#cbdc News & Analysis

Senate Approves Temporary Federal Reserve CBDC Ban Through 2030

America’s CBDC Faces Ban Until 2031 Following Senate’s Latest Move

Bank of England’s Greene predicts tokenized deposits will replace stablecoins

Bank of England official Greene predicts that tokenized deposits issued by regulated financial institutions will eventually displace stablecoins as the primary form of digital currency. This shift could fundamentally alter financial stability frameworks and trigger a global realignment of cryptocurrency regulation around central bank-backed digital assets rather than private stablecoin alternatives.

China considers national clearinghouse for digital yuan transactions

China is exploring the establishment of a national clearinghouse for digital yuan transactions to streamline settlement processes. The initiative aims to improve financial integration, enhance transaction efficiency, and support the broader development of China's digital economy infrastructure.

Bessent calls for CLARITY Act passage, says no CBDC under Trump

Treasury Secretary Scott Bessent confirmed the Trump administration opposes a U.S. central bank digital currency (CBDC) while advocating for the CLARITY Act to establish clearer regulatory standards for digital assets. This dual stance signals the administration's preference for private sector innovation over government-issued digital currencies while supporting legislative clarity.

Treasury Secretary Scott Bessent reiterates ‘no CBDC’ commitment under Trump admin

Treasury Secretary Scott Bessent reaffirmed the Trump administration's opposition to central bank digital currencies (CBDCs) during a Thursday press briefing. Bessent simultaneously called for Congress to expedite passage of the Clarity Act, signaling the administration's preference for regulatory clarity over digital currency innovation from government sources.

Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto

US Treasury Secretary Scott Bessent publicly endorsed the CLARITY Act, urging Congress to pass legislation that would establish a regulatory framework for digital assets and bring crypto activity onshore. The bill has advanced through Senate committee votes and requires full Senate passage, House reconciliation, and presidential approval. Bessent also confirmed the administration will not pursue a Central Bank Digital Currency.

Brendan Greeley: The dollar exists in multiple forms, understanding monetary sovereignty is crucial for currency control, and the evolution of currency impacts economic discourse | Odd Lots

Brendan Greeley explores how the US dollar exists in multiple forms and argues that understanding monetary sovereignty is essential for currency control and economic policy. The analysis challenges conventional narratives about American monetary dominance and highlights how currency evolution shapes broader economic discourse and future financial systems.

BIS Project Agorá Pushes Forward With Round-the-Clock Cross-Border Payment Systems

The Bank for International Settlements' Project Agorá is advancing tokenized cross-border payment infrastructure with atomic settlement capabilities and 24/7 operational capacity. The initiative plans real-value testing across multiple currencies, signaling institutional momentum toward modernizing legacy payment systems through blockchain technology.

BIS says tokenization can improve wholesale cross-border payments

The Bank for International Settlements' Project Agorá has demonstrated that tokenization can enhance wholesale cross-border payments by enabling atomic settlement across multiple jurisdictions simultaneously. This development suggests blockchain-based solutions could address long-standing inefficiencies in international payment systems.

European Central Bank outlines strategy to modernize central bank money with digital euro

The European Central Bank has announced a strategy to develop a digital euro, aiming to modernize central bank money within the eurozone. This initiative could reshape global financial dynamics by challenging US dollar dominance and strengthening monetary sovereignty for European institutions.

BIS tokenization moves to real value payments

The Bank for International Settlements (BIS) has advanced its tokenization initiative beyond the prototype phase, moving toward live cross-border payment trials using real value. This progression signals institutional commitment to blockchain-based settlement infrastructure and represents a critical step toward practical implementation of central bank digital currency (CBDC) interoperability.

China’s AI investment boom boosts exports, strengthens yuan for sixth straight quarter

China's artificial intelligence investment surge is driving strong export growth and supporting yuan appreciation for the sixth consecutive quarter. This economic momentum could enhance Beijing's global influence, attract international capital, and accelerate digital yuan adoption among trading partners and institutions.

BIS confirms tokenizing central bank reserves accelerates cross-border payments

The Bank for International Settlements (BIS) has confirmed that tokenizing central bank reserves can significantly accelerate cross-border payments by reducing friction, lowering transaction costs, and improving operational efficiency in global financial infrastructure.

