Financial inclusion
BoE launches design phase of ‘digital pound’ project
UK likely to issue central bank digital currency as anchor for monetary sovereignty
CBDCs need ‘self-custody’ to achieve inclusion – MIT Media Lab
Self-custody is currently “impossible for state-issued currency in the digital realm”
CBDC, cash and fast payments: the view from the IMF meetings
Digital currency and fast payments present ample opportunity for improvements, say policy-makers
Digital dollar could reduce unbanked in US by 93% – Dallas Fed paper
Inclusion need not come at the cost of disintermediation, researchers find
Is there a case for a retail CBDC in Japan?
A BoJ-managed, account-ledger ‘digital yen’ tied to the new Kotora payments may offer some potential
Morocco’s Jouahri on inflation, forex reform, digitalisation and sustainability
The Central Bank of Morocco governor speaks with Christopher Jeffery about Covid-19 policies, Fed tightening, BIS membership, regional co-operation and financial inclusion
Panama’s president vetoes parts of crypto law
Bankers’ association also opposes law, which president says lacks AML protections
RBI aims to triple volume of digital payments by 2025
New strategy document aims to build on “phenomenal” growth in electronic payments
Gender equality is key to sustainable development
Bank of Zambia deputy governor Rekha Mhango sets out the central bank’s strategy on financial inclusion
Understanding informal remittances
Better tracking of remittance flows could give central banks valuable insights to support policy, say Deepali Fernandes, Amil Aneja and Azar Sultanov
Officials urge narrow focus as CBDC use cases proliferate
Communication and financial inclusion are critical concerns, Summer Meetings panellists agree
RBNZ’s Orr says ‘Te Ao Māori strategy’ is boosting inclusion
Governor says RBNZ was “late” in tackling issues faced by Māori, but is now making progress
Central Banking FinTech RegTech Global Awards 2022
Central Banking’s fifth annual FinTech RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community
Central banks and UN working to improve remittance data
Flows are critical income sources for many economies, but data is often limited
Book notes: The future of money, by Eswar S Prasad
Prasad’s book is the best on the topic so far, providing the most complete description of issues and factors that will shape the future of money
Philippines central bank announces wholesale CBDC pilot
“Project CBDCPh” will test large transactions at limited number of institutions
Do CBDCs make sense for Latin America?
Steven Kamin says CBDCs may be particularly beneficial to emerging market economies
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
Honduras central bank warns on bitcoin again
Central American country will not follow El Salvador in making bitcoin legal tender, BCH says
Mexican financial institutions create gender equality committee
Eleven public and private institutions join initiative promoting women’s participation in the economy
Biden orders CBDC report from Fed and other agencies
Report must advise on how possible CBDC would affect US security and sovereignty
State Bank of Pakistan launches simplified digital account
Central bank governor says Asaan Digital Account should boost women’s participation in finance
Markus Brunnermeier on the need for CBDCs
The Princeton academic co-authored a paper for the European Parliament exploring the potential pitfalls of CBDCs. But they are still needed, he says