Digital currency

Central bank digital currency and monetary policy implementation

Retrieved on: 
Thursday, April 18, 2024

Key Points: 

    Transactional demand for central bank digital currency

    Retrieved on: 
    Thursday, April 18, 2024

    Key Points: 

      Digital euro safeguards – protecting financial stability and liquidity in the banking sector

      Retrieved on: 
      Thursday, April 18, 2024

      A digital euro would offer a wide range of

      Key Points: 
        • A digital euro would offer a wide range of
          financial stability benefits, including safeguarding the role of public money and
          strengthening the strategic autonomy and monetary sovereignty of the euro area in
          the digital era.
        • Keywords: CBDC, digital euro, bank intermediation, financial stability risks.
        • A digital euro has the potential to offer a wide range of financial stability
          benefits for the digital era.
        • A digital euro would
          stimulate financial innovation among private sector entities and enhance the
          efficiency and resilience of the financial system by supporting competition and
          diversity within it.3 In addition, a digital euro would strengthen the strategic autonomy
          and monetary sovereignty of the euro area.
        • A digital euro would be designed to minimise risks to the financial system.
        • 2

          The preparation phase will pave the way for a future decision on whether or not to issue a digital euro.

        • When gauging the implications for the euro area banking sector of introducing a
          digital euro, take-up would be key, as it would determine the level of deposit
          outflows.
        • In the latter case, the
          issuance of a digital euro would not affect banks? balance sheets, since banks would return euro
          banknotes to the Eurosystem in exchange for digital euro.
        • Banknotes and digital euro are two different
          types of central bank liability, so a swap between banknotes and digital euro would only affect the
          composition and not the size of the Eurosystem?s balance sheet.
        • In our analysis, we model only the
          substitution of commercial bank deposits with a possible future digital euro.
        • 8

          The legislative proposal on a digital euro provides for the inclusion of such safeguards and establishes
          specific criteria for the limits, aiming to contain the use of a digital euro as a store of value.

        • ECB Occasional Paper Series No 346

          4

          2

          The added value of digital euro
          safeguards such as holding limits
          To understand the benefits of digital euro safeguards, such as holding limits, it
          is useful to first consider the implications of introducing a CBDC without
          adequate safeguards.

        • (2022), ?Central bank digital currency and bank intermediation: Exploring different
          approaches for assessing the effects of a digital euro on euro area banks?, Occasional Papers, No 293,
          European Central Bank, Frankfurt am Main, May.
        • deciding to adopt the digital euro, and (ii) the average amount of digital euro in a
          wallet.
        • At the same time, as discussed in this paper, the design of a digital euro would
          include effective safeguards, such as individual holding limits, to mitigate
          potential financial stability risks.
        • ECB Occasional Paper Series No 346

          15

          an upper bound on the amount of digital euro in circulation, thereby addressing and
          limiting financial stability concerns associated with the introduction of a digital euro.

        • (2023), ?A digital euro: gauging the
          financial stability implications?, Financial Stability Review, ECB, November.

      Mercado Bitcoin Lists eUSD & eGBP Digital Cash stablecoins by ARYZE

      Retrieved on: 
      Wednesday, April 3, 2024

      Digital Cash stablecoins are full-reserve, asset backed in short-term government bonds, and are issued by ARYZE BVI, a wholly owned subsidiary of Aryze ApS Denmark.

      Key Points: 
      • Digital Cash stablecoins are full-reserve, asset backed in short-term government bonds, and are issued by ARYZE BVI, a wholly owned subsidiary of Aryze ApS Denmark.
      • Digital Cash stablecoins operate on various blockchain networks, and at MB can be found on the Polygon blockchain.
      • Jack Nikogosian, ARYZE CEO, commented: "We are thrilled to broaden our Digital Cash stablecoins' footprint with Mercardo Bitcoin.
      • Digital Cash is unique amongst stablecoins as cross currency conversion is embedded into the fabric of every coin bringing previously unseen fungibility between major currency pairs and making Aryze Digital Cash globally relevant.

