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October 1, 2021   Uncategorized   No comments

Latest from BIS and a group of 7 central banks including Canada on retail CBDCs

BIS | Oct 1, 2021

CBDCs and central banks and BIS - Latest from BIS and a group of 7 central banks including Canada on retail CBDCsA group of seven central banks (Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank and Swiss National Bank), together with the Bank for International Settlements, are working together to explore central bank digital currencies (CBDCs) for the public ("general purpose" or "retail'' CBDC).

Here is a summary of progress made since publishing a report in October 2020 setting out the common foundational principles and core features of a CBDC. Alongside the executive summary, three detailed reports are also being published:

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NCFA Jan 2018 resize - Latest from BIS and a group of 7 central banks including Canada on retail CBDCs The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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