Tag Archives: CBDC

The Dog Fight Between Public And Private Sectors For Digital-Currency Supremacy

Martin Baker, Money&Co.’s director of communications, continues his journey through the fast-changing and intensely competitive world of digital currencies  Private v Public Digital Money One of the reasons the central banks are so keen to popularise CBDCs is the fear that investment and digital banks will privatise the money supply. The private sector is scrambling […]

More Conclusions: Regulators Loathe Cryptos, And CBDC Competition Is On

Martin Baker, award-winning journalist and head of communications at Money&Co., opines on central banks, their competition for CBDC dominance and their dislike of cryptos Regulators Dislike Cryptos Regulators by definition cannot control tokens outside their banking system, so their antipathy is natural enough. This can spill over into wishful thinking. The Bank for International Settlements’ […]

CBDC International Scramble For Dominance Under Scrutiny

Martin Baker, award-winning journalist and head of communications at Money&Co., continues his take on central bank digital currencies (CBDCs).   According to trade commentator NonFungible, trading in NFTs jumped by 300% in 2020 topping $250 million. In 2019, the same report said that the NFT market was a mere $62.8 million having dropped by 68% […]

CBDCs And The Mainstream’s Attempt To Control Cryptos

Here’s a first take on the fast-growing central bank digital currency market, as the mainstream tries to compete with and subsume cryptocurrencies within the established system. Baroness Susan Kramer, former LibDem Treasury spokesperson, notes the growth of CBDCs and argues that “there’s a gathering momentum behind fiat digital currencies. China is among the leading countries […]

European CBDC Moves – Plus Loan Offer News

Last week we wrote up news of the advent of Britcoin, the UK’s own central bank digital currency (CBDC). Today our friends at Finextra bring word of the latest CBDC developments in the European Union. The European Central Bank has hired ING’s global director of payments, Evelien Witlox, to head up its digital euro programme. […]

Central Bank Digital Currencies Seek Cross-Border Function

Regular visitors to our News section will be aware that we see central bank digital currencies (CBDCs) as a state-sponsored fake cryptocurrency. The beneficial ownership of an account is quite clear – so there’s nothing cryptic about CBDCs. They are merely digital, and the hope amongst central bankers appears to be that consumers will accept […]

Central Banks Move To Act In Concert Over CBDCs

More news reaches us of the attempts to popularise digital accounts with central banks. Central Bank Digital Currencies (CBDCs) are not cryptos, rather an electronic account with a central bank. The latest move, as reported by our friends at Finextra, is for international co-operation between central banks. The Monetary Authority of Singapore and the Banque […]

Swiss Central Bank Nudged Towards CBDC Launch

The Swiss government gets a prod from its own banking association on progress towards a Central Bank Digital Currency (CBDC). As regular readers of this News section will be aware, we have pointed out that CBDCs are digital, but not crypto-currencies. A British CBDC (Britcoin – it’s in development) would mean effectively having a bank […]