China catches fraudsters using CBDC for money laundering
In China, fraudsters use similar methods to what they’d try for a debit or credit card scam but adapted for the digital yuan
Tag: CBDC
HSBC supportive of CBDC, working with eight nations
As a digital replacement for physical cash, CBDCs would eliminate the costs incurred from handling cash, leading to cheaper and more efficient payments.
Bank of Canada sees CBDC as payment, competition and innovation
“A CBDC might be beneficial and probably necessary to ensure a competitive and vibrant digital economy”.
Japan’s cautious approach to CBDC could have ripple of implications
Government is built, by design, to move slowly. CBDCs, however, are an area where government needs to partner with the private sector.