      LBank Exchange Will List MetaMUI Token (MMUI) on February 23, 2024

      Retrieved on: 
      Thursday, February 22, 2024

      MetaMUI Token (MMUI) is a versatile utility token at the heart of the MetaMUI blockchain ecosystem, designed to facilitate transactions, access services, and serve as the foundation for a range of decentralized applications and digital currencies.

      Key Points: 
      • MetaMUI Token (MMUI) is a versatile utility token at the heart of the MetaMUI blockchain ecosystem, designed to facilitate transactions, access services, and serve as the foundation for a range of decentralized applications and digital currencies.
      • LBank Exchange is thrilled to announce the upcoming listing of MetaMUI Token (MMUI), a versatile utility token at the heart of the MetaMUI blockchain ecosystem, designed to facilitate transactions, access services, and serve as the foundation for a range of decentralized applications and digital currencies.
      • MetaMUI stands as a pioneering blockchain technology, uniquely designed to address and overcome the limitations of traditional blockchain systems.
      • At its core, MetaMUI introduces an identity-based multi-ledger blockchain architecture, which not only enhances privacy and security but also fosters a unified ledger system.

      Piero Cipollone: Preserving people’s freedom to use a public means of payment: insights into the digital euro preparation phase

      Retrieved on: 
      Thursday, February 15, 2024

      Our approach relies on a term structure model of traded headline inflation-linked swap rates, which we assume span core inflation.

      Key Points: 
      • Our approach relies on a term structure model of traded headline inflation-linked swap rates, which we assume span core inflation.
      • The model provides estimates of market-based expectations for core inflation, as well as core inflation risk premia, at daily frequency, whereas core inflation expectations from surveys or macroeconomic projections are typically only available monthly or quarterly.

      Managing the transition to central bank digital currency

      Retrieved on: 
      Wednesday, February 14, 2024

      Key Points: 

        UAE IT Sector Soars with Strategic Investments and Digital Transformation

        Retrieved on: 
        Tuesday, February 6, 2024

        The VC hardware market is expected to rebound from 2024 onwards as the macroeconomic headwinds settle down.

        Key Points: 
        • The VC hardware market is expected to rebound from 2024 onwards as the macroeconomic headwinds settle down.
        • Technological advancements like integration of AR and IoT technologies and development of all-in-one endpoint devices.
        • The proliferation of cyberattacks, including ransomware, data breaches, and hacking incidents, continues to pose a significant threat to organizations and individuals.
        • As cybercrime rates rise, the demand for digital forensics services and expertise is expected to increase.

        UAE IT Sector Soars with Strategic Investments and Digital Transformation

        Retrieved on: 
        Tuesday, February 6, 2024

        The VC hardware market is expected to rebound from 2024 onwards as the macroeconomic headwinds settle down.

        Key Points: 
        • The VC hardware market is expected to rebound from 2024 onwards as the macroeconomic headwinds settle down.
        • Technological advancements like integration of AR and IoT technologies and development of all-in-one endpoint devices.
        • The proliferation of cyberattacks, including ransomware, data breaches, and hacking incidents, continues to pose a significant threat to organizations and individuals.
        • As cybercrime rates rise, the demand for digital forensics services and expertise is expected to increase.

        Aegis Trust & Custody Joins Hands with FORMS HK, Hi Sun Tech, and Infocast to establish the Digital Asset Service Hub (DASH) and Consortium for Banks in Hong Kong

        Retrieved on: 
        Friday, January 19, 2024

        This groundbreaking project aims to support banks in becoming "Virtual Asset Ready" by providing a foundational step.

        Key Points: 
        • This groundbreaking project aims to support banks in becoming "Virtual Asset Ready" by providing a foundational step.
        • The Custody+ Lab focuses on virtual asset custody for cryptocurrencies, tokenized securities, stablecoins, and CBDC.
        • The project's goal is to enhance the technological and operational preparedness of businesses navigating the complex realm of digital assets in Hong Kong.
        • We will play a key role in ensuring the seamless integration of financial transactions within banks and the digital asset ecosystem.