• The Bank of England (George Rex via Flickr, CC-BY-SA).
    Politics

    6 central banks team up to explore digital currencies

    England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies

    The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”

  • This is for my boyfriend, so don't tell my husband! (Library of Congress via Wikimedia Commons).
    Cryptocurrencies,  Regulation

    Rationing Privacy: ECB suggests digital currency ‘anonymity vouchers’

    An EU-issued central bank digital currency could provide an allowance of tokens good for keeping Big Brother from looking at your spending

    Planning to score some cocaine before meeting your girlfriend at a hotel? Neither the cops nor your wife will be any the wiser if you use some of the “anonymity vouchers” Europe’s central bank just proposed building into an e-euro. It’s kind of like trying to sneak across a room unseen by screaming, “nobody look at me!”

  • Treasury Secretary Steven Mnuchin to Congress, "We don't need no stinkin' digital currency" (via C-SPAN).
    Cryptocurrencies,  Politics,  Regulation

    Treasury’s Mnuchin: no U.S.-issued digital currency before 2025

    The Federal Reserve may not be issuing a digital dollar anytime soon, but Europe is looking hard at creating an e-euro, and China’s digital yuan is coming

    While China and the European Union rush forward on creating a digital currency, the U.S. doesn’t see the need for one in at least the next five years, said Treasury Secretary Steven Mnuchin.

  • The French Army couldn't beat China in the Tonkin War of 1884-5. Can it beat China's central bank to a to a digital currency in 2020? (via Banque de France)
    Cryptocurrencies,  People,  Politics

    France: 2020 national digital currency bridge to e-euro

    François Villeroy de Galhau appoints Nathalie Aufauvre to build a French national digital currency leading to an e-euro

    Banque de France Governor François Villeroy de Galhau is planning to test a central bank-issued digital currency by 2020 to do it. Along the way, he’s making a play for French leadership of the European economy.