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Claudio Borio's remarks | Hyun Song Shin's remarks

Technological innovation is transforming payments. Domestic payments are increasingly convenient, instantaneous and available 24/7. However, shortcomings in access to payments and cross-border payments remain. Lack of access to payments is a problem in some emerging market and developing economies. Improving cross-border payments will require international coordination. Initiatives to improve cross-border payments would benefit from better data to quantify both the extent and the drivers of the problems.1

Japan’s central bank, like several other central banks across the world in recent months, has been considering creating and launching its own central bank digital currency (CBDC). However, as countries such as China and Sweden are accelerating their developments on a nationwide digital currency, the Bank of Japan has called for a pause on developing the digital yen.

Former Vice President of CIRC of the Party talks about ICOs and cryptocurrency trading bans in China and CBDC is an important national strategic plan.

The Bank of England ’s chief cashier Sarah John has signaled support for an official digital currency, arguing it is “crucial” to central banks to consider central bank digital currencies (CBDCs) and stepping in before tech giants dominate.

Chinese authorities have postponed research on the digital yuan as the coronavirus continues to spread globally.

In a conference hosted by National Bank of Ukraine, some central banks recently suggested that blockchain is unnecessary for digital fiat currency

Bank of Canada is preparing for creating its own digital currency to defend the Canadian dollar and monetary sovereignty.

As a crypto firm in Ukraine plans to issue the first Ukrainian hryvnia-pegged stablecoin, the country’s central bank is progressing with its e-hryvnia project.

Japan’s Monetary Authorities Get Serious About CBDC Research and Roll Out

CBDC: Bank of Japan and nation's financial service agency held talks to determine whether to issue central bank digital currency.

The senior Bank of England official believes that regulators must act quickly to prevent major tech firms from using stablecoins to dominate the payments sector.

JPMorgan published a report showing a significant move towards blockchain, enormous growth of blockchain, and challenges hindering mainstream adoption.

CBDC: The former CFTC Chairman Christopher Giancarlo recently stated that the US Fed must issue a digital currency.

JP Morgan report says that current blockchain developments are lying down the foundation for digital money, but more centralization is needed.