Are central banks ready to move tokenization from simulation to real money?

Project Agorá, a Bank for International Settlements-led trial, has successfully demonstrated that tokenized central bank money and bank deposits can execute cross-border payments atomically across multiple currencies in a single transaction step. This breakthrough suggests central banks are progressing toward real-world implementation of tokenization technology beyond experimental phases.

BIS project finds tokenization could make cross-border payments faster, safer

Project Agorá, a BIS-backed initiative involving major central banks, is advancing to real-value testing phase to settle tokenized central bank digital currencies (CBDCs) and bank deposits on blockchain infrastructure. This milestone represents a significant step toward making cross-border payments faster and more secure through distributed ledger technology.

House Freedom Caucus escalates fight over CBDC ban as FISA deadline approaches

The House Freedom Caucus is intensifying efforts to ban Central Bank Digital Currencies (CBDCs), framing the push around privacy concerns as a FISA deadline approaches. This political escalation could accelerate demand for decentralized and private digital currency alternatives among users seeking to avoid government surveillance.

European Central Bank and Reserve Bank of India sign Memorandum of Understanding on cooperation

The European Central Bank and Reserve Bank of India have signed a Memorandum of Understanding to strengthen cooperation on central bank digital currencies, payments infrastructure, and financial stability. This bilateral agreement reflects growing global coordination among major central banks to develop CBDC frameworks and enhance cross-border payment systems.

ECB chief Christine Lagarde raises fresh concerns over euro stablecoins

ECB President Christine Lagarde has escalated warnings against euro-denominated stablecoins, arguing that financial stability and monetary control risks outweigh potential benefits to the euro's international standing. Her comments reflect growing regulatory skepticism toward private digital currencies that could undermine central bank authority.

ECB’s Lagarde flags euro-denominated stablecoins as financial stability risk, diverging from Bundesbank stance

ECB President Christine Lagarde has expressed concerns that euro-denominated stablecoins pose risks to financial stability and monetary policy effectiveness, advocating for a central bank digital currency (CBDC) instead. This position contrasts with the Bundesbank's more moderate stance on stablecoins, revealing internal disagreement within eurozone monetary authorities on digital currency regulation.

ECB President Christine Lagarde Slams US Stablecoin Strategy, Vows 'Fortress Europe' for Euro

ECB President Christine Lagarde has criticized US stablecoin strategies and announced the European Central Bank's commitment to developing 'Fortress Europe'—a defensive regulatory and technological framework designed to establish the euro-based Appia system by 2028, effectively countering dominance of US-denominated stablecoins in digital payments.

Piero Cipollone: Digital assets, payment efficiency and monetary policy

Piero Cipollone, ECB official, discusses how digital assets and blockchain technology can improve payment efficiency and influence monetary policy implementation. His remarks highlight central bank interest in understanding cryptocurrency's role in the financial system while addressing both opportunities and regulatory concerns.

Bank of Korea’s new chief vows to push CBDC, deposit tokens; leaves out stablecoins

South Korea's new Bank of Korea Governor Shin Hyun-song has pledged to advance the central bank's CBDC and deposit token initiatives while notably excluding stablecoins from the agenda. Given Shin's previous opposition to stablecoins during his tenure at the Bank for International Settlements, this signals Seoul's preference for centralized digital currency solutions over decentralized alternatives.

BIS says stablecoins act more like ETFs than money, warns of fragmentation without global rules: report

The Bank for International Settlements (BIS) has characterized stablecoins as more similar to exchange-traded funds than traditional money, and has issued a warning that the $300 billion stablecoin market requires coordinated global regulatory frameworks to prevent fragmentation and systemic risks.

US stablecoins threaten emerging markets’ monetary sovereignty: IMF official

An IMF official has warned that the proliferation of US-backed stablecoins in emerging markets poses a threat to monetary sovereignty and local financial stability. The concern centers on how widespread adoption of dollar-pegged digital currencies could circumvent central bank authority and prompt governments to implement stricter regulatory frameworks.