ECB: Financial Industry Adoption of Distributed Ledger Technologies — Implications for Central Bank Money Settlement

The Eurosystem — consisting of the European Central Bank (ECB) and national central banks in the euro area — is analysing the potential impact of emerging technologies, including DLT, on the settlement of wholesale financial transactions. This work was…

Digital Euro Preparations Gain Momentum

This article from Piet Mallekoote highlights the background of the digital euro project and provides an overview of the state of play and challenges. Substantial progress has been made in the euro area in recent years with preparations for a digital euro.…

In Conversation with the Bank of Thailand’s Digital Currency Policy and Development Unit

Central Bank Payments News sat down recently with the Bank of Thailand’s Digital Currency Policy and Development Unit — Kasidit Tansanguan, Nuntapun Bhensook, and Thanaporn Rattanakul — to learn more about the retail digital baht pilot and what’s next…

Transforming Payments for the Real World: Industry Insights in 2024

The third annual Central Bank Payments News supplement features insightful perspectives from six leading players in the global payments ecosystem who are working closely with central banks to spark genuine transformation in payments.

National Bank of Georgia's Innovation Office: Importance and Need in Georgia’s Financial Sector

Regulators need to be open to innovation to balance the market, which is why the National Bank of Georgia (NBG) created the Financial Innovation Office (FIO). The FIO serves as a critical, yet often understated, protagonist at the heart of this technological…

Currency Research Global Payments Week 2024

A high-profile delegation of central bankers and innovators in the payments industry will be heading to Kuala Lumpur, Malaysia, this June for the Currency Research Global Payments Week 2024. To find out more about the themes guiding the events — the Central…

In Conversation with Zeynel Abidin Avcı and Bilgehan Kürsad Öz of the Central Bank of the Republic of Türkiye

The Central Bank of the Republic of Türkiye (CBRT) is playing a catalytic role in the development of a “robust and innovative payment landscape,” most notably with the establishment in 2021 of an instant payment system and, more recently, its work on…

CBDC Needs a Plan B in Global Crises and Uncertainties

The focus of this article is to consider the relevance of a concern often raised in the context of the development of CBDC, namely the potential bank run scenario. This scenario is one of the justifications for the central bank preference to set limits…

VOX DEI: The Criticality of Consumers’ Voices in the Development of CBDC

The emerging consensus that consumer acceptance is a critical success factor in a CBDC deployment compels countries at all stages of CBDC development to align their designs closely with consumer needs and expectations. These insights can only be established…

In Conversation with Binur Zhalenov of the National Payments Corporation of Kazakhstan

Central Bank Payments News spoke to Binur Zhalenov, Chief Executive Officer of the National Payments Corporation of Kazakhstan, about the evolution and future of the Digital Tenge, its place within a broader digital revolution, and lessons Kazakhstan’s…