The Eastern Caribbean Central Bank is to launch a digital currency for the benefit of its dispersed island economies – essential to a region that has been disproportionately affected by climate change-induced disasters, governor Timothy Antoine tells fDi.

National Bureau of Economic Research

While this makes China the first country formalising digital currency—Bitcoin alternatives have existed for long now—it also sounds the bugle for other central banks to join the race.

While China introduces the 'digital yuan' in pilot program, U.S. struggles with old technology that prevents many people from getting coronavirus funds.

Netherlands Bank DNB Occasional Studies by Peter Wierts and Harro Boven

The Eastern Caribbean Central Bank is to launch a digital currency for the benefit of its dispersed island economies – essential to a region that has been disproportionately affected by climate change-induced disasters, governor Timothy Antoine tells fDi.

Liberty Reserve, a company that operated one of the world’s most widely used digital currency services, and seven of its principals and employees were charged with money laundering and operating an unlicensed money transmitting business.

May 4, 2020

While much of the world is consumed by the COVID-19 crisis, the Chinese government is quietly unleashing a financial innovation that will reshape its economy and improve its strategic standing for decades to come. In April, China’s central bank introduced the “digital yuan” in a pilot program across four cities, becoming the world’s first major economy to issue a national digital currency.

May 4, 2020

While much of the world is consumed by the COVID-19 crisis, the Chinese government is quietly unleashing a financial innovation that will reshape its economy and improve its strategic standing for decades to come. In April, China’s central bank introduced the “digital yuan” in a pilot program across four cities, becoming the world’s first major economy to issue a national digital currency.

May 4, 2020

While much of the world is consumed by the COVID-19 crisis, the Chinese government is quietly unleashing a financial innovation that will reshape its economy and improve its strategic standing for decades to come. In April, China’s central bank introduced the “digital yuan” in a pilot program across four cities, becoming the world’s first major economy to issue a national digital currency.

May 4, 2020

While much of the world is consumed by the COVID-19 crisis, the Chinese government is quietly unleashing a financial innovation that will reshape its economy and improve its strategic standing for decades to come. In April, China’s central bank introduced the “digital yuan” in a pilot program across four cities, becoming the world’s first major economy to issue a national digital currency.

Patrick Jenkins and guests discuss UBS's cultural faux pas in China, Deutsche Bank's plan to set up a 'bad bank' and Facebook's bid to shake up the payments world. With special guest Jan Kvarnström, bank restructuring expert.  

Contributors: Patrick Jenkins, financial editor, Don Weinland, Beijing financial correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon

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Facebook has revealed plans for a new global digital currency, claiming it will enable billions of people around the world without a bank account to make money transfers. Patrick Jenkins discusses the initiative and what it means for the banks with Nick Megaw, Caroline Binham and Elaine Moore.

Contributors: Suzanne Blumsom, executive editor, Patrick Jenkins, financial editor, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon

See acast.com/privacy for privacy and opt-out information.