitcoin (BTC), the European Central Bank (ECB) says it is proceeding with plans to launch a digital Euro currency this year. Effectively ...

For example, when adoption cost frictions are $1.50 per ... “Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency.” Bank of Canada Staff Working Paper ...

India has promoted rupee-based trade settlements with key partners The RBI is developing a central bank digital currency (CBDC), part of a process that has seen the country depend less on physical ...