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News articles, opinion pieces or political analyses from all over the world are welcome. Respectful discussions in good faith are encouraged. Archive links can be helpful. Archive.today is one option, several others are available. See also similar content in the following Collections: WorldNews A basic feed of active human-posted world news from the fediverse. NewsMix In the mix are included news and politics articles from around the world, Europe, good & uplifting, not_the_onion like. Politics Mostly geopolitics.

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SWIFT planning launch of new central bank digital currency platform in 12-24 months (www.reuters.com)

submitted 7 months ago by [email protected] to c/[email protected]

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LONDON, March 25 (Reuters) - Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters.

Around 90% of the world's central banks are now exploring digital versions of their currencies. Most don't want to be left behind by bitcoin and other cryptocurrencies, but are grappling with technological complexities.

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[–] [email protected] 1 points 7 months ago* (last edited 7 months ago)

The mainstream articles often fail to mention the differentiation between retail and wholesale CBDCs. Here is a World Economic Forum document that clarifies some of the dystopic potentials of this differentiation:

Digital Currency Governance Consortium White Paper Series - 19 November 2021
Note: click on Download PDF to view, and go to page 181 for more details.