Governments around the world have begun piloting central bank digital currencies. CBDCs are issued and backed by centralised financial authorities and have the potential to reshape the international financial system. Russia, China, Saudia Arabia and …
Planet A This week, Australia and the United States reaffirmed their commitment to tackling biodiversity loss in their joint communiqué released as part of the AUSMIN consultations. The statement came on the eve of the …
Publicly revealed by the People’s Bank of China (PBOC) in 2019, China’s central bank digital currency (CBDC) project—the Digital Currency Electronic Payment, or DCEP—is an early-stage endeavour to rewire the global economic system using emerging …
Cryptocurrencies are having a moment. Not only is the price of one bitcoin hovering around the all-time high of nearly US$42,000 it hit in early January, but the Reserve Bank of Australia has announced that …
Globally, there’s increasing interest in the development of central bank digital currencies, driven by a wide range of policy motivations. A survey published by the Bank for International Settlements in January 2020 found that, out …